Andy has lived in Bismarck, North Dakota most of his life. He called me to ask: “Do you pay taxes on money you receive from a parents life insurance policy.” Bismarck, is the capital of the state of North Dakota. Bismarck sits on the Missouri Plateau directly across the Missouri River. The North Dakota State [...]

Term Life Insurance is insurance that covers only a specified portion of your life. In this time, in the event of death, the policy holder may be paid dividends. But not after. Term life insurance plans are generally chopped up in time frames of 5, 10 and 20 years. The advantages of Term Life insurance [...]