Question: On my financial adviser’s suggestion, I bought whole life insurance as an investment, but being single, young and healthy, I’m rethinking it now. Should I keep the policy, or discard it and pay the penalties?
Question: My husband is a foreign national. What taxes will he pay if he inherits my assets—a whole life insurance policy and a 403(b) account?
Question: As a 60-year old, should I buy equity-indexed life insurance?
Question: My father passed away and had a $150,000 life insurance policy that he left to my mother. She would like to give me and my brother each $50,000. What are the tax implications for each of us if she gives us part of the inheritance?
Question: How do insurance-based college-savings programs compare with 529 plans? And do they count in the federal financial aid calculation?
– Thomas Kaye, New York City
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