Probating an estate without a will is typically costlier than probating one with a valid will. However, the time and cost required of each are still high. Also, since the proceedings of a probate court are publicly recorded, avoiding probate would ensure that all settlements are done privately...
The rate on an indexed annuity is calculated based on theyear-over-yeargain in the index or its average monthlygainover a 12-month period. In years when the stock index declines, the insurance company credits the account with a minimum rate of return. A typical minimum rate guarantee is abo...
1. Determine your eligibility The first step to opening a Roth IRA is finding out if you're eligible. The criteria for Roth IRA eligibility are fairly straightforward and based on modified adjusted gross income (MAGI). Generally speaking, you can open a Roth IRA and contribute the maximum ann...
There are also a few options at the policy anniversary when the interest and mortgage capital balance are recalculated. You can reduce the term length or reduce the monthly payment or it’s possible to keep the same monthly amount and term as with a usual mortgage, in order to pay your d...
The level of income calculated based on a so-called "rated age" is usually greater because the insurance company expects the duration of the income stream to be shorter, i.e., the company expects to make fewer payments. What constitutes a "Serious Medical Condition"? The following are ...