This is a list of informative Life Insurance videos.
A spouse’s premature death can have a long-term financial impact on you. Even five to seven years after a spouse’s death, more than one-third (36 percent) of individuals surveyed say they remain financially vulnerable.
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New York residents will now be able to use some of their life insurance policy to cover long-term care expenses, according to a press release.
“By passing this law, we no longer burden taxpayers with the long-term care expenses needed by the growing senior population and we’ve given thousands of seniors a creative and costsaving way to cover their care,” said state senator Jeff Klein.
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If you want to make ensure that your estate is to your heirs instead of to the IRS, consider purchasing a guaranteed universal life survivor (GULS) plan. GULS is a special type of insurance, sometimes called “second-to-die life insurance” designed to provide funds after the second insured dies.
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When it comes to investing in a life insurance policy, part of the necessary research includes knowing what the full range of costs and fees will include.
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Keeping life insurers up-to-date about address or any personal information changes is one of the most powerful things a policyholder can do to decrease the chance of running into problems when making a claim, advised the New York State Insurance Department.
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The Department of Transportation proposed making an interim ban on texting while operating commercial vehicles and buses a permanent federal rule.
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First instituted by the Revenue Act of 1924, gift taxes are incurred when there is a voluntary transfer (i.e., gift) of cash or other property from one individual to another that is less than fair market value.
The Internal Revenue Service (IRS) defines fair market value as, “… the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.” Each individual is allowed to donate up to $13,000 in cash or property per donor annually without facing a tax, a practice commonly referred to as the annual exclusion.
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Term-life doesn’t offer the investment features of other types of life insurance, but under a return-of-premium (ROP) policy you’re able to invest in something unique.
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If upon death, you or another income-earning family member has earned a large amount of lifelong income, it’s another near certainty that any survivors will have to pay death-related taxes.
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In the 1960’s, Bob Dylan sang, “The times they are a changing.” For many of the Baby Boomers who heeded that call, the times have definitely changed, especially the state of the economy.
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Selling one’s life insurance policy for a life settlement is a good
Recently, the CDC announced that accident was now the #1 leading
