Tag Archives: Baby Boomer
how to maximize your legacy estate planning

How to Maximize your Legacy Estate Planning

Even though Congress has increased the estate tax exemption to $5.12 million for individuals and $10.240 million for couples, you still need to understand the threat of estate taxes on your legacy planning.  Even though Congress has labeled these exemptions permanent, will they be changed in the future by another congress and president to fix [...]

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how to handle life insurance beneficiary designation

What is more important, your Will or your Life Insurance Beneficiary Designation?

  Most people are often unclear about this complicated, yet simple question. A Will is a legal document that sets forth your wishes regarding the distribution of your property and the care of your minor children.  Life insurance is a legal contract between you and the life insurance company who issued the policy.  The simple [...]

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How often should life insurance reviews be done

Life insurance policy reviews: How often should they be done?

If you’re reading this and you haven’t had a life insurance review in the last 12 months, NOW is the time to have a life insurance review.  In fact they really should be called “Annual Life Insurance Reviews” so policy holders understand they should be completed every year. Did you know that an estimated 75% [...]

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Life insurance an additional asset class

Life Insurance: An Additional Asset Class

Back in a January 11, 2009 Palm Beach Daily News, an article by R. Marshall Jones, JD, CLU, ChFC titled “Life Insurance: An Additional Asset Class in Difficult Times,” the author makes the following observations about whole life (or permanent) insurance companies in the wake of the 2008’s economic turmoil: “Fortunately, the life insurance industry [...]

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how to minimize taxes due on estate transfer with life inusrance

Using Life Insurance for Estate Planning

How to Use Life Insurance for Estate Planning As Ben franklin said, “…in this world there is nothing certain but death and taxes.”  Life insurance can help you when both of those situations occur.  Obviously not the aspect of death, but it can definitely manage the tax aspect of his comment. As humans, one of [...]

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what types of term life insurance is available today

What types of Term Life Insurance is available today?

Understanding Term Life Insurance When you’re considering term life insurance, you need to understand the different types of term life available today.  Term life is the least expensive insurance available today and if used correctly could be the best insurance for you.  In fact many people supplement permanent life insurance (universal, indexed universal or whole [...]

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what can I do with the cash in my life insurance policy can I borrow cash from my life insurance policy

What can I do with the cash in my Life Insurance Policy?

According to the U.S. Census Bureau, couples at the age of 65 have a 50% chance of living to 92 years of age. In order to have enough resources to take care of one’s medical and recreational needs advanced preparation must take place. Furthermore, many statistics indicate that 54% of Americans have less than $25,000 [...]

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wwhere can I get answers to my long term care questions

Long Term Care Insurance; Are there Other Options?

When we speak to consumers, they tell us they want long-term care insurance but hate paying for something that they may never use.  Several of them have likened it to going to the dentist; something that is often necessary, but just as often avoided at all costs.  Because of the true cost of long-term care [...]

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is long term care worth paying for

What choices do I have when my Long Term Care premium increases?

The Facts As a policy holder you have several choices. Currently, 70% of the people over 65 years of age here in the USA need some type of LTC care.  According to the U.S. Census Bureau, in 2010, 66% of nursing home residents were women, and only 16% of all residents were under the age [...]

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