diabetes

Life Insurance with Diabetes

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Secret Weapon for Life Insurance with Diabetes Obtaining life insurance with diabetes may be challenging at times, perhaps you were dropped from coverage or you may be afraid to apply for fear of being declined. In this informative article, we will equip you with the very best advice, which means…

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Exam VS No Exam Term Life Insurance

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Many life insurance companies motivate the concept of no exam term life insurance as it’s more suitable for the client and clearly, more appropriate for the agency of term life insurance that doesn’t call for a health exam. Allow our professionals to get the coverage you need and help you…

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age 60

Life Insurance for 60-Year-Olds

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LIFE INSURANCE AFTER AGE 60 Among the things that tend to be a constant source of shock to most 60-year-olds; is just how cheap life insurance can be for them. In fact, this couldn’t be farther from the truth. We always recommend people to run through a life insurance quote…

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sleep apnea

Life Insurance with Sleep Apnea

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Having sleep apnea is an additional challenge to accommodate, the last thing you’d like to do is stress yourself concerning getting life insurance. Insurance companies even refuse an applicant or generally would give them a lot higher monthly obligation. Thankfully, due to a great deal of data revealing how sleep…

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Life Insurance Quotes 101

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Overall you should find a company that is minimally rated A and preferably an A+ or more. Remember this is your money you are spending and that the benefits may not appear for many years. These are two good reasons to make sure you have the right company for your life insurance.Obtaining life insurance quotes online is quick and easy. We can start our search for life insurance at our convenience any time of the day or night. If we want to find life insurance quotes at 3AM, then we can! Searching online for quotes also presents us many options.

Before you invest your hard-earned money in a life insurance policy, shop around and compare just as you would with any other investment. The best way to go about this is to obtain life insurance quotes from reputable companies. And in order to get an unbiased life insurance quote, search for a independent life insurance broker who can get quotes from all the life insurance companies.

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tax

Federal Estate Tax Exemption for 2017

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Thе IRS rесеntlу аnnоunсеd thе еѕtаtе еxеmрtіоn lеvеlѕ fоr 2017, аnd thеу соntіnuе tо іnсrеаѕе аѕ реr legislation раѕѕеd іn Jаnuаrу 2013. Thе аррlісаblе еxсluѕіоn аmоunt frоm Fеdеrаl еѕtаtе tаx wіll іnсrеаѕе tо $5.49 million реr реrѕоn аllоwіng a mаrrіеd соuрlе tо ѕhеltеr $10.98 mіllіоn frоm Fеdеrаl еѕtаtе tаx, the rаtе fоr whісh іѕ сurrеntlу ѕеt аt 40%. Thе lіfеtіmе еxеmрtіоn frоm gіft tax rеmаіnѕ соuрlеd wіth thе еxеmрtіоn from Fеdеrаl еѕtаtе tаx, аnd thеrеfоrе, thіѕ еxеmрtіоn wіll аlѕо іnсrеаѕе tо $5.49 mіllіоn реr реrѕоn.Thе аnnuаl gіft еxсluѕіоn аmоunt wіll rеmаіn аt $14,000 реr реrѕоn. Vіrgіnіа соntіnuеѕ not tо impose a ѕtаtе-lеvеl еѕtаtе tаx. Mаrуlаnd’ѕ еxеmрtіоn frоm еѕtаtе tаx wіll іnсrеаѕе tо $3 mіllіоn whіlе thе Dіѕtrісt оf Cоlumbіа’ѕ еxеmрtіоn wіll rеmаіn аt $1 mіllіоn untіl сеrtаіn rеvеnuе ѕurрluѕ tаrgеtѕ аrе mеt, whісh mау nоt bе untіl 2018, аt whісh роіnt thе еxеmрtіоn wіll іnсrеаѕе tо $2 mіllіоn.

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business black man thinking

When Indexed Universal Life (IUL) Makes Sense

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Mortgages, taxes, and lower income. Life after retirement can be difficult without a proper retirement plan. Individual Retirement Accounts (IRA) seemed great when first unveiled, but quickly unraveled with many limitations. To curb this challenge, Roth IRA plans provided a profitable means for getting retirement benefits, with the ability to combine a potential for tax-free withdrawals and no required minimum distributions turning the Roth IRA into a powerful retirement income-planning tool. However, Roth IRA rules can make contributing to them, and withdrawing from them more complicated than initially thought. In fact, any client with a large IRA or 401k has a tax problem. Enter Indexed Universal Life (IUL) insurance, an IRS approved source of tax-free retirement income – which doubles as a proper retirement plan, and a life insurance policy. The Indexed Universal Life (IUL) insurance policy, when properly set up by a licensed financial professional, offers tax advantages no other single product can provide.

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Life Insurance – Myth Vs. Reality

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Term life insurance has numerous advantages. However, understanding term life insurance and its benefits requires examining the myths surrounding it; and there are a many myths about life insurance. The life insurance myths outlined in this article can result in too little coverage, thus causing financial hardship for families suffering the loss of a loved one. In order to avoid this from happening to you, we’ve taken a close look at the most common misconceptions about life insurance. Therefore, we are going to set the record straight–helping you to make the right life insurance decision for you and your family.
Myth #1: I don’t work outside the home so I don’t need life insurance.
False! Simply because there’s no paycheck to replace, doesn’t mean life insurance is unnecessary. A life insurance policy that provides coverage for a stay-at-home parent isn’t so much about the money they bring in to the household, but instead about the money they keep in the household.

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estate planning life insurance

Estate Planning Tailored to You

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There are several reasons to put an estate together. One of the main reasons is for those with grown children that want to ensure that their assets are divided and distributed equally. Adding a life insurance policy to an estate plan can help anyone from all walks of life, rich or poor, young or old.

Estate Planning 101
One common misconception in purchasing a life insurance policy is to name your estate as the beneficiary. This is not a wise decision. If you list your estate as the beneficiary, then the proceeds of your life insurance policy will first have to go through probate. The probate process can take months and even years to finish. Courts place estates through probate to ensure that the will left by the deceased is valid. While your estate is in probate your heirs will not be able to access any of the money paid out by your life insurance policy. This could be a problem, especially if the family was counting on using some of those funds to pay for your funeral expenses and immediate debt.

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