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2. How life insurance payouts work - AOL

   www.aol.com/finance/life-insurance-payouts...

   Having a life insurance policy is one way to provide financial security after your death. Life insurance policies offer a payout known as a death benefit, but how much is paid out and under which ...

3. Life insurance death benefits - AOL

   www.aol.com/finance/life-insurance-death...

   Death Benefit Type. Description. Payout Conditions. All-Cause Death Benefit. Covers most causes of death, found in traditional life insurance policies (term, whole, universal life).

4. Choosing a life insurance beneficiary - AOL

   www.aol.com/finance/choosing-life-insurance...

   Specific percentage: With this type of payout, each of your named beneficiaries receives a certain percentage of your life insurance death benefits. If you have two children, for example, you ...

5. What does life insurance cover? - AOL

   www.aol.com/finance/does-life-insurance-cover...

   Life insurance does not pay out for certain deaths, such as suicide, within the first two years. ... Generally, life insurance payouts, also known as death benefits, are not subject to income tax. ...

6. What is an irrevocable beneficiary? - AOL

   www.aol.com/finance/irrevocable-beneficiary...

   When you name a beneficiary on your life insurance policy, you designate who will receive the payout upon your death. But when you choose an irrevocable beneficiary, you make a firm decision.

7. What are contingent beneficiaries? - AOL

   www.aol.com/finance/contingent-beneficiaries...

   However, because minors cannot directly receive life insurance payouts, the death benefit would typically be held in a trust or custodial account, such as a Uniform Transfers to Minors Act (UTMA ...