With no tax deduction for life insurance under the new tax regime, it may be time to dump policies you bought only to save tax. Experts advise that if the policy is going to mature in 3-4 years ...

A life insurance policy can ensure your loved ones won’t be left scrambling to cover funeral costs, mortgage payments, or lost income if something happens to you. It’s not just about replacing ...

People who generate a lot of current taxable income, imputed (phantom) income or capital gains, unless they're held in a retirement account or life insurance vehicle that provides tax-free growth.

According to Zee Business research, SBI Life Insurance was estimated to register a net profit of Rs 860 crore with gross premium income of Rs 25,340 crore for the final three months of FY25. ALSO READ ...

Employer-sponsored life insurance over $50K is taxed. The IRS considers excess coverage as imputed income. Imputed income appears on your W-2. The taxable portion of employer-provided life ...

Annualized life insurance premium increased 3% in 2024 ... LIMRA and LOMA. “As middle-income and mass affluent consumers look for new investment tools to help them save for retirement, the ...

Ceylinco Life has emphatically reaffirmed its continuing supremacy in Sri Lanka’s life insurance industry with gross written premium income of Rs 37.14 billion and total income of Rs 65.54 billion in ...

Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on retirement, financial planning, business, tech, and more. Rebecca has a ...

Life insurance can be an essential part of financial planning. The right policy can replace your income if you were to die suddenly or help you establish a financial legacy for your heirs.

Knowing which benefits count as imputed income allows individuals to prepare for any tax impact. It also ensures employees understand the real value of their total compensation package. Group-term ...

An employee’s salary isn’t the only form of income they receive. Imputed income may be provided ... Accidental or health insurance benefits. Health savings accounts (HSA) as a result of ...

However, it appears to be very difficult to now obtain such supplementary income because most financial institutions will not offer loans against a life insurance policy. When I ask the agent ...