A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...

The County-City Building in Lincoln serves as the home to courtrooms in Lancaster County. (Paul Hammel/Nebraska Examiner) LINCOLN — Who deserves $3.6 million in life insurance proceeds: the family of ...

After a home secured by a reverse mortgage was damaged in a fire that resulted in the death of the borrower and one of their adult children, the lender is eligible to receive insurance proceeds from ...

Life insurance proceeds, typically paid directly to a beneficiary, are not generally subject to income tax as they're seen as reimbursement for a loss. However, exceptions do exist. For instance, if ...