See the tax advantages and downsides.

Learn more about how taxes apply to life insurance proceeds and when you do (and don’t) have to pay taxes on life insurance.

Whole life insurance is a form of permanent life insurance, which means the coverage remains in force until you die as long as you pay your premiums.

A joint life insurance policy covers two people with one death benefit. These policies are usually permanent life insurance ...

See the benefits and limitations, plus a cost analysis.

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Life insurance is a crucial risk management tool within any ...

The majority of American workers — 53% in 2024 — have life insurance through their workplace, according to LIMRA. However, as the cost of living rises, most workplace life insurance policies fail to ...

As the rising cost of living places financial pressure on families, many are looking for ways to relieve some of that burden, including by purchasing life insurance. Experts generally agree that ...

Life insurance is commonly purchased to provide financial support for the policyholder’s loved ones in the event of an untimely passing. It acts as a legacy planning tool that can provide funds for ...