Some of the estate planning strategies in this website depend on the ownership of assets. Alaska, Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin have community property systems. (Alaska’s is elective.) Under such a system, each spouse usually has a one-half interest in property acquired during marriage. If you live in a community property state, bear this in mind as you read over the different sections on estate planning as to how the information relates to your situation.
Final expense insurance also referred to as “funeral” or “burial” insurance, is a life insurance policy that is designated for paying the final expenses of the insured that typically accumulate leading up to and immediately after the insured’s death. It is no secret to anyone living in the United States … Continue reading Final Expense Insurance – What is it and Why Should I Buy It?Read More
Preexisting conditions will usually have a substantial impact on life insurance rates; however, they do not always prevent you from being able to purchase an affordable policy. The good news is the life insurance industry has become very competitive, and insurance companies are now offering life insurance policies to people … Continue reading Buy Life Insurance with Preexisting ConditionsRead More
Life Insurance Terms You Should Know Just like with lawyers, members of the insurance industry use unfamiliar terms when they discuss the various products they represent. Not because they’re smarter than anyone else, it’s just the nature of the industry. Certainly, anytime you’re speaking with an agent, you can … Continue reading Life Insurance Terms You Should KnowRead More