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	<title>Answers for InsuranceLibrary.comRebecca Pollack -  -</title>
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		<title>Answer on Does life insurance get taxed? by Rebecca Pollack</title>
		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-get-taxed#answer_165</link>
		<dc:creator>Rebecca Pollack</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:18:24 +0000</pubDate>
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		<description><![CDATA[The death benefit is usually income tax free to the beneficiary. The reason why I say usually is because there are a few circumstances where the benefit would be taxable. If the death benefit is paid out in installment payments and is gaining interest, the beneficiary would have to pay taxes on the interest earned.

The beneficiary of a life insurance policy receives a lump sum of money from the insurance company that is not included as income. The applicant does not pay any taxes on their premium payments as well. Life insurance also skips probate court. Probate court is the court that deals with distribution of assets after one passes.

Most individuals have their assets tied up in probate from six months to over two years. Walt Disney passed away in 1966 his estate is still in probate. Nobody has access to the individual’s estate until it has gone through the probate court. Life insurance bypasses the probate process and goes to the beneficiary income tax free in most cases.]]></description>
		<content:encoded><![CDATA[The death benefit is usually income tax free to the beneficiary. The reason why I say usually is because there are a few circumstances where the benefit would be taxable. If the death benefit is paid out in installment payments and is gaining interest, the beneficiary would have to pay taxes on the interest earned.

The beneficiary of a life insurance policy receives a lump sum of money from the insurance company that is not included as income. The applicant does not pay any taxes on their premium payments as well. Life insurance also skips probate court. Probate court is the court that deals with distribution of assets after one passes.

Most individuals have their assets tied up in probate from six months to over two years. Walt Disney passed away in 1966 his estate is still in probate. Nobody has access to the individual’s estate until it has gone through the probate court. Life insurance bypasses the probate process and goes to the beneficiary income tax free in most cases.]]></content:encoded>
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		<title>Answer on Can I get life insurance with a DUI? by Rebecca Pollack</title>
		<link>https://www.insurancelibrary.com/life-insurance/can-i-get-life-insurance-with-a-dui#answer_164</link>
		<dc:creator>Rebecca Pollack</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:18:04 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/can-i-get-life-insurance-with-a-dui#answer_164</guid>
		<description><![CDATA[There are some insurance companies that will still allow you to get life insurance even if you have had a DUI. There are some easy issue life insurance policies that are available to individuals that are seen by the insurance agency as a higher risk. There is usually a cap to the death benefit you can have with these policies. These easy issue policies usually only ask a few health related questions to determine eligibility. The rates tend to have a little higher monthly premium because there is a higher risk involved.

Some policies include a built-in accidental death rider that pays double the face amount on the policy. Individuals that have made a bad judgment call when they were intoxicated are seen as a higher risk. Companies want to be able to put a limit on the amount they would have to payout in this instance. The unfortunate part of this is that most of us make one mistake and it haunts us for the rest of our lives. There is usually not a time limit associated with this question on the application. That means, even if it only happened once and it was a decade ago, you may not be able to get that particualar policy.

But the good news is that you will still be able to find some life insurance for yourself because there are policies available to you. Make sure that you find the right one though because if you are denied from one, you may not be able to get insurance for two years from any company. Be open and honest with your agent because a good agent will find the policy that you can qualify for.]]></description>
		<content:encoded><![CDATA[There are some insurance companies that will still allow you to get life insurance even if you have had a DUI. There are some easy issue life insurance policies that are available to individuals that are seen by the insurance agency as a higher risk. There is usually a cap to the death benefit you can have with these policies. These easy issue policies usually only ask a few health related questions to determine eligibility. The rates tend to have a little higher monthly premium because there is a higher risk involved.

Some policies include a built-in accidental death rider that pays double the face amount on the policy. Individuals that have made a bad judgment call when they were intoxicated are seen as a higher risk. Companies want to be able to put a limit on the amount they would have to payout in this instance. The unfortunate part of this is that most of us make one mistake and it haunts us for the rest of our lives. There is usually not a time limit associated with this question on the application. That means, even if it only happened once and it was a decade ago, you may not be able to get that particualar policy.

But the good news is that you will still be able to find some life insurance for yourself because there are policies available to you. Make sure that you find the right one though because if you are denied from one, you may not be able to get insurance for two years from any company. Be open and honest with your agent because a good agent will find the policy that you can qualify for.]]></content:encoded>
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		<title>Answer on Can I get life insurance with high blood pressure? by Rebecca Pollack</title>
		<link>https://www.insurancelibrary.com/life-insurance/can-i-get-life-insurance-with-high-blood-pressure#answer_163</link>
		<dc:creator>Rebecca Pollack</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:17:36 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/can-i-get-life-insurance-with-high-blood-pressure#answer_163</guid>
		<description><![CDATA[You can get life insurance if you have high blood pressure. The factor that insurance companies look for when it comes to high blood pressure is how many medications that you take to keep it under control. If your doctor has you on more than one prescription for high blood pressure, it means that it is not under control. When your blood pressure is not under control, it can lead to a stroke.

Most of the time, there are limited opportunities for insurance if you have had a stroke recently. However, there are easy issue policies that don’t ask about how many medications you are taking. These policies usually have a higher premium because they ask less health questions.

Most insurance companies will also put a cap on the benefit for these policies. Make sure that your agent knows your complete health situation so that she can find you a policy that you will be able to qualify for. There are definitely a lot of options for you when you have high blood pressure. If you are on several medications for blood pressure, talk to your doctor and see how you would be able to get down to one. Most of the time he will suggest that you diet and exercise. It is a serious matter so listen to what your doctor is telling you.]]></description>
		<content:encoded><![CDATA[You can get life insurance if you have high blood pressure. The factor that insurance companies look for when it comes to high blood pressure is how many medications that you take to keep it under control. If your doctor has you on more than one prescription for high blood pressure, it means that it is not under control. When your blood pressure is not under control, it can lead to a stroke.

Most of the time, there are limited opportunities for insurance if you have had a stroke recently. However, there are easy issue policies that don’t ask about how many medications you are taking. These policies usually have a higher premium because they ask less health questions.

Most insurance companies will also put a cap on the benefit for these policies. Make sure that your agent knows your complete health situation so that she can find you a policy that you will be able to qualify for. There are definitely a lot of options for you when you have high blood pressure. If you are on several medications for blood pressure, talk to your doctor and see how you would be able to get down to one. Most of the time he will suggest that you diet and exercise. It is a serious matter so listen to what your doctor is telling you.]]></content:encoded>
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		<title>Answer on How much does life insurance cost per month? by Rebecca Pollack</title>
		<link>https://www.insurancelibrary.com/life-insurance/how-much-does-life-insurance-cost-per-month#answer_162</link>
		<dc:creator>Rebecca Pollack</dc:creator>
		<pubDate>Wed, 20 Feb 2013 02:17:15 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/how-much-does-life-insurance-cost-per-month#answer_162</guid>
		<description><![CDATA[There are a lot of factors that go into the price of life insurance. Every year that you get older, the price increases for insurance. It also depends on how much life insurance you are looking for. The higher the death benefit, the higher the monthly premium. Another factor to consider is your health. Life insurance is based on the insurance company’s risk.

If you are unhealthy or have a few high risk health conditions, you will have to pay a higher rate for insurance. It is also up to the insurance company. Some insurance companies charge more for the exact same coverage. Also, women have a longer life expectancy then men so the rates for women are usually lower.

There are two types of life insurance too. Term insurance only covers you for a period of time and whole life covers you for a lifetime and you are guaranteed a payout. Term is usually cheaper because if you don’t pass in the specified term, the insurance company does not pay out anything.

For policies that have a large death benefit, the insurance company usually asks for an exam to be done that checks your blood, heart rate, and other key health related factors. The rate is usually higher for smokers compared to non-smokers. Life insurance rates are determined on a case by case basis.]]></description>
		<content:encoded><![CDATA[There are a lot of factors that go into the price of life insurance. Every year that you get older, the price increases for insurance. It also depends on how much life insurance you are looking for. The higher the death benefit, the higher the monthly premium. Another factor to consider is your health. Life insurance is based on the insurance company’s risk.

If you are unhealthy or have a few high risk health conditions, you will have to pay a higher rate for insurance. It is also up to the insurance company. Some insurance companies charge more for the exact same coverage. Also, women have a longer life expectancy then men so the rates for women are usually lower.

There are two types of life insurance too. Term insurance only covers you for a period of time and whole life covers you for a lifetime and you are guaranteed a payout. Term is usually cheaper because if you don’t pass in the specified term, the insurance company does not pay out anything.

For policies that have a large death benefit, the insurance company usually asks for an exam to be done that checks your blood, heart rate, and other key health related factors. The rate is usually higher for smokers compared to non-smokers. Life insurance rates are determined on a case by case basis.]]></content:encoded>
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