The proceeds of a life insurance policy are included in your taxable estate unless (see #3):

http://www.newyorklife.com/cda/0,3254,11403,00.html


Comments

  1. I would reccommend goint to the insuremation website and seeing if you can get a short term (6mos-1year) policy. COBRA is so freaking expensive, you just might find you can do it cheaper through insuremation..
    [url=http://www.insuremation.com] Individual Health Insurance[/url]

  2. dear gryp

    I would reccommend goint to the insuremation website and seeing if you can get a short term (6mos-1year) policy. COBRA is so freaking expensive, you just might find you can do it cheaper through insuremation..

  3. 3 Technical Question About UL’s

    Hello,

    Regarding a UL (yes, I have read my prospectus and done Google searches).

    What is the difference between COI and mortality expense. I know COI is assessed on the amount at risk, and Mortality expense on the CV, but I still do not know the difference. They both sound like the same thing.

    Thanks.

  4. 5 Health Insurance help

    I want to move out of state, and I am actually thinking about quitting my job and starting over. How long will my insurance cover me before I must pay out of my pocket, and does it carry over like that? Does it depend on the company and the type of insurance I have? I have never done this before, so I am unsure.

    It is hard for companies to take me seriously out of state, when I am looking for jobs……They are pretty much hiring people that are already in the area so I don’t really know what to do. The area I want to live does not have facilities even close to where I want to move too for transfer. Or should I just look for the closest facility? Which would mean more than one move!!

    I am nearing 50, single/no children with avg health so I am taking a huge risk relocating w/o anything, can anyone help? I have BC/BS right now.

    THANK YOU SO MUCH

  5. I want to move out of state, and I am actually thinking about quitting my job and starting over. How long will my insurance cover me before I must pay out of my pocket, and does it carry over like that? Does it depend on the company and the type of insurance I have? I have never done this before, so I am unsure.

    It is hard for companies to take me seriously out of state, when I am looking for jobs……They are pretty much hiring people that are already in the area so I don’t really know what to do. The area I want to live does not have facilities even close to where I want to move too for transfer. Or should I just look for the closest facility? Which would mean more than one move!!

    I am nearing 50, single/no children with avg health so I am taking a huge risk relocating w/o anything, can anyone help? I have BC/BS right now.

    THANK YOU SO MUCH