Taxes on life insurance is an important issue and is being discussed in detail with 3 profesionals over at lifehealthpro.com and can be read by going to this link. Addressing this concern can be quite complicated and most will benefit from having an advisor assist with this type of issue. In the end those that are not prepared may end up paying tax (or their estate) that could have been avoided.
Perhaps one way to judge the pulse of the life insurance industry and related business activity is through the MIB life index. After years of a negtive trend things may have started a reverse of course with last year ending with a small uptick. See more from PR News Wire on this here. For those that work in the industry this meassure is worth keeping a close eye on.
Is there a point when purchasing life insurance can make no sense. Apparently the answer is yes and is being reported on over at Fox Business and can be read here. This is a good read and it spells out the purpose of coverage and perhaps that some people may not want premium costs if they don’t justify the death benefit. On the other hand it may serve a legacy use.