With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Ultra-wealthy people use life insurance products to mitigate and defer taxes. The rest of us use life insurance as a safety net to take care of the people we love and worry about the most. Patricia De ...

What Is Life Insurance Planning? Life insurance is a contract between an individual and an insurance company, where the individual pays premiums in exchange for the insurer providing a lump sum ...

Life insurance is commonly purchased to provide financial support for the policyholder’s loved ones in the event of an untimely passing. It acts as a legacy planning tool that can provide funds for ...

When the Tax Reform Act of 1986 became law, most financial professionals saw what they had lost—deductions, shelters, and loopholes. A few saw something entirely different. Buried deep in that ...

Life insurance has long played a crucial role in estate planning and wealth transfer. Its evolution has addressed two primary challenges: creating an estate when liquidity is insufficient to support ...

The 2023 Survivor Benefit Plan open season is upon us. It has made me think a lot about this important program that allows retirees to protect up to 55% of their retirement income for their loved ones ...

Issues around financial security are deeply personal, especially when life shifts unexpectedly around you. For me, that moment came when my company relocated me from Hong Kong to New York City. My ...

Life insurance policies shouldn't require a lot of upkeep. Once you choose a life insurance plan you're comfortable with, then think of it like just another bill you pay for security and peace of mind ...

Life insurance is a valuable thing to have in case you need to provide financial protection for your loved ones in the event of your death. Protecting your loved ones even after you're gone sounds ...

Open enrollment season allows employees to choose workplace benefits for the following year, including life insurance. Most companies offer group life insurance, which covers a number of people under ...