The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.
The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.
According to a new study from LIMRA and Life Happens, two nonprofit industry trade associations, a record-high number of American adults — approximately 102 million — either do not have life insurance or do not have enough coverage.
On Valentine’s Day this year, you could try something different to show your love: Think about your estate plan and how you can protect and provide for your loved ones.
You may associate the month of December with giving holiday gifts, but it is also a great time for you to think about the valuable estate planning opportunity presented by year-end gift giving.
Assets such as life insurance, annuities, pension plans, 401ks and IRAs have beneficiary designation forms as part of the set-up process. ACTEC Fellows Frank T. Adams and Richard R. Gans dig into the complexities around beneficiary designations so that viewers understand the essential facts.
Much of the life insurance purchased over the past 15-20 years for estate planning purposes was of a type known as guaranteed universal life insurance. It was (and is) popular in estate planning because it was generally less expensive to buy than traditional whole life, yet it came with a guarantee such that the risk…