Estate Planning and the Family Business F amily members can wreak havoc on even the most carefully constructed estate plans. Introduce a valuable closely held business into the equation and disaster can result. The challenge is to distribute the estate according to the client's wishes while keep-...
Life insurance comes in two basic forms: term & permanent. Term insurance provides basic affordable coverage for a set period, while permanent plans provide greater flexibility and a cash value option.
Many of them give you the ability to customize policies through purchasing riders. Some of these include enhanced cash value, overloan protection, estate protection, and accidental death benefit.Some of Prudential Life’s term life insurance policies have online applications, but you may not be ...
Expert advice about retirement planning, annuities, and life insurance. Financial planning seminars. Southern California, Los Angeles area.
Life insurance proceeds — the lump sum of money abeneficiaryreceives when a person covered by alife insurance policy, also called theinsured, dies — are not typically subject to taxation.[1] However, if a life insurance payout becomes part of a large estate, if you have a life insurance...
Life insurance is often used in estate planning to help replace income and transfer property.
Writing your life insurance in trust means that the payout will go directly to your beneficiaries upon your death instead of being part of your estate. As your life insurance proceeds won’t be counted as part of the value of your estate, this money won’t be subject to inheritance tax....
The insurer also offers a stand-alone policy called the Liberty Series Estate Maximizer Next Generation®. This is essentially whole life insurance you purchase with a single payment. The insurance is then yours for your lifetime. This Liberty Mutual whole life insurance plan is primarily of ben...
Whole life insurance: As a type ofpermanent life insurance, these policies do not have an expiration date as long as you keep paying the premiums.Whole lifecan be useful for lifelong needs and is often a key component ofestate planning. Whole life insurance can also includecash value, which ...
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.