February 7, 2013 
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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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February 6, 2013 0 Comments
With a Return of Premium (ROP) Term Life insurance policy, the insurance company will pay your beneficiaries the death benefit should you die before the end of the term. The benefit of this type of term policy is if you outlive the term of the policy, the insurance company will return to you 100% of [...]
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February 5, 2013 0 Comments
In an article published by Julius Giarmarco, he writes about how owning permanent life insurance will be affected by The American Taxpayer Relief Act of 2012. Mr. Giarmarco makes a short and succinct point about how tax-deferred investments like permanent life insurance will become increasingly popular as a means to provide tax-deferral and tax-free access [...]
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February 1, 2013 0 Comments
LIMRA Researchers Test Americans’ Life Insurance IQ – 70 Percent Fail Recently, LIMRA (Life Insurance and Market Research Association) provided a life insurance IQ test to 4,000 Americans to gauge their knowledge and understanding of life insurance. Less than a third (1,200) passed the 10-question exam and the majority (55 percent) answered fewer than five [...]
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January 30, 2013 0 Comments
Top Resource Internet Web Sites When a loved one needs Elder or Long Term Care it can be frustrating to find answers. Because of this www.LifeInsuranceThinkTank.com has put together a short list of expert resources for you to build your knowledge and understanding of the assistance that is available to you. By all means, this [...]
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January 28, 2013 5 Comments
There are new 2013 tax deductible limits for long-term care insurance (LTCi). Some people, especially older people, may benefit because of this. According to the Internal Revenue Service, tax-qualified LTCi premiums are considered a medical expense. For individuals who itemize tax deductions, medical expenses are deductible to the extent that they exceed current amount required [...]
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January 16, 2013 0 Comments
So your Term Life Insurance policy is about to expire, what happens now? There are several decisions that you need to make. The first and easiest is if you don’t need that amount of death benefit anymore, you can let the policy expire at the end of the term since it fulfilled its purpose of providing [...]
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January 15, 2013 0 Comments
1. You Don’t Buy Enough Coverage When you bought your first policy, it was to cover a specific asset or need that was in existence at that time. However, most times people forget about that first policy and never have another insurance review. That $100,000 policy isn’t going to cover the kid’s college, pay off [...]
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January 9, 2013 0 Comments
It’s Not Your Parent’s Kind of Life Insurance Permanent life Insurance, like medicine and technology, has evolved to the extent that it hardly resembles what it looked like just a decade ago. The basics have remained the same, a death benefit, premiums, and an inside cash value that accumulates over time. What has dramatically changed [...]
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