Insurance Expert's Page

Posts by Insurance Expert

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Posting Time

Subject
81 Posted: September 26 2009 10:01:25 It's not uncommon at all for the owner and the beneficiary to be the same person.

K...
82 Posted: September 25 2009 11:48:41 It's probably pretty stupid to cancel the policy that your mother opened for you.

Y...
83 Posted: September 25 2009 11:45:18 AnMarie, I don't understand your last post. You seem to be saying that you have to get your spouses...
84 Posted: September 25 2009 12:57:36 I would challenge you to think about this differently. Let's say that he has a $250,000 policy and ...
85 Posted: September 25 2009 01:03:55 The mother was capable of making decisions. She's very sharp. She didn't need the money. Ultimat...
86 Posted: September 25 2009 12:56:53 DON'T CASH OUT!!!!

It might make sense to do it, but you must get approved for a new ...
87 Posted: September 21 2009 07:09:52 Ok. Here's an example. Jim invests $200,000 for 20 years. Let's assume that it's IRA money so tha...
88 Posted: September 20 2009 02:57:07 Yes, the primary beneficiary will have to send written documenation that they don't want the money. ...
89 Posted: September 19 2009 07:08:39 There seems to be one overriding reason for failure. Most agents don't do what is needed to be done...
90 Posted: September 19 2009 07:01:33 Did you look at the expenses of the variable annuity? The guarantees of the VA make the worst case...
91 Posted: September 19 2009 06:59:48 The beneficiary can disclaim the benefit. It's important that she does this properly so that she do...
92 Posted: September 17 2009 11:57:42 NeedHelp, come back because this could be interesting. It's really difficult to follow your post.
93 Posted: September 17 2009 09:31:13 It has very little to do with the age of the insured. It is more the financial reality that when so...
94 Posted: September 16 2009 09:15:26 A variable annuity is not an appropriate investment for a 26 year old who wants income.
95 Posted: September 15 2009 12:05:49 Yes, the premiums will be taxed as income. The concern isn't paying taxes on a few premium dollars...
96 Posted: September 15 2009 12:00:40 They aren't trying to scare her. Income taxes will be owed on the gain. Money that has previously...
97 Posted: September 14 2009 11:49:36 Shoot. My post disappeared. A policy will never automatically belong to the insured. If the owner...
98 Posted: September 13 2009 08:05:25 The language of the beneficiary designation doesn't create a trust, but the money will need to be de...
99 Posted: September 13 2009 12:31:38 Stolen from the Social Security Website:

Supplemental Security Income (SSI) is a Fed...
100 Posted: September 12 2009 09:20:44 If she answers the questions honestly, she will be covered as soon as the policy has been approved a...