・The FAFSA does not count the cash value of a life insurance policy as an asset. ・A life insurance payout may count as income if it’s reported on your tax return. ・Once that payout sits in a checking, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

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