How Much Do Insurance Agents Make?

Insurance Q&A: “How much do insurance agents make?” Just like any other commission based sales job in the world, the sky is the limit as far as income goes for an insurance agent. However, it’s not that cut-and-dry. There are a number of ways to get into the industry as a sales agent and a [...]

What is a Waiver of Premium Provision?

Insurance Q&A: “What is a waiver of premium provision?” We purchase insurance with the idea that it’ll be there when we need it. But an obvious downside is that it doesn’t work if you don’t pay for it. So what happens if you become ill or disabled and cannot work, and therefore cannot pay your [...]

Is Life Insurance Tax Deductible?

Insurance Q&A: “Is life insurance tax deductible?” The answer depends on who’s asking. Generally, personal life insurance premiums are not tax deductible. So if you have a term life or whole life insurance policy, you are not able to deduct the premium payments on your annual tax filing. On the other hand, your employer may [...]

Is It Bad to Let Insurance Coverage Lapse?

Spoiler alert! Yes, it is generally bad news to allow your insurance to lapse, no matter what type of insurance you’re talking about. Insurers don’t like it for a few different reasons, and in most cases, you can expect to shell out more of your hard-earned dollars if you let your coverage expire. Why Do [...]

Accidental Death & Dismemberment Coverage

It’s not a subject we love to bring up, but it beats burying your head in the sand. Accidental Death & Dismemberment coverage, also known as “AD&D,” is a type of life insurance policy (or rider) that will pay out a benefit for death caused by…wait for it…an accident or dismemberment resulting from an accident. [...]