Does a beneficiary on a life insurance policy have to pay income taxes on the death benefit proceeds?
Death benefits from life insurance policies are income tax free, however, may be subject to estate and/or inheritance tax. If the gross value of the insured’s adjusted estate is greater than $675,000, then an estate tax is assessed assuming that the death benefit were to be included in the insured’s estate if he or she had retained ownership. What factors affect my Auto Insurance rates? • Driving Record (i.e. number of tickets and chargeable accidents within the past three years) • Age of Driver and Years of Driving Experience • Year, Make & Model of Auto • Annual Mileage • Vehicle Use (pleasure, work, or business use) • Territory (where the car is primarily garaged) • Marital Status • Other Household Licensed Drivers • Coverage Amounts & Deductible What factors affect my Homeowners Insurance costs? • Year Built • Territory • Construction Type • Security and Loss Prevention Features (i.e. fire and/or burglar alarm, sprinklers) • Proximity to Brush Area (homes within designated brush ar
