• Last updated Jun 21, 2019 at 3:54PM | Published on Apr 13, 2018

There are numerous ways to use life insurance to help pay for estate planning but the use of an Irrevocable Life Insurance Trust (ILIT) is a place to start. This article reviews what that Irrevocable Life Insurance Trust is, what it does and when one should use one. This obviously … Continue reading Life Insurance for Estate Planning

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  • Last updated Jun 1, 2019 at 9:05PM | Published on Oct 25, 2017

joint life insurance

A joint life insurance policy is an alternative for couples who would like to provide for each other if one of them passes away. Life insurance for couples and partners is an important component of financially supporting your spouse or partner, and buying a joint life insurance policy can be … Continue reading Why Choose Joint Life Insurance?

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Oct 25, 2015

life insurance for non-breadwinner

Are you working?” I asked the young mother of two whose husband was purchasing a life insurance policy for himself. She answered, “no, I’m a stay at home Mom.” The husband told me they had thought of purchasing a policy for her, but since life insurance is “income replacement,” they … Continue reading Do I need life insurance even if I’m not the bread winner?

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Aug 5, 2015

You have three basic choices for estate planning (your property transfer on death): the will, which is the standard method; the living trust, which is rapidly growing in popularity; and beneficiary designations for assets such as life insurance and IRAs. If you die without either a will or a living … Continue reading Estate Planning – Property Transfer on Death – Wills and Living Trusts

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There are numerous ways to use life insurance to help pay for estate planning but the use of an Irrevocable Life Insurance Trust (ILIT) is a place to start. This article reviews what that Irrevocable Life Insurance Trust is, what it does and when one should use one. This obviously … Continue reading Life Insurance for Estate Planning

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Aug 1, 2015

irrevocable life insurance trust

  There are numerous ways to use life insurance to help pay for estate planning but the use of an Irrevocable Life Insurance Trust (ILIT) is a place to start. This article reviews what that Irrevocable Life Insurance Trust is, what it does and when one should use one. This … Continue reading Irrevocable Life Insurance Trust

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Jun 17, 2015

  Answers to Fundamental Questions about Estate Planning Estate planning can be simply defined as the complete process of planning an estate. The components of a successful estate plan would include: Estate creation and conservation during the owner’s life; The minimization of estate shrinkage at death; The creation of adequate … Continue reading Estate Planning

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Survivorship life insurance, also known as joint survivor life insurance or second-to-die life insurance, insures two lives and pays the death benefit upon the death of the second insured person. This type of policy is typically used for estate planning purposes but is also often used for parents of children … Continue reading Survivorship Life Insurance

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Apr 15, 2014

Minor Beneficiaries of Life Insurance Policy

Because we write a lot of life insurance for families with young children, this question comes up frequently. As you have purchased life insurance to protect your family’s financial future, it is important to ensure that your minor children are properly covered financially in the event of your death. If … Continue reading What if My Beneficiaries are Minors?

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  • Last updated Jun 21, 2019 at 3:54PM | Published on Nov 21, 2013

spending your kids inheritance

One hundred years ago, the life expectancy for men was 50.3 and for women 55, according to Berkeley.edu. Today, it is 73.8 and 79.6, respectively—and the baby boomer generation (people born between 1946 and 1964) is expected to live longer than any generation before it. Not only are Americans living … Continue reading Your Boomer Parents Are Spending Their Inheritance – And Yours

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