For dependent life insurance purposes, spouses are usually defined in broad terms and typically includes any person state law ...

A death benefit in life insurance doesn’t necessarily have to go to an individual; it’s possible to designate an organization, like a charity or trust, as the beneficiary.

Nationwide is the best life insurance company with living benefits, according to Investopedia research. Columbus, Assurity, ...

At its core, a life insurance policy with living benefits means accessing part of the policy's death benefit while you’re still alive, offering financial assistance during unforeseen challenges.

While the IRS could charge estate taxes on life insurance death benefits, these only apply to the very wealthy. In 2025, you can leave up to $13.99 million of property at death to your heirs ...

It carries a relatively low death benefit of as little as $5,000 and is intended to be used for end-of-life expenses, such as medical or legal bills and the cost of a funeral, burial and/or cremation.

If you're in the market for a life insurance policy, you may be asked if you're interested in including an accelerated death benefit. Sometimes you'll hear an accelerated death benefit referred to ...

Like any life insurance policy, a mortgage life insurance policy pays out a benefit upon the insured’s death. However, the policyholder does not choose the beneficiary.

When a Life Insurance Death Benefit Is Taxable Generally, life insurance death benefits are paid out tax-free to beneficiaries. However, certain scenarios can trigger a tax liability.

Life insurance beneficiaries are not required, but not naming beneficiaries could make it more difficult and time-consuming for your heirs to receive the death benefits of the policy.

At its core, a life insurance policy with living benefits means accessing part of the policy's death benefit while you’re still alive, offering financial assistance during unforeseen challenges.