Corporate-Owned Life Insurance (COLI) – Could Your Corporation Benefit? Corporate-Owned Life Insurance (COLI) policies are designed for corporations and partnerships to have flexible life insurance policies where they are both the owner and the beneficiary. You may be interested in securing such policies for your corporation if you want to informally fund a Deferral and Supplemental Executive Retirement Plan (SERP). Your...more
Evaluating Life Insurance Needs – What Mistakes to Avoid If you are interested in getting a life insurance policy, you have already avoided the first big mistake in regards to life insurance, which is the failure to consider it as a worthwhile option. Life insurance brings the truth of mortality into the forefront of your thoughts, but pretending that you will live forever is not a realistic way to view your life. You need to...more
Life Insurance and Taxation – Know the Particulars Life insurance is advertised as being "generally" free from taxes. This means that the funds paid out from your policy—either the death benefit itself or cash value if you have a policy that this applies to—are tax free in most situations. However, unless you take the right approach, certain kinds of taxes may apply depending on your situation. Here are some of the particulars you will be interested to know. Estate taxes will not apply to the death benefit itself unless the insured possesses incidents of ownership. This is easily avoided. However, estate taxes are still of interest to life insurance policy holders because life insurance may be obtained in the first place to help offset estate taxes that heirs will be subject to when their parents die. If the benefactors receive a property or other non-monetary form of inheritance, there may be no funds with which to pay estate taxes. To avoid liquidating the inheritance for the sake of paying taxes, beneficiaries can use the funds paid out from the life insurance policy to cover these costs. Income taxes are of interest in various areas of life...more
Defining Long Term Care Insurance Although the benefits of long-term insurance are often discussed in many online and printed publications, most Americans have little knowledge on how this type of insurance exactly works and how long term care cost can affect them.Statistics shows that more and more people in the United States are...more
The Downsides Of AARP Daily life Insurance Despite the fact that AARP lifestyle insurance coverage is a very well-identified lifestyle insurance item, there are a variety of significant drawbacks that can stop a lot of from obtaining the protection that they so readily want. If an individual is unable to get protection since of...more
Long Term Care Insurance Features and Riders Aside from filling out application forms and listening to a long discussion with the insurance agent, many consumers fret all those puzzling bells and whistles that are pegged in most long term care insurance policies. The various features and riders—plus the complicated language—used by companies directly affect consumers from buying a policy. To help you lessen the pressure of understanding intricate terms and selecting the best options for your policy, these are some of the crucial things you need to catch up on your LTCi policy and determine the difference between features and riders: What is insurance long term care, exactly? This type of insurance provides coverage for all levels of care – home health care, assisted living, and nursing home care—which are all flexible for the changing needs of policyholders. This is paid through monthly premiums, and the benefits are flexible enough to meet your maximum dollar amount on a daily or weekly basis. FeaturesFeatures are simply the benefits you wish to include in your LTC policy, but they usually increase the amount of your premiums. Note: Don't confuse...more
Various Long Term Care Insurance Riders Long term care insurance is one of the most complicated types of insurance found in the market today. However, this is a special type of protection that covers the staggering costs of care for...more
Why Insure for Future Care? Have you ever experienced caring for an old and frail spouse, parent, sibling, or loved one? If yes, you are surely aware of the problems associated to caring for the elderly, more particularly if financial...more
Wholesome Life Colors and their particular Symbol There are varied good reasons why individuals turn out to be unhealthy. On leading of the list is unhealthy life-style which entails smoking for the extent of producing it as component...more
Buying Investment Property And Term Life Insurance It's important to protect family and interests in life and after. People who are charged with the responsible finance and upkeep of their families should work to secure those interests...more
Quality Care At Auto Body Shops In Minneapolis If you are looking for quality service for your vehicle in Minneapolis, an auto body shop is your safest bet. Not only are you assured of expert care for your vehicle, these shops offer a...more
Life Insurance Quotes Can Help You Get the Best Life Insurance Policy Insurance coverage is something that is considered obligatory these days, especially life insurance. Life is unpredictable and we need best life insurance to be...more