Is Life insurance in Islam halal? No, life insurance in Islam is not halal; it is haram because typical life insurance breaks 4 Islamic rules: Ghara – uncertainty or deception Maysir –...
Category: Life Insurance
When a life insurance policy's beneficiary gets the death benefit, the money is generally not considered taxable income, and the recipient is not required to pay taxes. Is Life Insurance...
Face Amount vs. Death Benefit – Term Life Insurance Face Value
Residing in the world of uncertainty, it is wise to invest in any form of risk management. Insurance is becoming popular as many individuals protect themselves from potential financial losses and...
Atrial fibrillation (A-fib) is a severe condition that affects the heart and how it pumps blood. It is a type of arrhythmia, or irregular heartbeat, which can result in severe health complications...
Cash benefit life insurance plans offer lifetime coverage combined with a savings policy. A part of the premiums, the cash value, is allotted to the savings portfolio, and this capital increases over...
When a loved one has died suddenly, and you have been designated a receiver of their life insurance payout, you may be curious if, before you collect a settlement, the insurance may have to go...