Is the accelerated death benefit payout taxable?

Accelerated Death Benefits (ADB) are an important feature of many life insurance policies. They provide policyholders with the option to receive a portion of their death benefit while they are still alive. This can be extremely useful in situations where the policyholder is facing a terminal or chronic illness and requires immediate funds for medical…

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Is term life insurance more affordable than permanent life insurance?

When it comes to life insurance, it is important to consider not only the coverage it provides but also its affordability. One common question that often arises is whether term life insurance is more affordable than permanent life insurance. To make an informed decision, it is crucial to understand the basics of life insurance and…

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