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Life Insurance Archives | Kingdom Financial Ministries

Category: Life Insurance

Indexed Annuities

If you want to limit potential losses while participating in the potentially attractive returns of a market-driven investment but would also like a guaranteed return, an indexed annuity might be worth checking out. The performance of indexed annuities, also referred to as equity-indexed or fixed-indexed annuities, is tied to...
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Getting Help from a Financial Professional

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events,...
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How Does Cash Value in a Life Insurance Policy Really Work?

When you own cash value life insurance, your premium payments are allocated three ways. First, a portion of each premium pays for the actual insurance costs. Like term insurance, a specific cost is associated with the policy’s death benefit, based on your age, health, and other underwriting criteria. Second,...
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Why a Life Insurance Claim May Be Denied

Life insurance can be an important financial tool for you and your family. For example, life insurance can help replace earnings that would cease upon your death. It can provide a legacy for your children or grandchildren, and can even be used to make a charitable gift after your...
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Are life insurance proceeds income taxable?

Answer: In general, life insurance proceeds paid to you because of the death of the insured are not subject to federal income tax. To qualify for such favorable tax treatment, the life insurance contract must meet certain IRS requirements. However, proceeds may be taxable in limited cases. For instance,...
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If I leave my company, can I take my life insurance policy with me?

NEED TERM LIFE INSURANCE? GET A NO OBLIGATION QUOTE BY CLICKING THIS LINK: https://www.naaip.org/gfsfinancial/compare-life# Answer: If you leave your company, you can often continue your life insurance coverage with the same insurance company. The group life insurance contract under which you are insured may have a conversion privilege available...
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Life Insurance: Do You Need It?

TERM LIFE QUOTE: FREE NO OBLIGATION. COMPARE ALL COMPANIES WITH ONE CLICK: https://www.naaip.org/gfsfinancial/compare-life# At some point in your life, you’ll probably be faced with the question of whether you need life insurance. Life insurance is a way to protect your loved ones financially after you die and your income...
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Irrevocable Life Insurance Trust

TERM LIFE QUOTE: https://www.naaip.org/gfsfinancial/compare-life# What is it? An irrevocable life insurance trust (ILIT), sometimes referred to as a wealth replacement trust, is a trust that is funded, at least in part, by life insurance policies or proceeds. If properly implemented, an ILIT can help minimize estate taxes and provide...
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Maximizing the Estate Planning Value of Life Insurance

Simply put, maximizing the estate planning value of life insurance means getting the most bang for your buck. That is, it involves keeping as much of the proceeds as possible away from the IRS and in the hands of your beneficiaries. When you die, all your worldly goods (e.g.,...
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Life Insurance

Life Insurance: Do You Need It? FIND OUT HOW MUCH TERM WOULD COST HERE: https://www.naaip.org/gfsfinancial/compare-life# At some point in your life, you’ll probably be faced with the question of whether you need life insurance. Life insurance is a way to protect your loved ones financially after you die and...
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Review your Insurance Coverage

Are There Gaps in Your Insurance Coverage? Buying insurance is about sharing or shifting risk. For example, health insurance will cover some of the cost of medical care. Homeowners insurance will assume some of the risk of loss in the event your home is damaged or destroyed. But oftentimes...
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