This is our top headline for Life Insurance.
Simply, an annuity is a periodic payment to stop at a specific time or date but continue throughout a fixed period. The income paid out may be received annually, semiannually, quarterly and monthly. It depends on the agreement and most chose a monthly payment.
Read More
Historically, one of the main reasons to set up an irrevocable trust has been to avoid or minimize any potential estate tax, but now there are other planning purposes for these trusts. An advantage of life insurance trust is that it removes the life insurance from the estate of the insured. You should carefully consider who the trustee is and discuss the ramifications with your attorney.
Read More
During the underwriting process, life insurance companies will evaluate an applicant’s drug and alcohol history to determine their risk to the company.
Read More
Classification of annuities cover the number of lives covered, time when payments commence, method of premium payment and nature of the insurer’s obligation.
Read More
Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies enables a group to offer its products through separate distribution channels, to more efficiently meet the regulatory requirements of particular states, or to achieve other organizational goals. There are an estimated three hundred company groups. Moreover, not every group has a company licensed to operate…
Read More
How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but, if you’re like most people, you may find the thought of shopping for the right type of coverage a little daunting. Fortunately, these eight simple steps can guide you along the way. 1. Determine whether you actually need life insurance Most people do, but not everyone. If no one depends…
Read More
A study conducted by the Employee Benefit Research Institute shows that Americans are more unprepared for retirement than they believe.
Read More
Overweight does not mean that you will develop diabetes or even eating too much sugar will cause it alone.
Read More
So as many Baby Boomer parents help their children and save for their own retirement, grandparents are saving and planning for their grandchildren’s college education with life insurance
Read More
Every adviser, financial columnist, and relative has his or her own, perfect method for determining the right amount of life insurance. The three most commonly used methods are multiple of income, cover your debts, and human life value concept.
Read More
Selling one’s life insurance policy for a life settlement is a good
The insurance industry is a powerful kingpin, with a total of $1.22
