New York life insurance is chosen based on the requirements and goals of the owner. It’s vital to note that death benefits from all types of life insurance are generally income tax-free. Life insurance is among the pillars of personal finance. I’d even go so far as to say it’s essential for most.
Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance. Maybe this is because of life insurance’s complexity, the posture of those who sell it, or merely our preference for avoiding the topic of our demise.
But armed with the essential information, you can simplify the decision-making process and arrive at the right choice for you and your family.