You may have heard good things about section 1035 exchanges and life insurance but are unsure about exactly what is a 1035 exchange.
LifeNet Solutions Blog
An irrevocable life insurance trust (ILIT) can be a vehicle for avoiding the payment of unnecessary estate taxes.
You understand that you should tell your life insurance agent the good. But what about the bad and the ugly? Yes, you should really tell all. The insurance company is going to find out anyway.
They can do a lot for you...but not all independent life insurance agents work the same way. Some people say a little knowledge is a dangerous thing. Others that a little is better than none. When it comes to an important decision like life insurance, knowledge is very important. Life insurance is intricate and involves protecting your family (or business, or estate), so be smart and use an independent agent to simplify the process.
As we Baby Boomers age, we are thoughtful about what we will do if we get ill. Who will take care of us? Will we stay at home or go to a nursing care facility? And perhaps most importantly, how will we pay for this care we need? You have life insurance to protect your family in the event of your passing, but what do you have to protect your family if you have a long illness?
You're over 50 years old and looking for life insurance. Whether you are replacing coverage or getting new coverage, with so many different options available, how do you know you are getting the best prices?
You finally decided it was time to get life insurance and protect your family, estate, or business. Surprise, surprise, the insurance company you applied with isn't in sync with you and they decline to offer cover, or offer coverage at a rate that you can't afford. What options do you have after being denied life insurance?
Did you know that each carrier has somewhat different underwriting guidelines regarding smoking? That's right. When you get a quote for life insurance and you smoke, you need to get to the right carrier for your smoking usage to get the best offer.
Wouldn’t it be nice if as seniors, we could all afford the kind of life insurance coverage that protects our estate, keeps our families’ comfortable and ensures quality of life for future generations?
In today’s world, we have more expenses than ever before and finding cheap life insurance for seniors, can be a challenge. In an ideal world we would maximize our coverage and our savings without compromising security. And even though there’s no way to get around paying higher fees in older age, there are ways to keep your costs down as your age goes up.
When getting life insurance for seniors over 80 you need to understand the different types of policies available. Only by understanding them can you determine which policy is going to best suit your needs. Whether you are looking for yourself, or for your parent(s) or other family member, the type of policy you choose will determine the face amount available, what kind of underwriting is required and the pricing.