Month: May 2014

What is meant by term life insurance?

22 May, 2014 James 7 Comments 1 category

A couple of different life insurance terms can be confusing: Whole life insurance Term life insurance Term life insurance is bought for a specific length of time, which depends on your age. For example, you

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Is amount received from Critical Insurance taxable?

10 May, 2014 James 0 Comments 1 category

This depends on whether the insurance policy is standalone, or part of a benefits package. It is difficult to say for sure whether critical insurance pay-outs from benefits packages are taxable because some benefits packages

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