Discover the pros and cons of level-premium insurance. Learn how to choose the best policy, assess financial needs, and ...

Tax advantages ... life insurance is less expensive than whole life insurance and comes with a lot more flexibility. You can adjust premium payments and the death benefit of a UL policy—you ...

If the bill becomes law and Congress allows the enhanced premium tax credits — which were passed during the pandemic and ...

After you’ve filed, review what worked and what didn’t so you can improve your tax strategy for the coming year.

You can generally adjust premium payments and the death benefit ... such as whole life insurance. How does tax code 7702 affect cash value life insurance? One important aspect of cash value ...

Table 1 approximates how premium costs would rise sharply for a 55-year-old making just above 400 percent of the FPL ($60,240.00 in 2024) if Medicaid expansion were rolled back and enhanced ...

Eligible applicants can use the credit to lower insurance premium costs upfront or claim the tax break when filing their return. Instead of a lower-income person paying 2% of their income on ...

Universal life insurance also allows policyholders to adjust their death ... benefits of life insurance and tax-free investment growth could benefit from single-premium life insurance.

A companion bill, HB516 by Rep. Chance Henry, R-Acadia, proposes a broader overhaul of the state’s insurance premium tax structure. Henry’s bill would replace the current sliding scale for taxing fire ...