This article was posted by Today’s Physician. An expert points out financial pitfalls for new doctors. DO YOU DREAM about how much money you’ll make once you’re finished training and about all the things you’ll finally be able to afford? If you’re like many new physicians, a nice car and a big house probably top the[…]
Life Insurance is a simple answer to a very difficult question: How will my family manage financially when I die? It’s a subject no one really wants to think about. But if someone depends on you financially, it’s one you cannot avoid. There are many types of life insurance, but for all of them the bottom[…]
If your loved ones will suffer financially when you die, you are in need of a life insurance policy to help support your family after your death. Having a life insurance policy can help protect your family when they may need it most, but what happens if you are declined for life insurance? Even though it’s not[…]
Falling in love changes everything in your life, including insurance needs. That is especially true for couples who eventually marry. Once two hearts become one, insurance can help smooth out the bumps that inevitably arise in a couple’s life together. For example, coverage can help protect the couple’s most valuable asset, the ability to earn[…]
1. What does a life insurance trust do? Irrevocable life insurance trusts give you more control over your insurance policies and the money that is paid from them. It also lets you reduce or even eliminate estate taxes, so more of your estate can go to your loved ones. 2. What are estate taxes? Estate[…]
Uses of Life Insurance Life insurance is present in almost every estate plan and serves as a source of support, education-expense coverage and liquidity to pay death taxes, pay expenses, fund business buy-sell agreements and sometimes to fund retirement plans. For small estates, the amount of applicable exclusion ($2 million per person per estate), death[…]