Life Insurance & Taxes
The concept of life insurance is steeped in taxation issues. For term life policyholders, the most pressing tax question concerns their beneficiaries: will the death benefit of the policy be received tax-free? … read more…
ON DRIFTING, WAVY WORDS: Life insurance
It is an insurance company’s promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums. After taking the decision to buy a life insurance, the next step is choosing the type of … read more…
Life Insurance Trusts | Life Insurance Knowledgebase
Is life insurance trust a good idea for you? Well, if you are looking to reduce your estate tax liabilities, setting up a life insurance trust may be in your best interest, as well as that of your heirs and beneficiaries. read more…
From Google Blog Search
Annuities Help Retirees Secure An Income for Later in Retirement
One aspect to living is that we never know when we’ll die. Having saved money for their retirement income, retirees often worry that they’ll outlive their savings since life expectancies are increasin… read more…
A Guide to Term Life Insurance And Cheap Insurance Rates
When it comes to purchasing life insurance, everyone’s main concern would always be its cost. While insurance plans can be paid on a monthly, quarterly, half-yearly or annual basis, the worry is alwa… read more…
Looking For Higher Returns On Your CDs?
Have rates on your CDs been going down? If you’re tired of not earning any money on your CDs look no further than a Fixed or an Equity Indexed Annuity.
To start, let’s look at the definition of a… read more…
From GoArticles.com
Life insurance is affordable now, but that will not last (Sun-Sentinel)
Act fast; rates projected to rise While the economy is down, consumers have a chance to pick up something that everyone should have in their personal finance toolkit for a great price right now: life insurance. read more…
Tech That Could Save Your Life (Forbes)
Funding for newfangled health devices is on the rise. You could be the beneficiary. read more…
Judge OKs start of claims process in National Life Settlements case (Austin American-Statesman)
A judge approved the first step Monday toward potentially paying back Texans who invested with a Houston company that is accused of scamming retired teachers, state workers and others out of more than $20 million. read more…
Open Question: I live in Ohio. Real estate / will question?
I solely own the house that my bf and I live in. I’m scared that something will happen to me (you never know) and I want to make sure that he will be able to stay in the house. Can I make out a will, and leave the house to him? I want to get a life insurance policy large enough to cover paying off the house, and burying me. If I make him the beneficiary on the life insurance, and I will the house to him will that basically ensure he can stay there?
Open Question: executors ,wills,401k?
Is the executor of a will the one to administer funds from all of the deceased estates .Example Joe the deceased leaves Fred his brother as executor he leaves his 401k to his nephew a life insurance policy to his sister and bank accounts to his mother . Would the 401k company call the nephew and send a check and the life insurance call the sister the bank the mom etc or is all this pooled into the estate then settled with Fred who is the executor disburses everything . How will anyone know they are a beneficiary if the executor does not tell them . Also Fred had power of attorney even though Joe was coherent . before Joe passed with power of attorney could Fred have changed beneficiaries while Joe was alive .
Open Question: Should I ask to be the beneficiary?
My 72 year old grandfather is very ill. He has a lot of life insurance policies scattered around. But, this is my real concern. My grandparents raised me since I was 4 months old. My grandmother passed away November 2007. She had bank accounts and a policy and the bank account money was given to my two aunts. They are 40 and 45 years old. I feel offended by that because, I was the one that lived with her up until and while she got sick. I was the one who used to lose sleep and wake up to her crying in pain. I suffered with her. When she passed, I lost my best friend. She passed away in front of me. My aunts only came around during the day when she was fine and fixed her dinner. But, I WAS THERE the whole time. When it came time to read her will, they didn’t let me know about when they were meeting the lawyer and later said to me, “oh yeah, you got her clothes, jewelry and furniture.” When I asked about her bank account, they looked shocked because they didn’t know that I knew about it. I got worldly things that I don’t need although I cherish them and they got money that could’ve helped me tremendously in life.
NOW…my grandfather (their father) is sick. All of a sudden, one of my aunts is VERY pushy. She is going behind his back (in my apartment that I share with him) while he is now in the hospital and searching through his safe and personal belongings. She mentioned that he wanted to be cremated and “i wanna know who is his beneficiary and executor of estate.” I don’t feel she should be the beneficiary at all. She’s a single 45 year old working woman with no children. I’m 22 years old, with debt that my birth mother created and I’m struggling on my own through school. I feel that I would best benefit from this if I was the beneficiary of his insurance policies. BESIDES, she was awarded money from my grandmother and she saving it for this “house” she claims she’s getting and she goes shopping all the time.
I’m depressed because of all of this. At times like this I would consult my grandma but, now I’m all alone and I’m not sure what I should do…
Some may view it as tacky but, I’m not meaning to sound money hungry. My grandfather is very secretive and we know he doesn’t have a will. It’s just that this one aunt that I have is being very pushy about money! She talking about how he never paid for a wedding so, she deserves something, she doesn’t want my uncle (who left home at 18 to join the military over 30 years ago) to have any money because he wasn’t around. I’m hurt by all of this because, I will be the one left alone with messed up credit and debt because of my birth mother using my social security number. My aunt just wants the money to buy a house and go shopping. Where as I need it to start a freaking life.
I know he should decide what he should do with his estate but, as a family I want him to know how I feel about the situation. And plus he doesn’t know she’s plotting by going through his stuff.
I don’t know who to put as my beneficiary for my life insurance… who wants dollars in the event of my untimely death?
Posted by er1n via Twitter
(Sharing: -*http://lifeinsurance.chokyi.com/how-life-insurance-settlements-work) – How life insurance settlements work: The amount of money paid to your life insurance beneficiary after your death …
Posted by chokyiooi via FriendFeed
Harry Gross: Woman discovers she’s still listed as beneficiary on late ex-husband’s IRA
Posted by wopular via business
Harry Gross: Woman discovers she’s still listed as beneficiary on late ex-husband’s IRA
Posted by wopular via news
[New RightOnClick.com Post] Determining How Much Life Insurance You Need: The amount of life insurance that you need depends on how much money your beneficiary would need if y… http://ping.fm/yKeKL
Posted by amberclark via FriendFeed
Claims Examiner, Sr
Posted by defcon via Monster Job Search Results Marketing
Claims Examiner, Sr
Posted by defcon via Monster Job Search Results Marketing
National › Only wife’s heirs can get insurance money in joint deaths: top court
Posted by dffrnt via Japan Today: Japan News and Discussion – National
Recently Being Discussed on FriendFeed
Leave a comment