life insurance
Income Taxes and Employer-Owned Life Insurance
It’s almost February, which means everyone should be receiving their w-2s and 1099s if they haven’t already. While we don’t cover tax issues as a general rule, we think it’s worth mentioning the way death benefits from corporate- or business-owned life insurance are handled. Before 2006, death benefits from the types of life insurance mentioned […]
Read moreLife Insurance Helps Benefit Charities
If there are charities you’ve supported during your life, its absolutely appropriate to want to support them after you’re gone, with a final bequest. One way to do this is to use your life insurance policy. By leaving your life insurance death benefit to the charitable organization of your choice, you’ll be able to make […]
Read moreFriday Filmstrips: Suze Orman on Life Insurance
Life Insurance is a tricky thing, and while we don’t necessarily agree with Ms. Orman 100%, we think her perspective is worth sharing. What do YOU think? Is Term Life the only way to go???
Read moreFriday Filmstrips
Want a scary statistic? 62% of bankruptcies are related to medical bills. Did you know that if you have life insurance with living benefits you could keep yourself out of bankruptcy? This week’s Friday Filmstrip explains:
Read moreTips for Choosing a Life Insurance Website
There are a ton of websites out there offering life insurance. Picking one as the source for your quote requires some analysis. Here are some tips: Choose one website that represents many major life insurance companies, rather than wasting your time going from site to site. Whether you go through a broker or directly to […]
Read moreEstate Taxes and You
So, unless a miracle occurs, at the beginning of next year, the Federal Estate Tax will revert to the rates that were in effect ten years ago, on January 1, 2001. By the numbers, this means that estates worth $1,000,000 will be taxed at 41%, those above $3,000,000 would be taxed at 55%, and the […]
Read moreNet Premiums up for First Time in 2 Years
A new report released by A.M. Best & Co shows that the American life/ health industry’s nine-month net premiums risen increased 2.6% to $424.2 billion, the first such increase since the end of 2008. The same report also shows that admitted assets have improved 4.6 percent to $5.1 trillion since year-end 2009, aided by what […]
Read moreFriday Filmstrips: Life Insurance 101
For many of us, life insurance is something we know we should have, but we’re not quite sure why. This week’s Friday Filmstrip explains it. Enjoy.
Read moreLife Insurance after a Heart Attack? You Bet!
There’s no surprise that having “heart attack” listed in your medical history is a giant red flag when it comes to applying for life insurance, but even so, you are not automatically deemed “uninsurable” nor will your premiums always be astronomical. Depending on the treatment protocols you have used, the severity of your condition, and […]
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