How much life insurance should I have?

Written on August 11, 2010 – 4:20 pm | by Connor McLeay

Term Life Insurance Calculator

Use our quick and easy term life insurance calculator to determine how much life insurance you need. Choosing the right amount of protection is very important, for you and more importantly the ones you leave behind.

Just answer the questions below to quickly determine the right amount of life insurance protection to meet your family’s needs.

Life Insurance Need Calculator

This calculator will help you to decide how much life insurance you need if your survivors invest the life insurance benefits they receive.

Funeral cost, estate taxes, etc.

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How do I Find a Life Insurance Policy Owed in Oregon?

Written on August 11, 2010 – 8:17 am | by Eden Rudduck

Difficulty: Moderately Easy Instructions

1. Step 1

   Check your deceased relative’s bank account statements, tax returns and personal belongings. There may be clues like receipts or canceled checks to life insurance companies for the payment of insurance premiums, or interest paid on a life insurance loan.

2. Step 2

   Contact your relative’s life insurance company, which will send you a death claim form in the mail. Return the claim form with a copy of the death certificate for your deceased relative, and allow the insurance company to process your claim.

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Insurance Trust Definition

Written on August 11, 2010 – 12:46 am | by Eden Rudduck

Function

1. A life insurance trust names an administrator (the trustee) who will manage the trust as separate property, allowing both the policyholder and the named beneficiaries to circumvent income and estate taxes as well as estate settlement costs because neither owns the policy.

Trust Creation

2. An existing life insurance policy can be transferred into a trust, but the named insured must live at least three additional years after the transfer. Otherwise, the trust may be set up first and the policy sold directly to the trust.

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