Reader’s Question: I am from Brooklyn and I have a life insurance from a local insurer in NY. I just wanna know, will the beneficiaries still receive life insurance if the insured committed suicide? Nancy Brooklyn, NY That’s an interesting question Nancy Suicide is indeed a very controversial case. This means that life insurance companies [...]

Reader’s Question: I am a single parent living with my kids in Queens, NY What are other uses of life insurance when my children will leave me at the age of at most 21? Charisse Queens, New York There are lots of things that you can do with your life insurance even when your children [...]

Reader’s Question How can I use life insurance as future investment in New York, NY? Isn’t life insurance just for beneficiaries who are left after I die? Please clarify on this. Ben New York, NY Hello Ben, It’s true that insurance are provided to your beneficiaries when you die, but it can do more if [...]

Reader’s Question: I am currently becoming a sucker for life insurance in Babylon, New York NY. So many things to know and so many choices which make me more confused than informed. I appreciate if anyone could give me a more straightforward explanation for my life insurance needs in New York. I am guessing how [...]

Reader’s Question: I have just retired and want to know if I should review and change my life insurance policy in New York, New York. Larry New York, NY Congratulations, Larry! Studies have shown that over a quarter of American households lack a member with life insurance. The remaining 75% do not have adequate coverage [...]

Reader’s Question: Are life insurance taxable in New York? Apparently, my mother in law says that the IRS is claiming she has to pay taxes for the 50,000 life insurance that she received when my father in law passed away. Lorie New York, NY   Hello there, Lorie! No, life insurance are not taxable in [...]