0
A good ratio of both makes a better plan.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
If you received 45000 from a life insurance annuity how much federal tax would you pay?
There is life insurance. There are annuities. Life insurance companies sell annuities, but annuities are not life insurance policies. The answer depends on which one is under discussion. There is no income tax on payouts from life insurance policies. Annuities are purchased. The purchase price forms the owner's (or beneficiary's) basis in the contract; that is, the part that will not be taxed. The remainder of the payout is earnings (interest, usually) that have never been taxed, so are taxable to the recipient. How much tax would be due depends on how much of the $45,000 is taxable earnings, as well as how much other income the recipient receives in the year of the payout.
Where would one purchase Mortgage Term Assurance?
One company from which one can purchase Mortgage Term Assurance is called Legal & General. This company also offers pensions, investments and annuities.
Are there annuities symbols for portfolios?
Annuities themselves do not have symbols, however, for variable annuities, the stocks that the money is invested in within the variable contract would have the symbols associated with those companies.
What can the mortgage company do if you don't have homeownes insurance?
They would typically purchase their own insurance for you and charge you for it. The bank insurance is usually extremely expensive.
Would you trade shares bonds or annuities on a stock exchange?
shares
Financial institutions offering insurance with annuities Where would I look to invest in insurance offering monthly annuities?
Insurance companies or their agents /brokers. Be certain to utilize only highly rated companies.
If you received 45000 from a life insurance annuity how much federal tax would you pay?
There is life insurance. There are annuities. Life insurance companies sell annuities, but annuities are not life insurance policies. The answer depends on which one is under discussion. There is no income tax on payouts from life insurance policies. Annuities are purchased. The purchase price forms the owner's (or beneficiary's) basis in the contract; that is, the part that will not be taxed. The remainder of the payout is earnings (interest, usually) that have never been taxed, so are taxable to the recipient. How much tax would be due depends on how much of the $45,000 is taxable earnings, as well as how much other income the recipient receives in the year of the payout.
What exactly are insurance annuities?
An insurance annuity is when a seller makes payments to a buyer for payment of one large amount of money. You usually would go through a bank to get this process going.
Where can you purchase insurance for your hotpoint appliances?
You can purchase insurance for your hotpoint appliances pretty much anywhere. It is all up to you and your personal opinions about where you would like to purchase your insurance.
How difficult would be to purchase American travel insurance?
It is not difficult to purchase travel insurance if traveling from the United States. There are insurance companies that specialize in travel insurance, such as CanAm Insurance.
Where would one purchase Mortgage Term Assurance?
One company from which one can purchase Mortgage Term Assurance is called Legal & General. This company also offers pensions, investments and annuities.
Under what circumstances would a person need to purchase temporary car insurance?
The circumstances a person would need to purchase temporary car insurance would most likely involve the purchase of a new vehicle. If you were getting a rental car, you might also consider temporary insurance to protect yourself.
Where could someone purchase standard life insurance?
A local insurance agency would be one place where standard life insurance could be purchased. The website "Insure" can also be used to purchase this kind of insurance.
How can one purchase insurance from Ameriprise Auto Insurance?
"Any questions or quote information regarding Ameriprise Auto Insurance can be answered by mailing or emailing a letter, or calling by phone. Calling would be the best option if one would like to purchase Auto Insurance."
Are there annuities symbols for portfolios?
Annuities themselves do not have symbols, however, for variable annuities, the stocks that the money is invested in within the variable contract would have the symbols associated with those companies.
Where is the best place to purchase American Express travel insurance?
"I would imagine that the best place would be the company's website. As long as you have all the neccessary documents, it should not be a problem to purchase insurance there."
Why would you purchase child travel insurance?
You would purchase child travel insurance in case your child loses something that needs to be replaced during the trip. This can include baggage, electronics and/ or money/;
