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Name your Beneficiary Wisely
When you purchase a life insurance policy, you must name the person, persons or entity (e.g. trust) that will receive the death benefit of your policy upon your death. The amount of unclaimed death benefits in the U.S. is staggering. … Continue reading
How Life Insurance Can Benefit Same-Sex Couples
The New York Times recently an article calculating the average costs incurred by same sex couples when compared to their heterosexual counterparts and found that an average same-sex couple will end up paying anywhere from $30,000 to nearly $212,000 over … Continue reading
Are you Prepared for Death?
Before you start looking at the religious and philosophical answers to this question, I have to quickly warn you that this discussion leans more toward the material than the spiritual. What I am going to address today are those actions … Continue reading
Survivorship Life Insurance Protects Special-Needs Dependents
Do you have a loved one who is dependent on you or your spouse for care? In many cases, special-needs children and adults are completely dependent on one or both parents to provide ongoing assistance with the activities of daily … Continue reading
Survivorship Life Insurance and Special Needs Children
Everyone has thought about what will happen when they pass away. What will happen to our savings? What will happen to our homes? What will happen to our families? No one wants to leave their loved ones with unpaid debts … Continue reading
Uncertain Times for Estate Planning
Unless Congress gives us a last minute reprieve, the Federal Estate Tax will revert to the rates in effect on January 1, 2001. This means that any estate greater than $1,000,000 will be taxable at 41%, while estates worth more … Continue reading
Senior Life Insurance
We get a lot of inquiries for senior life insurance, even for life insurance for age 85 and older. Does it make sense? Obviously, the older one gets the higher the premium (price) for life insurance. Is it a good … Continue reading
Estate Planning and Life Insurance
Let’s start with a definition of estate planning: Estate planning includes the steps to set up what you or you and your spouse do with your assets after death. Proper estate planning includes steps to minimize legal and financial problems, … Continue reading
What is survivorship life insurance and how do you use it?
Survivorship life insurance, also known as joint and survivor life insurance or second to die life insurance is a special type of insurance that covers two people, usually man and wife, and pays the benefit after both have died. In … Continue reading
