Need Kansas Life Insurance Quotes?

Purchasing life insurance in Kansas is an important matter and as such, it deserves significant thought and consideration. Several factors may affect your decision regarding the type and amount of life insurance that you choose to purchase. Regulations regarding life insurance vary from one state to the next. Be sure to consider the following facts, when considering the purchase of Kansas life insurance.

Insolvency coverage is limited to $300,000 in life insurance death benefits $100,000 in net cash surrender and net cash withdrawal value; in the event that your insurance provider is unable to fulfill your policy.

In terms of debt collection regarding assets, life insurance proceeds are exempt, if the policy contains a clause that prohibits the proceeds from being used to pay the beneficiary's creditors. A life insurance policy forfeiture value is exempt if bankruptcy was filed over one year prior to the policy being issued.

In Kansas, no tax is due unless the gross value of the estate exceeds $700,000

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