Need Massachusetts Life Insurance Quotes?

Purchasing life insurance in Massachusetts 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 Massachusetts life insurance.

Insolvency coverage is limited to $300,000 in life insurance death benefits but not more than $100,000 in net cash values for life insurance 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. Life insurance proceeds are exempt if the beneficiary is a married woman.

In Massachusetts, the estate tax is figured according to the Internal Revenue Code in effect at the end of 2000. The threshold and exempt amount is $950,000 in 2005.

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