Integrated Financial Services of Washington

“The best way to appreciate your job is to imagine yourself without one.”

Insurable interest is proof that a person who takes out a life insurance policy on someone else has a substantial and lawful emotional or financial interest in that person’s continued wellbeing.

In life we will do everything we can to help those we love. Life insurance allows us to ease financial associated stress after we pass. It will provide cash benefits to cover final expenses, help replace income from you and add some protection.

Tax Tip: Insolvency is a state where an individual or organization can no longer meet financial obligations with lender(s) when their debts come due.

Many tax credits are “refundable credits.” This means you can receive a refund even if you owe no income tax. Common examples available to students and parents are the earned income tax credit and the premium tax credit.

“Opportunity is missed by most people because it is dressed in overalls and looks like work.”

Around 65% of adults that don’t have life insurance say they don’t know how to buy a policy or aren’t sure what life insurance is right for them.

With Life Insurance the beneficiary is the individual who receives proceeds from a life insurance policy at the death of the insured. A beneficiary who is less than 18 years old must be represented by a legal guardian or a public official.

Fast Fact: The “Cash Surrender Value: is the cash amount you would get if you voluntarily terminate coverage before a policy becomes payable by death or maturity.

Self-employed workers need to account for FICA taxes. In addition to your income taxes, remember to also account for your Social Security and Medicare taxes.