Insurance Brokerage From Top Rate Companies

Insurance Brokerage America offers spreadsheet quotes from most of the top rated life insurance brokerage companies and pays general agent commissions! Are you a licensed agent wanting to earn general agent brokerage commissions from most of the top rated brokerage companies?  Learn More About This Brokerage Opportunity >>


Insurance Tax Facts

See What Our Insurance Brokerage System Has To Offer!

New insurance tax legislation and developments:

  • Tax Relief for 2010 provided by the American Recovery and Reinvestment Act of 2009
  • Roth IRA Conversions for 2010
  • Taxation of life settlements
  • Regulations on employer comparable contributions to HSAs
  • Guidance on COBRA premium subsidy
  • First-time homebuyer credit and how to allocate among more than one buyer
  • Relief for losses from Ponzi Schemes
  • New Section 7520 valuation tables
  • New charitable gift annuity tax

Do I have to pay tax on a life insurance death benefit?

Based on today's tax laws, generally, no, you don't have to pay tax on a life insurance death benefit.  However, if the amount you receive from the insurance company includes interest paid, the amount of the interest is subject to income tax. Note that even if the proceeds are not subject to Federal income tax, the entire amount received could be subject to Federal estate tax or state inheritance tax.

If you choose to receive a life insurance death benefit in installments you may be able to exclude a part of each installment from your taxable income on your tax return.  The insurance company will tell you what portion of each installment represents taxable income.  Because the tax laws are always changing, it is important to check with a tax advisor whenever any tax questions arise.

IRS Circular 230 Notice: Any federal income tax information contained in this document was not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding IRS Code penalties that may be imposed on the taxpayer.  Such information was provided to support the promotion or marketing of the transaction (s) or matter (s) addressed by such information.  Tax payers should seek advise based on their particular circumstance from an independent tax advisor.



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Get The Best Term Life Quote
For Your Client

Insurance Brokerage provides you with the latest technology to search for the best term life insurance quote for your client-

Our brokerage spreadsheet quoting system allows you to examine "by underwriting class" all of our top companies as they apply to your specific client needs.

Download top company life insurance quotes -

Get appointed with the company that best suits your clients needs-

Download top brokerage appointment forms-

Get a state specific term
life insurance application-

Insurance brokerage affords the agent an easy way to access all of the forms for all of our companies.

Request state specific brokerage life application forms-

Mail completed forms to -

  Insurance Brokerage America

  National Marketing
  P.O. Box 30248
  Charleston, SC 29417
  800-406-6303     843-769-9804 fax

Product Information Tools

Carrier Profiles And Links
  Products Information
  Permanent Products Information
  Underwriting Requirements
  Capital Needs Analysis Calculator

A Tale Of Two Agents

Captive Agent

An agent working exclusively for a single firm. He or she is obliged to submit business only to that firm, or at least give that firm first rights of refusal on the case.

Captive agents that are non-established are usually paid on a combination of salary and commissions earned from selling the policy contract. Also, the firm usually provides its captive agents with an allowance for office expenses as well as employee benefits such as pensions, life insurance, and health insurance. 

The established captive agent is usually paid exclusively on a commission basis.  This type of agent will tend to have more in-depth knowledge of that firm's policies, however, he or she will hardly ever be equipped to offer the industries' best price on any particular product offering.

Independent Agent Broker

Simply said, independent agents are appointed to sell policies from many insurers. The agent is independent from all insurers thus, the independent brokerage agent's responsibility is solely focused on evaluating the client's needs and the pricing of the product chosen.

While searching for the brokerage market's best place for a client's business, independent agents pay all their own expenses and keep their own records and earn their income from brokerage commissions on the policies they sell.






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