If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Please help explain life insurance terms.?

I am pretty much dependent on my guy for my life expenses. Our other policy was dropped (long story but mistake on the part of the insurance company) . I hear terms whole life’ and ‘term” what I need is something to help me get expenses paid for about a year should (God Forbid) anything happen. He is 57


How do you adjust a W2 form for group term life insurance?

I’m working on a project for a payroll class. Our company provides group term life insurance to the employees. The group insurance is carried at 1.5x the annual earnings of the employee. The employee pays $.30 for every $1,000 in group life insurance each month to pay the premium. The remaining premium is paid by the employer and debited from an insurance expense account. The whole project, we haven’t made any employer premium expense entries. We’ve only focused on the employee’s entries and the credits into the group insurance premiums collected liability account for said deductions. Now, at the end of the year, preparing the W2 forms, I’m at a loss for how to treat this. Is the amount over $50,000 added to the wages, tips and compensation for the income tax paid on it? I’ve read through the W2 instructions but I just don’t understand it that well if someone could explain it.


Is the only insurance for abortion Medicaid?

Is Medicaid the only insurance that covers abortion for rape cases, incest, etc?


If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


No car registration or car insurance?

I bought a car from a tow yard two days ago. Have not gone to the dmv or got the car insured. Today i got pulled over and i got a ticket for not having registration and insurance. The cop said it was a fix it ticket. I live in california so if anyone has any info on what comes next it would be great. When i get the car insured and show proof will that ticket will go away? if i get it registered will that ticket go away? Am i looking at any fines that i will have to pay? or just by getting registraion and insurance i should be good?


If your daughter gets pregnant, will your insurance cover it?

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If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


How much should I expect to pay for flood insurance in michigan?

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Im a 16 year old boy that has not had any law trouble and is a first time driver with really good grades. I take my road test at the first of november. I am looking at purchasing a 2002 Volkswagen Passat GLS and i was wondering how much the insurance would cost on average?


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

I don’t have car insurance on my car?

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If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?


Car accident with no insurance. collection agency wants me to pay?

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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Insurance and financial help?

Here’s the deal, I broke something that wasn’t mine (on a trip) and was given a bill. I paid for it with my saving account. Why would my parents need a copy of the bill for our insurance co.””


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A 16 year old male who knows how to drive well, is driving in the middle of the day on regular streets to the mall, the gym, etc. No license, no L, no permit. The 16 year old can easily pass for 22, nobody would ever guess he was 16. What are the chances of him getting pulled over? This is not me if you’re asking. I am just very curious. If this was in canada as well


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Concerning GPA for good student discount for car insurance !?

on my report card for my final grade pint average i had received an 85 would that get me the good student discount for state farm


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ive been really sick i think i may be diabetic. How should i go about this. Go to a family doctor and just pay the money or what? Is the amount going to be outrageous?


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


I have no insurance how much does it cost to fix a broken windshield (the back windshield).?

I have no insurance how much does it cost to fix a broken windshield (the back windshield).?


If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?

If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?


How to work with Insurance Company regarding ACV and salvage buy back?

Here is my situation: I recently crashed my 2003 350z and my insurance company just deemed it a total loss. My original plan was to accept the total loss and buy back the car to repair it myself and get a salvage(rebuilt) title. Today, I received a call from my claim rep with Progressive Ins with the numbers regarding the accident. Here are the numbers in approximation as I’m awaiting a breakdown via email. Car Value(tax, registration, etc):$12,400 Deductible:$1,000 Lien Payoff:$8,250 Settlement amount(check to me):$3,170 I requested to purchase the car back to repair myself, and my agent advised: I would need to first pay down my lien by about $2,250. Once the payment posted, they would then complete the payoff of the lien and I would be able to get my car back. So, basically, they are wanting over $5,000 for me to purchase this car back, which is over 40% of the car’s value. I feel this number is a little high and originally expected to be able to at least have the lien and deductible paid, and just receive the car back with little or no cash in addition to the car. After hearing this information, I became frustrated and let the rep know that I would need to think about how I wanted to continue. After doing some research online, I was able to locate where the car was(never advised). The car was towed directly to an Insurance Auction company in Phoenix, AZ. While looking for information regarding this company, I was actually able to locate my car on their web site ready for auction with a start date of TBD, awaiting certificate. This was posted on their site yesterday, a day before I received any information regarding my claim. As mentioned, this was declared a total loss and I was able to obtain the repair summary, and every part listed on their paperwork was highly overpriced based off my part research. Their web site also stated that the car did not start, but since the accident on last Thursday, 03/15/2012 and every single day following, I started the car and it started without a hitch, even on Monday, when I left the key in the car for the tow company to get the car. The car also has a lot of aftermarket(performance) parts installed on the vehicle. So, how would I find out if the value of the car included these parts in there figures? If it wasn’t figured into the pricing, or the payout amount for the premium parts is not very much, I can opt to remove and replace these parts with stock or acceptable parts. For instance, I have a cold air intake, full adjustable coil over suspension with camber kits, (4) Work Wheels and Nitto Invo tires, full cat-back single exit exhaust, and premium sound system. Obviously, if these were not figured in to the pricing, how would I go about adding these, or would it be better to just remove and replace these with stock or acceptable replacements? Is there anyway to get the buy back price down? Or if that is not an option, would my additional GAP coverage work in paying the $2,200 to the lien holder so I could buy back the vehicle within the limits of their settlement offer? Regarding the starting of the vehicle, like I mentioned, it was fired up everyday until it was towed, and now it states that it doesn’t start? How would one go about investigating this? Is it worth it to try and hire a third party appraiser and/or mechanic to price out the repair and the worth of the vehicle in it’s current state with all the parts? I understand the reasoning behind totaling the car, but I don’t quite understand their valuing of the car, and the amount they want me to pay to buy back the vehicle? How should I move forward, who should I contact, and what would be the best plan of action in this situation? I’m thinking that removing the aftermarket parts and replacing them with oem or acceptable replacements would be the first step, as I would make more money on selling the parts private party than having them remain on the car with the current values. I’m very stressed out and I’m really unsure on how to move forward with my Insurance company. I understand that they are trying to pay out as little as possible, but it’s my insurance company who claim to be on my side. The value of the car they provided would be acceptable with the car was bone stock, but it’s not. Can anyone please help me with this situation? It would be greatly appreciated and any advice would help greatly! I should also note that I also had a total loss last year with the same Insurance company and it was handled very differently. The car was taken to an actual reputable body shop for the appraisal, and the value of the car was higher than blue book and also had aftermarket parts. This was an 2006 Ford Focus ST (SAP) with 73,000 miles. They even offered the buy back option at 20% of the ACV, and with my current 03 350Z, they want over 40% of the ACV for the buy back. PLEASE HELP Thanks!


How much will my insurance cost?

how much will insurance cost if i’m 17 a girl and driving a 2002 mustang?


Insurance rates?

How much will insurance be for a 16 year old driving a 2007 Dodge Charger in the state of California? By the way, I get the good student discount.


Can i canel my ex-partners car insurance?

A month before we split up my ex but a whole years car insurance on my credit card. Now we are apart, and i have asked her to get a credit to refund as i dont drive and dont have the means to pay for this? Am i being unreasonable, she has said as we were together it is irrelevant, but as i havent paid for it yet and its essentially a pre-payment what should i do? It was made in my name (the payment) so can i simply unmake it?


My car insurance just jumped up tremendously?

ok i was living in delaware. my car is registered there. i have a delaware drivers license. now i was staying with my girlfriend in her place and we recently just got a place in pa last month. however, all my mail still goes to my old delaware address. now, i have nationwide and i changed my address. thinking it wouldnt go up by that way. it went up from 1300 every 6 months to 4500 every 6 months. they changed my agent(it was based in elkton, md- 5 min from delaware). my agent is trying to get the policy back to elkton, maryland. however, i cannot afford this insurance. would i be able to change it back to delaware and just say that i decided not to move?


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