Tag: insurance policy

Business Law & Regulations, Workplace Safety & Health

How High-Deductible Health Plans Work

April 7, 2022

Via: Investopedia

An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance […]

Tax Code, Regulations and Guidance

Understanding the Insurance Transfer-for-Value Rule

June 6, 2018

Via: Investopedia

One of the key benefits of any kind of life insurance is the tax-free death benefit. However, some speculators began to transfer life insurance policies between parties to reap large tax-free windfalls. To discourage this, Congress declared any life insurance […]