Annuities, long-term care insurance or a hybrid life insurance / LTC rider are better options than trying to go-it-alone.
39% of U.S. adults care for someone with significant health issues, up from 30% in 2010.
For many years, companies have purchased and owned life insurance policies on key personnel considered essential to the business. In the event of a key person’s death the Company-Owned-Life-Insurance (COLI) policy would pay a tax free benefit to the business – to help fund the business through the transition, recruit a replacement, buy out the […]
Did you know? New York State residents are entitled to a nonrefundable tax CREDIT if you or your business pay premiums for qualifying long-term care insurance policies. How much is the credit? “The allowable credit is 20% of the premiums paid during the tax year for the purchase of, or for continuing coverage under a […]
Your personalized Plan Design will reflect four important selections: Amount. The maximum daily or monthly benefit. (Choose monthly. ) Period. The number of days or months the benefit will apply. (Maximum ten years.) Inflation Protection. Elimination Period. The amount of time you will wait after eligibility and before benefits are paid. Listed below are the ten […]
In this brief Paramus Post guest article, the writer points out how term (temporary) life insurance compares to whole life (permanent) protection. http://www.paramuspost.com/article.php/20130823064506873 Holding both resident and non-resident licenses, I am available to answer your life insurance policy questions. Call 800-503-1972 or Schedule a Complimentary Consultation
New York State Department of Financial Services announced $386 million of unclaimed life insurance benefits has been paid to over 25,000 New York residents. Previously, if a family member did not know there was a life insurance policy, or forgot to file a claim, the benefit went unpaid. Unclaimed money is transferred to the state […]
4 Benefits of Buy-Sell / Business Continuation Planning Part 2 of 5 Click here and a mp3 audio narration will open in a new window Guarantee a Buyer – A Buy-Sell agreement benefits the selling partner’s family by providing a guaranteed buyer. And, the remaining partners are protected against the sale of a partner’s interest to […]
The Basics of Buy-Sell / Business Continuation Planning Part 1 of 5 A Buy-Sell / Business Continuation Sell agreement should be considered in every closely held business. This agreement, or arrangement, defines the disposition of an owner’s interest in the business, yours or a partner’s, upon the specific triggering event such as a partner’s death, […]