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Is Life Insurance Taxable?

Is Life Insurance Taxable?
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Why You Should Buy Life and Disability Insurance at the Same Time

Why you should buy life and disability insurance at the same time Izusek/Getty Images Life insurance protects your family in the event of your death. Disability insurance protects your income if you can t work due to illness or injury. Having both life and disability insurance protects your lifestyle and family. You work hard to provide a comfortable lifestyle for yourself and your family. But if an injury prevents you from working, will you be able to maintain your lifestyle?  If you don t make it home and someone relies on your income to live, you need life insurance, Mark Williams, CEO of Brokers International, told Insider.

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