A permanent life insurance policy provides lifetime coverage plus the ability to accrue cash value. If a policyholder doesn't assign beneficiaries, the death benefit becomes part of their estate when ...

When a loved one dies and you know you’re the beneficiary of their life insurance policy, getting the payout is typically ...

A beneficiary is the person you choose to receive your life insurance death benefit after you die. You can choose multiple beneficiaries and designate a certain percentage of the death benefit for ...

If your life insurance beneficiary dies before you, the payout may go to a contingent beneficiary or your estate, depending on how you set up the policy. You can choose how death benefits are ...

Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a ...

When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable ...

Life insurance works by providing a financial safety net for your loved ones if you died and were no longer able to provide for them. But before you can decide what type of cover, and how much of it ...