Reader’s Question:

Quick question. When purchasing life insurance, are the premiums tax deductible? This would help me with the decision between life insurance and market investments in Houston Texas TX. Thank you,

Henry

Houston, TX

Hello Henry,

Under certain circumstances life insurance premiums can be tax deductible in Houston Texas. Every situation would need to be reviewed with a life insurance agent and a tax consultant in Texas TX. If you own a business, or in other employment situations premiums can de deducted from your tax liability. This only applies to specific types of insurances and your life insurance agent is best suited to develop the most appropriate plan.

You should also keep in mind that for most individuals, life insurance offers other tax based benefits. Whole life insurance offers a unique means to accrue cash and equity on a tax deferred basis. Of course the primary purpose of life insurance is to provide a guaranteed death benefit to your loved ones, but we believe you will find whole life insurance to have many tax advantages.

Of course, every situation is different, like yours in Houston Texas TX. When preparing your estate and planning for your future, you should always consult both your life insurance agent and your tax helper. Your personal portfolio and employment circumstances will determine the tax advantages of your life insurance coverage in Houston.

Tags: life insurance, life insurance tax benefits

Reader’s Question:

I have seen and read so many advertisements on ‘no medical exam’ life insurance policies in Houston, Texas. Sound too good to be true, but since my term life insurance is about to expire, I would like to give it shot. I am just worried it would just rip me off and end up regretting. I hope you can help.

Tara

Houston, TX

Hello there, Tara.

Good thing you asked me about this. I probably know a lot about no exam life insurance policy because like you, I gave in to advertisements and now, I hold one.

Getting no exam life insurance policy can be a piece of cake for anyone. What I did was to get online and fill out a questionnaire from a reputable life insurance company. Of course, there can be so much junk in the internet and you need to be very careful and research more extensively before you transact online. Do not be surprised though if you will get an instant coverage right after you pay premium.

In my case, it took me a quick 15 minute application to get instant life insurance coverage. You will never run out of options since most legitimate life insurance companies that own a website normally offer this service online.

If you are not very comfortable transacting online though, you can always call an agent form a local life insurance company in Houston, Texas and ask for no exam life insurance. You will be interviewed for as short as 15 minutes and after the interview (which serves as the questionnaire online) you will get your results whether you qualify for coverage or not. In most cases, applicants get approved more often than not.

To start shopping online, simply enter your zip code on the relevant space found in this page.

Have a good one!