Life Insurance Basics

Life insurance is a type of coverage that pays out a lump sum of money when you die. People purchase it for a number of reasons, including to provide income replacement, pay debts and funeral expenses, and build savings.


The death benefit is tax-free and can be paid to a beneficiary, or heirs. Some policies also pay out dividends. To learn more, visit

A life insurance death benefit is a sum of money paid to your beneficiaries when you die. You can choose a specific death benefit when you buy a policy, and the amount may vary depending on your age and other factors. For example, if you have a young family, you may want to get a larger death benefit to cover funeral expenses and other final costs. However, the death benefit can also be used to pay for a mortgage, college tuition, or other long-term financial goals. A financial advisor can help you determine how much life insurance coverage you need.

The death benefits of a life insurance policy are tax-free and can be used for any purpose by the beneficiaries you name. You can choose to receive the death benefit in a lump sum or as an installment payment. A lump-sum payout will give your beneficiary a large sum of money at once. A fixed-income payout will provide a guaranteed amount of income for a period of time, such as 10 years. The portion of the death benefit that isn’t paid out earns interest, which can be taxable.

Many people use the death benefit of a life insurance policy to pay for their final expenses, including funeral and other expenses. Others use it to replace lost income or to fund retirement plans. The amount of the death benefit that is paid depends on your circumstances, but you can find the right policy for your needs by consulting a financial planner or an estate planner. In addition, you should consider how you would like your beneficiaries to spend the money. Many people prefer to leave their loved ones a lump-sum of cash. However, some people also use the money to invest in a diversified stock portfolio or other assets that will grow over time.

It pays a tax-free death benefit

In general, beneficiaries don’t have to pay taxes on the death benefits that they receive from life insurance policies. However, there are some exceptions to this rule. For example, if the death benefit is paid to a beneficiary before the insured dies and it exceeds the estate tax exemption limit, it may be subject to taxation. Also, if the deceased person was the owner of a whole life insurance policy and sold it for cash, the sales proceeds may be subject to income tax.

For most people, life insurance is an important part of their financial planning strategy. This is because it allows them to provide for their loved ones and pursue their financial goals after their death. In addition, it provides a significant lump sum payout that can help them cover debts and other expenses.

Most life insurance policies have a cash value that you can withdraw or invest, although this will reduce the amount of the death benefit. The tax treatment of the cash value varies by state and by policy type. However, most insurers will not charge you for a withdrawal from the cash value as long as you don’t withdraw more than your policy basis. This is because the IRS considers this a form of income.

Some life insurance policies have accelerated death benefits that allow you to access part of your death benefit while you’re alive, for medical purposes. These benefits are generally not subject to taxes, but they will reduce your death benefit. It is best to consult a financial professional and a tax advisor before making any decisions on your life insurance policy. This is especially true if you’re considering naming minors as beneficiaries, since this can lead to a lot of complications.

It has a cash value

Cash value life insurance is a type of permanent life insurance that has a savings component in addition to a death benefit. The insurance company uses a portion of each premium payment to build up the cash value, which is invested in a separate account within the policy. The policyholder can access the money in the form of a loan or withdrawal, but the amount borrowed must be paid back to prevent the policy from lapsing. The insurance company may charge interest on the loan, but this is subject to state regulations and can be capped at a certain level.

A significant part of whole life and universal life insurance policies accrues cash value. It can take years before a large amount builds up, but it can provide substantial benefits when the time comes to cancel the policy. These benefits are based on the assumption of investment gains, mortality charges and fees, and expenses. Typically, only a small percentage of the premium is used toward the cash value.

The insurance company will usually allow you to withdraw funds from the cash value of your life insurance while you are still alive. This allows you to supplement your retirement income or pay for other expenses. However, if you withdraw too much of the cash value, your death benefit will decrease. Moreover, you will have to pay taxes on the portion of the cash value that came from your investment returns.

You can also withdraw the cash value of your life insurance policy if you surrender it. This is a good option if you want to keep the death benefit but need to stop paying premiums. Generally, the amount of money you can draw from your policy is limited by the total amount of outstanding loans and the death benefit.

It has a grace period

A life insurance grace period allows policyholders to maintain their coverage even if they miss a premium payment. Depending on the policy, this grace period can last for up to 30 days after the premium due date. A life insurance grace period can also help prevent a policy from lapsing and allow for its reinstatement before the death of the insured.

Life insurance companies are required by state laws to provide a period of time after the premium due date that allows policyholders to make the missed payment and bring their account current without a penalty. This period is known as a grace period, and it is usually specified in the policy terms. Most life insurance policies have a grace period of at least 30 days, but some may extend it up to 60 or 90 days.

A lapsed life insurance policy can still be reinstated, but it will be more difficult than simply paying during the grace period. In some cases, the life insurance company will require a new application and a medical exam to see if the policyholder is insurable. The life insurance company may also want to know more details about the reason for the lapse, such as whether the policy was canceled because of a change in job or marriage, or if there was an error in the application, such as an incorrect age.

During the grace period, the life insurance company will continue to pay out benefits, but any outstanding premiums will be deducted from the payout. In addition, the policy may be subject to late fees and other charges. Some life insurance companies also charge a fee to reinstate a policy after the grace period expires.

It has a contestable period

The contestable period in life insurance is a short window of time when the insurer can investigate a death claim. It is a standard part of most life insurance policies and usually lasts for two years after the policy starts. During this time, the insurer can deny the claim or delay paying out the death benefits until they can confirm the facts. This is a necessary step to prevent life insurance fraud. However, it should be noted that it does not keep honest policyholders from receiving their claims.

When you apply for life insurance, the company will ask a series of questions about your health. They will also require a medical exam to assess your risk and determine the cost of your coverage. If you lie on your application, the insurance company will find out and will not be able to pay out your claim. The best way to avoid this is to be completely honest on your application.

In addition to examining your medical records, the insurance company will review public sources and conduct a recorded phone interview with you. If they find that the information you provided on your application is accurate, they must pay your beneficiary.

The reason for the contestability period is that some people are tempted to buy a life insurance policy after a terminal illness and die within a short period of time. This is not only unethical, but it can also be fraudulent. The contestability period protects the insurance companies from fraud, but it is not meant to stop honest policyholders from getting their claims. For instance, if a person dies of lung cancer within the first two years after buying a life insurance policy and they failed to disclose that they were smokers, their claim can be denied.

Choosing the Right Exterior Painters

Whether you’re trying to modernize your home with the latest color trends, or you need a more historically/architecturally cohesive look, exterior painting is an important project to get right. Choosing the right exterior painters can help you achieve your goals. Contact Painter Anchorage AK for professional help.

Exterior Painters

In addition to a beautiful finish, high-quality paints also protect your home from weather damage and insects.

Boosting your home’s curb appeal can make a significant impact on how potential buyers perceive and value your property. This includes a range of factors, including the colors and condition of your exterior paint, the landscaping of your property, and even the details like house numbers or door hardware.

Whether you are trying to sell your home in the near future or just want to improve the look of your property, finding a reputable exterior painting contractor can help. Not only will a professional painting job improve your home’s aesthetics, but they can also help you avoid common mistakes that often lead to costly repair bills in the future.

Curb appeal is a major factor when it comes to selling your home, as the first impression that buyers have of your property can determine whether or not they even want to take a closer look. Many buyers will walk away from a property that does not have attractive landscaping or a clean, well-maintained exterior. If you want to make sure that your home is attracting the right attention, consider working with an exterior painter for a fresh coat of paint and some other simple updates.

A good landscaper can also work with you to create a welcoming entryway for your home, complete with a new front yard garden or planting beds. This can give your home a more established look and add a pop of color to complement your home’s exterior. You may also want to consider adding some textured elements, such as stone or brick, to your walkways and driveways.

Other small improvements can also have a big effect on your curb appeal, such as replacing outdated or worn exterior hardware and fixtures. For example, a shiny oil-bronze lockset and handle set can be an instant draw for prospective buyers, while brushed nickel or brass can give your home a more contemporary look.

Increasing your home’s curb appeal can be a fun, rewarding project. It can also provide a sense of accomplishment that you can enjoy for years to come, and it can help you build a good reputation in your neighborhood for being someone who takes pride in their property.

Resale Value

A fresh coat of paint is one of the easiest ways to add value to your home. It can transform a faded and unattractive facade into a showstopper that commands attention and drives up the selling price. In fact, a study by the National Association of Realtors found that homeowners who spend about $3,600 on exterior painting can recoup more than half of their investment when they sell the property.

In addition to improving curb appeal, a new coat of paint can also help protect the exterior of your house from harsh weather conditions. High-quality exterior paint provides a barrier that prevents moisture from seeping into the walls and causing mold, mildew, and other damage. In addition, it shields the wood from deterioration and insects and helps maintain the integrity of your home’s structural elements.

When choosing an exterior paint color, it is important to consider the preferences of potential buyers. Certain colors may evoke certain emotions or create an outdated appearance, while others are timeless and can appeal to a wide range of tastes. A neutral color scheme is generally a good choice, as it complements most architectural styles and blends well with the surrounding neighborhood. However, incorporating pops of color or embracing popular trends can also draw attention and set your home apart from the competition.

Hiring an experienced exterior painting contractor is crucial to ensure a smooth and professional job. A reputable company will provide a detailed contract, a clear timeline for completion, and regular updates on progress. In addition, they will use quality products and professional equipment to ensure a long-lasting finish.

While it is true that a new coat of paint can add value to your home, the condition and color of the exterior are the most significant factors in determining resale value. A home with chipping, peeling, or cracked paint is instantly less appealing and will be seen as a major turnoff for prospective buyers. Even if the exterior is in otherwise good condition, these imperfections can drive down the selling price and reduce your return on investment.


The best way to get the most out of your exterior paint and stain is through regular maintenance. This will help to prolong the life of your paint job and protect your home or business from damage. A few key things to keep in mind are:

Clean Surfaces

Even if your paint is in excellent condition, dirt and grime can cause stains. This is particularly true of areas that receive a lot of moisture. It is important to regularly wash your siding, trim and window sills with a mild detergent to remove debris, mold and mildew. If necessary, use a pressure washer with a low setting to remove stubborn spots and residue.

Repairing Damaged Surfaces

Harsh weather conditions and environmental factors like saltwater exposure, pollution and industrial emissions can damage painted surfaces. In order to avoid extensive damage and costly repairs, it is vital to address problems like peeling, cracking and bubbling immediately.

It is also a good idea to apply a second coat of paint, especially on new or well-prepared surfaces. This will help to seal the surface and prevent moisture infiltration that can cause further deterioration of the surface and potential wood rot.

Keeping Gutter and Downspouts In Working Condition

Inspecting gutters and downspouts on a regular basis is another important component of exterior painting maintenance. Often times, homeowners overlook the importance of ensuring that downspouts are properly channeling water away from the building. When a gutter or downspout fails, it can lead to damage to the walls and foundation of the structure. In addition, it can lead to mold and mildew growth and rust on metal fixtures.

Applying A Clear Sealant

While most commercial and residential buildings are constructed of durable materials, they can still be damaged by harsh weather conditions. Using a clear sealant can provide an extra layer of protection from the elements, helping to maintain the durability and longevity of your paint job.

As you can see, there are many benefits to hiring a professional exterior painter for your business or home. Whether you are looking for a fresh coat of paint or just need some touch-ups, a professional can make all the difference. If you are interested in having your home or business painted, contact the experts at Poulin Lumber today!


Painting a home’s exterior may seem like a simple task, but it is more challenging and dangerous than you may realize. A professional painter has years of experience in this field, and they take safety seriously. Besides working on ladders, they must also move around obstacles such as fences and landscaping. To prevent accidents, it is recommended that they clean the area before arriving. Tripping hazards should be removed and any items that can cause harm to the painters should be put away. This includes any flammable materials such as rags and paint thinner.

In addition to cleaning the surrounding area, a good painting crew must ensure that they use proper ventilation when applying the coating. This is because paint fumes can be irritating to the lungs. It is also advisable that they wear gloves to protect their hands from the harsh chemicals used in the painting process. They should also make sure that they use a ladder with proper safety features and that it is secured.

The painter must also protect their eyes by wearing protective eyewear. Harmful particles of paint and other chemicals can easily get into their eyes, which could lead to injuries and blindness. Injuries and damages are a big headache for the homeowner, and it is important to hire professional exterior painters that have insurance policies to cover any costs that might arise from an accident at the worksite.

Another benefit of hiring a professional exterior painting company is that they can help with the preparation of the house for the job. This can include washing the walls and removing any loose debris that needs to be removed. This is essential for a smooth, even finish and for avoiding future problems such as rot or mold growth.

A good exterior painter will also perform a thorough inspection of the entire house to look for any underlying issues that need to be addressed. This can include things such as rotting wood, mildew, or damaged siding that need to be repaired before the paint job begins. Performing these repairs early will save the homeowner money in the long run and prevent larger problems from developing down the road.

Why Hire a Junk Removal Service?

Junk Removal Louisville can help you get rid of all kinds of junk, from old furniture and appliances to large safes and lawn equipment. They also can recycle much of what they haul, which helps reduce the amount that ends up in landfills.

Junk Removal

A full-service junk removal company will come with a truck and dumpster, and they’ll load all of your trash for you. This option is best if you have large or heavy items that are difficult to maneuver on your own.

If you have old furniture or appliances you don’t use anymore, getting rid of them can be challenging. Leaving them out on the curb for trash pickup is one option, but this can cause problems with your neighborhood’s homeowners association. Plus, it’s not very safe for the environment or passersby to have your stuff sitting out on the street for long periods of time. Another option is to hire a junk removal service.

A junk removal company will haul away all of your unwanted items and properly dispose of them. They will transport your junk to a sorting facility where they will pull out anything that can be recycled, donated, or repurposed. This helps to keep plastics out of landfills and oceans, helping to slow the environmental crisis that we’re facing today. In addition, it also gives back to local communities by bringing reusable items to people who need them.

Many junk removal companies will recycle as much as they can, helping to reduce the amount of waste that ends up in our landfills. However, not all of them are created equal. Be sure to research the different companies to find out what their policies are on recycling and donation. Some companies may simply dump all of their junk in a landfill, which is bad for the environment and for local communities.

Some junk removal companies will take your unwanted items and donate them to charity thrift shops or to vocational schools and job training programs for the homeless or people with disabilities. This is a great way to help out your community and give back, while also saving you money on junk removal costs.

Other items that are commonly disposed of by junk removal companies include sofas, mattresses, televisions, computers and other electronics, yard equipment, construction debris, and office furniture. Be sure to check with each company before hiring them to ensure that they will accept the types of items you have. It’s also a good idea to get quotes from several junk removal services before making your final decision. This will help you to save money and find a company that is right for your needs.

De-cluttering Your Home

Whether you’re moving, renovating, or just tired of tripping over clutter, junk removal companies can help you clean up and regain space in your home. These services are similar to waste management firms that pick up your trash on a regular basis, except they’ll permanently haul away junk that you don’t want or need anymore. Some junk removal companies even go so far as to separate items that can be recycled from those that should be thrown away, which helps reduce the amount of garbage that ends up in landfills and prevents some unwanted materials from reaching oceans, where they may cause harm to wildlife.

Oftentimes, it’s difficult to tell what should be kept and what should be discarded. For this reason, it can be a good idea to have friends or family members walk through your home while you’re de-cluttering and make suggestions about what should stay and what shouldn’t. Then, when you’re ready to actually throw things away, the decision will be much easier.

A professional junk removal company can also be helpful when it comes to getting rid of heavy, bulky items that aren’t easy for homeowners to move on their own. Some examples of this include large safes, furniture that’s too heavy to lift, lawn-care tools, and other equipment that’s too big for the average household trash can. Junk removal services will usually have a team of professionals that can easily get these types of items out of your home and into a truck for disposal.

One last thing to consider when deciding whether or not to hire junk removal services is what happens to the items that are hauled away. Many companies that specialize in this type of service will have a recycling center where they can separate out any items that can be recycled or donated, which is good news for the environment and for the people who may benefit from these efforts.

If you’re in the process of selling your home, a top real estate agent can help you prepare it for sale by finding a junk removal service that can handle the heavy lifting and ensure that your property is in tip-top shape before potential buyers see it. They can also suggest ways to develop systems and routines that will keep junk out of your house once it’s gone.

Cleaning Up Your Yard

Whether you’re cleaning out an estate, renovating your home or business, or just have a lot of stuff that needs to go, junk removal services can be helpful. These companies will haul away unwanted items for you, and often times they will donate or recycle as much as possible. They are also great for removing large, heavy, or difficult-to-maneuver items like sofas and appliances. In addition, they can help with larger cleanup projects like yard debris, construction waste, and even furniture and equipment from an office or retail space that is closing or moving to a new location.

Junk removal is not the same as regular trash removal, where a company will provide you with a bin that you fill on a weekly basis. Instead, these junk removal companies will come to your house or business on a scheduled day to remove all of your unwanted garbage. They will load it into their truck and haul it away, typically to a local landfill or recycling center.

Most junk removal companies are socially responsible and environmentally conscious, so they go the extra mile to ensure that any items that can be donated or recycled are separated out from those that need to be thrown in the trash. They may also take old appliances and furniture to charity thrift shops, or they might send them to vocational schools and job training programs so that they can be used as part of the learning process.

If you’re considering working with a junk removal service, do your research before making a decision. Look for a company that has positive reviews and an established history in the community. You can also ask friends and neighbors for recommendations, or search online for companies in your area. It’s best to work with a company that will be able to accommodate your schedule and budget. With a little bit of research, you can find the perfect junk removal service for your needs. They can make the cleanup process a whole lot easier!


If you’re getting ready to move and have a basement or other area of your home that is stuffed with junk, you can take advantage of junk removal services. These companies will get rid of your unwanted items and even donate them to charity if they’re salvageable. They also have the knowledge and resources to dispose of junk in a safe and environmentally responsible way.

The competition in the junk removal industry keeps pricing low for customers. You can typically find a company in your area by doing an online search or asking friends and neighbors for recommendations. The best thing to do before hiring a junk removal company is to research and compare at least three different providers based on their availability, prices, and disposal methods.

Most people have a spot in their house that collects junk, such as an attic or “junk room.” Oftentimes these places are full of unused items that just seem to accumulate and grow in size. If you’re ready to clear out some space in your house, hire a junk removal service to remove everything from unwanted furniture and appliances to yard waste.

Unlike movers, junk removal professionals will permanently haul away your unwanted items and dispose of them properly. They’ll separate items to be recycled, donated, or discarded, and can help you sort through your belongings to make the right decisions. They also have the equipment needed to safely and efficiently remove large and heavy items that you wouldn’t be able to transport yourself.

Junk removal companies can handle residential and commercial jobs of all sizes. They work on property cleanouts for clients who are preparing to sell or relocate, as well as homeowners who need to get rid of old or broken items. In addition, they can clean up after natural disasters and illegal dumping. Their crew members use disinfectant sprays and personal protective equipment to ensure their safety when working on hazardous waste or animal dander cleanup.

Many junk removal companies offer both truck and dumpster rental options for their clients. With truck hauling, the company will send a team to your home with a large truck that has a dumpster in the back. The team will load your unwanted items into the dumpster and haul it away when you’re finished. The truck hauling option is ideal for homeowners who need to clear out a space over the course of a few days or for those who are undertaking a major cleaning project like a home renovation.