LIFE INSURANCE
| --Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE AT: - Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also provides periodic income, which takes care of family needs. Life insurance payable, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt, and and fund education tuition costs. SOUTH FLORIDA, CALL THE AGENT AT: |
| Life Insurance Clauses Determine Your Coverage Do you have a life insurance policy? How many times have you gone through your policy document? Once or maybe twice, right? And do these important clauses like incontestable clause, spendthrift clause or reinstatement clause mean anything to you? If you are totally clueless about terms like these, don't worry, this is the right article for you.  Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also provides periodic income, which takes care of temporary needs like mortgage repayments, education etc. However, in order to make sure that your life insurance policy will provide for you family when you can't, you need to understand the product you are buying. Here we'll cover some sections of life insurance policies that you need to be aware of. Beneficiary Clause The main aim of life insurance is to transfer wealth to your heirs or to provide liquidity to your family. For that reason, you need to name a beneficiary who will receive the life insurance proceeds after your death. This beneficiary can be your spouse, children or relatives. You also can change your recipient's name any time during the term of the policy. However, if you still have not nominated a beneficiary, then your family is going to be in some trouble. The insurance money will go to your estate and the probate fees needed to settle your estate can dig a big hole in your surviving family's liquid assets. Therefore, it is always practical to have a primary and a contingent (secondary) beneficiary in your policy. For example, you can choose your wife as a primary beneficiary and your children as contingent beneficiaries. That way, in case your spouse also dies, your children will qualify for the insurance money. You pass through various phases in your life: marriage, divorce, a new business, the birth of your child and more. Consequently, you need to stay with the changing times by updating your beneficiaries to adjust for those events. Preference Beneficiary Clause If you have not nominated a beneficiary in your policy, your insurance company will disburse the life insurance money to the individuals listed in your policy. Presume that the order of priority in your policy is: 1) your spouse, 2) your children, 3) your parentts. If the proceeds are distributed, they will go the first living individual which, in most cases, will be your spouse. Survivorship Clause According to this clause, after your death, the policy proceeds will go to the beneficiary - for example your wife - but only if the beneficiary survives you by a stated number of days. Misstatement of Age Clause Your age plays an important role in determining adequate life insurance coverage. The older you are, the higher the premium that is charged. Therefore, if you lie about your real age to reduce your premiums you may to pay a huge price for it. In this situation, your insurer may choose to cancel your policy entirely, increase your premiums or adjust your policy amount. Incontestable Clause Your insurance company is entitled, usually during the first two years of the policy, to challenge the validity of your policy on the basis that you held back material information. If you are found guilty of concealment, your insurer will void the policy and return the premiums. For instance, if you concealed the important fact that you are a heavy drinker in order to get a lower premium and your insurer finds out about this lie, it will not pay the claim on your death if it occurs during the first two years of the policy. However, after the two-year period, your insurer cannot revoke the policy and has to pay the insurance money to your family without any opposition. Despite this clause, there are exceptions in which the insurance company will not have to pay the claim, such as in cases of deliberate fraud, where your insurer may opt to contest your policy even after the two-year period. This is the most important clause of your life insurance policy and, therefore, you should make sure that this clause is included in your policy and that you are familiar with the specified time limit. Spendthrift Clause If you have named your gambler son as a beneficiary, there is a chance that upon your death, your son's creditor may pounce on your life insurance proceeds. The spendthrift clause gives the insurer the right to hold back the proceeds and protect them from creditors. In this case, your insurer may prefer to pay the insurance money in installments to your son. Suicide Clause The suicide clause in your policy specifies that the insurance company will not pay the money if the insured attempts or commits suicide within a specified period from the beginning of the coverage. If the insured's death is a result of suicide, an insurer will only return previously paid premiums to the family. War Clause Normally, insurance companies do not compensate for death due to war or war-related developments. As per this clause, if you are a victim of war, your insurer will not pay out the benefits to you. In its place, your insurer will reimburse the previously paid premiums to your family. Aviation Clause According to this clause, your insurer will not pay compensation to your surviving family due to death on an airplane. Conversely, if you are an airline employee, you can buy aviation insurance by paying higher premiums. Free Look Period / Free Examination Period If you are not satisfied with the terms and conditions of the policy, you can return the policy within a specified period after receiving it and your premiums will be fully refunded. Here, the time frame will vary depending your insurer. Grace Period Clause There are times when you cannot pay the premiums as a result of financial troubles. In these circumstances, the "grace period" provision works in your favor. Your insurance company will provide a grace period within which you can make the necessary monetary arrangements and pay your premiums. During this time, you will continue to be covered by your insurance policy. If you still do not care to pay your premiums, your policy may be cancelled. If you die within the grace period, your insurer will pay the insurance money after subtracting the unpaid premium from that money. Reinstatement Clause If your policy has lapsed due to non-payment of premium, you can revive it by paying all the past outstanding premiums along with interest. However, you need to prove to your insurer that you continue to enjoy good health to qualify for this provision. Conclusion If you haven't yet taken the time to understand your insurance policy, you should do so as soon as possible. Life insurance is an asset if you know how to make the most of it, but many choose not to bother with insurance jargon and instead choose to blindly follow their insurance advisors - this choice can have serious consequences for you and your family. Your knowledge of the insurance clauses described above can give you an upper hand when purchasing life insurance and can help you ensure that your insurance coverage works in the best interests of your family. |
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KNOWLEDGEFINANCIAL.COM
LIFE INSURANCE: Ways to Reduce Your Life Insurance Premium; Learn the importance and benefits of life insurance in real life. Life Insurance
Clauses Determine Your Coverage! Cashing In Your Life Insurance Policy! Life Insurance Distribution And Benefits and beneficiary. ------
SOUTH FLORIDA, CALL A REPRESENTATIVE AT: 786-631-7740
Clauses Determine Your Coverage! Cashing In Your Life Insurance Policy! Life Insurance Distribution And Benefits and beneficiary. ------
SOUTH FLORIDA, CALL A REPRESENTATIVE AT: 786-631-7740
INSURANCE: WAYS TO MAKE MONEY & SAVE
MONEY ON YOUR INSURANCE. 15 Insurance
Policies You Don't Need
Five Insurance Policies Everyone Should
Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long
way toward helping you safeguard your earning power and your
possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse,
children, and other dependents with the funds necessary to maintain their
standards of living, can help repay debt, and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting
your insurance premium (age and family medical history), there are steps
you can take regarding the third - lifestyle. You could lower your insurance
premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity”
comes from the Latin for “year”. In the context of life insurance, it is a
contract between you and an insurance company under which the
insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-care
It’s always much easier and much less complicated choosing healthcare
coverage from your employer.
MONEY ON YOUR INSURANCE. 15 Insurance
Policies You Don't Need
Five Insurance Policies Everyone Should
Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long
way toward helping you safeguard your earning power and your
possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
Life Insurance
Life insurance, payable when you die, can provide a surviving spouse,
children, and other dependents with the funds necessary to maintain their
standards of living, can help repay debt, and
can fund education tuition costs.
Ways to Reduce Your Life Insurance Premium
While you can't do anything about two of the three main factors affecting
your insurance premium (age and family medical history), there are steps
you can take regarding the third - lifestyle. You could lower your insurance
premium if you:
Annuities & Pensions Insurance
Basically, an annuity is just a series or stream of payments. “Annuity”
comes from the Latin for “year”. In the context of life insurance, it is a
contract between you and an insurance company under which the
insurance company pays you money for a stipulated period.
Things to Remember When Buying Health-care
It’s always much easier and much less complicated choosing healthcare
coverage from your employer.
Cashing In Your Life Insurance Policy
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a possible source of
funds - but should you tap into it?
There are certainly some drawbacks to using life insurance to meet immediate cash needs, especially if you're compromising your long-term goals or your family's financial
future. Nevertheless, if other options are not available, life insurance, especially cash-value life insurance, can be a source of needed income
Methods of Accessing Cash
Cash-value life insurance, such as whole life and universal life, builds reserves through excess premiums plus earnings. These deposits are held in a cash-accumulation
account within the policy.
Cash-value life insurance offers the opportunity to access cash accumulations within the policy either through withdrawals, policy loans, or partial or full surrender of the
policy. Another alternative involves selling your policy for cash, a method known as a life settlement.
Be sure to bear in mind that although cash from the policy might be useful during stressful financial times, you could face unwanted consequences depending on the method
you use to access the funds.
Withdrawals
Generally, it is possible to withdraw limited amounts of cash from a life insurance policy. The amount available differs based on the type of policy you own and the company
issuing it. The main advantage of cash-value withdrawals is that they are not taxable up to your policy basis, as long as your policy is not classified as a modified endowment
contract (MEC).
However, cash-value withdrawals can have unexpected or unrealized consequences:
Withdrawals that reduce your cash value could cause a reduction of your death benefit - a potential source of funds you might need for income replacement, business
purposes or wealth preservation.
Cash-value withdrawals are not always received income-tax free. For example, if you take a withdrawal during in the first 15 years of the policy and the withdrawal causes a
reduction in the policy's death benefit, some or all of the withdrawn cash could be subject to taxation.
Withdrawals are treated as taxable to the extent that they exceed your basis in the policy.
Withdrawals that reduce your cash surrender value could cause your premiums to increase in order to maintain the same death benefit; otherwise, the policy could lapse.
If your policy has been classified as an MEC, withdrawals generally are taxed according to the rules applicable to annuities - cash disbursements are considered to be made
from interest first and are subject to income tax and possibly the 10% early-withdrawal penalty if you're under age 59.5 at the time of the withdrawal.
Loans
Most cash-value policies allow you to borrow money from the issuer using your cash-accumulation account as collateral. Depending on the terms of the policy, the loan might
be subject to interest at varying rates; however, you are not obligated to financially "qualify" for the loan. The amount you can borrow is based on the value of the policy's
cash-accumulation account and the contract's terms
The good news is that borrowed amounts from non-MEC policies are not taxable, and you don't have to make payments on the loan, even though the outstanding loan
balance might be accruing interest.
The bad news is that loan balances generally reduce your policy's death benefit, meaning your beneficiaries might receive less than you intended. Also, an unpaid loan that
is accruing interest reduces your cash value, which can cause the policy to lapse if insufficient premiums are paid to maintain the death benefit. If the loan is still outstanding
when the policy lapses or if you later surrender the insurance, the borrowed amount becomes taxable to the extent the cash value (without reduction for the outstanding loan
balance) exceeds your basis in the contract.
Policy loans from a policy that is considered an MEC are treated as distributions, meaning the amount of the loan up to the earnings in the policy will be taxable and could
also be subject to the pre-59.5 early-withdrawal penalty
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a possible source of
funds - but should you tap into it?
There are certainly some drawbacks to using life insurance to meet immediate cash needs, especially if you're compromising your long-term goals or your family's financial
future. Nevertheless, if other options are not available, life insurance, especially cash-value life insurance, can be a source of needed income
Methods of Accessing Cash
Cash-value life insurance, such as whole life and universal life, builds reserves through excess premiums plus earnings. These deposits are held in a cash-accumulation
account within the policy.
Cash-value life insurance offers the opportunity to access cash accumulations within the policy either through withdrawals, policy loans, or partial or full surrender of the
policy. Another alternative involves selling your policy for cash, a method known as a life settlement.
Be sure to bear in mind that although cash from the policy might be useful during stressful financial times, you could face unwanted consequences depending on the method
you use to access the funds.
Withdrawals
Generally, it is possible to withdraw limited amounts of cash from a life insurance policy. The amount available differs based on the type of policy you own and the company
issuing it. The main advantage of cash-value withdrawals is that they are not taxable up to your policy basis, as long as your policy is not classified as a modified endowment
contract (MEC).
However, cash-value withdrawals can have unexpected or unrealized consequences:
Withdrawals that reduce your cash value could cause a reduction of your death benefit - a potential source of funds you might need for income replacement, business
purposes or wealth preservation.
Cash-value withdrawals are not always received income-tax free. For example, if you take a withdrawal during in the first 15 years of the policy and the withdrawal causes a
reduction in the policy's death benefit, some or all of the withdrawn cash could be subject to taxation.
Withdrawals are treated as taxable to the extent that they exceed your basis in the policy.
Withdrawals that reduce your cash surrender value could cause your premiums to increase in order to maintain the same death benefit; otherwise, the policy could lapse.
If your policy has been classified as an MEC, withdrawals generally are taxed according to the rules applicable to annuities - cash disbursements are considered to be made
from interest first and are subject to income tax and possibly the 10% early-withdrawal penalty if you're under age 59.5 at the time of the withdrawal.
Loans
Most cash-value policies allow you to borrow money from the issuer using your cash-accumulation account as collateral. Depending on the terms of the policy, the loan might
be subject to interest at varying rates; however, you are not obligated to financially "qualify" for the loan. The amount you can borrow is based on the value of the policy's
cash-accumulation account and the contract's terms
The good news is that borrowed amounts from non-MEC policies are not taxable, and you don't have to make payments on the loan, even though the outstanding loan
balance might be accruing interest.
The bad news is that loan balances generally reduce your policy's death benefit, meaning your beneficiaries might receive less than you intended. Also, an unpaid loan that
is accruing interest reduces your cash value, which can cause the policy to lapse if insufficient premiums are paid to maintain the death benefit. If the loan is still outstanding
when the policy lapses or if you later surrender the insurance, the borrowed amount becomes taxable to the extent the cash value (without reduction for the outstanding loan
balance) exceeds your basis in the contract.
Policy loans from a policy that is considered an MEC are treated as distributions, meaning the amount of the loan up to the earnings in the policy will be taxable and could
also be subject to the pre-59.5 early-withdrawal penalty
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..Life Insurance Advantages,
Benefits, & Features While Alive and
After Death... Learn More Here!
..Insurance General Information:
Ways to Make Money & Save Money
on Your Insurance. Learn More...
..Term Insurance Advantages, Term
Insurance General Knowledge. Buy
the Term, and invest the difference.
Learn More...
..Life Insurance Quote. Find out if
You Pay too much for Your
Insurance, Or Check How Much You
Can Pay For a Life Insurance...
..Investment Products: Investing &
Money Management Basics.
FINANCIAL SOLUTIONS, TOOLS &
RESOURCES. LEARN MORE...
Insurance Products: How to make
profits with the insurance
companies? Learn More.
..Five Insurance Policies Everyone
Should Have
Protecting your most important assets is
an important step in creating a solid
personal financial plan. The right
insurance policies will go a long way
toward helping you safeguard your
earning power and your possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an
important element of any sound financial
plan
Different types of insurance protect you
and your loved ones in different ways
against the cost of accidents, illness,
disability, and death.
INSURANCE KNOWLEDGE
LIFE INSURANCE ADVANTAGES,
FEATURES AND BENEFITS WHILE ALIVE
AND AFTER DEATH. INSURANCE
GENERAL KNOWLEDGE, GLOBAL
INSURANCE INFORMATION FOR BETTER
CHOICES, BETTER DECISION, BETTER
GUARANTEE AND BETTER
SATISFACTION. LEARN MORE HERE...
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WHO LIVE IN MIAMI DADE AND
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Life Insurance
Life insurance, payable when you die,
can provide a surviving spouse,
children, and other dependents with the
funds necessary to maintain their
standards of living, can help repay debt,
and can fund education tuition costs.
LIFE INSURANCE QUOTE. LEARN MORE..
the least amount of coverage, and vice
versa.
Ways to Reduce Your Life Insurance
Premium
While you can't do anything about two of
the three main factors affecting your
insurance premium (age and family
medical history), there are steps you can
take regarding the third - lifestyle. You
could lower your insurance premium if
you:
Benefits, & Features While Alive and
After Death... Learn More Here!
..Insurance General Information:
Ways to Make Money & Save Money
on Your Insurance. Learn More...
..Term Insurance Advantages, Term
Insurance General Knowledge. Buy
the Term, and invest the difference.
Learn More...
..Life Insurance Quote. Find out if
You Pay too much for Your
Insurance, Or Check How Much You
Can Pay For a Life Insurance...
..Investment Products: Investing &
Money Management Basics.
FINANCIAL SOLUTIONS, TOOLS &
RESOURCES. LEARN MORE...
Insurance Products: How to make
profits with the insurance
companies? Learn More.
..Five Insurance Policies Everyone
Should Have
Protecting your most important assets is
an important step in creating a solid
personal financial plan. The right
insurance policies will go a long way
toward helping you safeguard your
earning power and your possessions
THE IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE!
Your Financial Plan; Insurance is an
important element of any sound financial
plan
Different types of insurance protect you
and your loved ones in different ways
against the cost of accidents, illness,
disability, and death.
INSURANCE KNOWLEDGE
LIFE INSURANCE ADVANTAGES,
FEATURES AND BENEFITS WHILE ALIVE
AND AFTER DEATH. INSURANCE
GENERAL KNOWLEDGE, GLOBAL
INSURANCE INFORMATION FOR BETTER
CHOICES, BETTER DECISION, BETTER
GUARANTEE AND BETTER
SATISFACTION. LEARN MORE HERE...
..HOW TO OBTAIN AN INSURANCE
LICENSE, AND GET HIRED, START
WORKING IMMEDIATELY WITH ONE OF
THE GREATEST INSURANCE COMPANY
IN THE WORLD?
FREE INSURANCE SCHOOL, FREE
COURSE, FREE TRAINING, FREE
FINGERPRINT, FREE BOOKS FOR THOSE
WHO LIVE IN MIAMI DADE AND
BROWARD COUNTY FLORIDA. LEARN
MORE HERE...
Life Insurance
Life insurance, payable when you die,
can provide a surviving spouse,
children, and other dependents with the
funds necessary to maintain their
standards of living, can help repay debt,
and can fund education tuition costs.
LIFE INSURANCE QUOTE. LEARN MORE..
the least amount of coverage, and vice
versa.
Ways to Reduce Your Life Insurance
Premium
While you can't do anything about two of
the three main factors affecting your
insurance premium (age and family
medical history), there are steps you can
take regarding the third - lifestyle. You
could lower your insurance premium if
you:
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Life insurance is a wealth-generating tool - it eases
your surviving family's financial burdens in your
absence and also provides periodic income, which
takes care of temporary needs
However, in order to make sure that your life
insurance policy will provide for you family when you
can't, you need to understand the product you are
buying. ---knowledgefinancial.com
SOUTH FLORIDA, TALK TO A LICENSED AND
EXPERIENCED AGENT AT: 786-
your surviving family's financial burdens in your
absence and also provides periodic income, which
takes care of temporary needs
However, in order to make sure that your life
insurance policy will provide for you family when you
can't, you need to understand the product you are
buying. ---knowledgefinancial.com
SOUTH FLORIDA, TALK TO A LICENSED AND
EXPERIENCED AGENT AT: 786-
| ..State Insurance Departments for all 50 States.. REQUEST INSURANCE INFORMATION, PLACE A COMPLAINT, CHECK ON AN INSURANCE COMPANY, CHECK INSURANCE LICENSES, FIND QUALIFIED AGENTS, FIND LOCATION ETC. - -..Life Insurance Advantages, Benefits, & Features While Alive and After Death... Learn More Here! ..Insurance General Information: Ways to Make Money & Save Money on Your Insurance. Learn More... ..Term Insurance Advantages, Term Insurance General Knowledge. Buy the Term, and invest the difference. Learn More... ..Life Insurance Quote. Find out if You Pay too much for Your Insurance, Or Check How Much You Can Pay For a Life Insurance... ..Investment Products: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... Insurance Products: How to make profits with the insurance companies? Learn More. NSURANCE KNOWLEDGE LIFE INSURANCE ADVANTAGES, FEATURES AND BENEFITS WHILE ALIVE AND AFTER DEATH. INSURANCE 101: EVERYTHING YOU NEED TO KNOW ABOUT INSURANCE. LEARN HOW WIN THE INSURANCE GAME... -National Association of Insurance Commissioners (NAIC) The NAIC is the organization of state insurance regulators for all 50 of the United States, Washington D. C., and five U.S. Territories. -Florida Office of Insurance Regulation The Office serves Floridians through its responsibilities for regulation, compliance and enforcement of statutes related to the business of insurance. -Florida's Department of Financial Services Resources for Florida’s citizens,, Unclaimed Property, Consumer Help for Florida’s insurance consumers |
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Life Insurance. ---- SOUTH FL. CALL A
REPRESENTATIVE AT: 786-
ADVANTAGE OF LIFE INSURANCE
Accelerated Death Benefit -
A benefit that can be attached to a life insurance
policy that
enables the policy holder to receive cash advances
against
the death benefit While alive in the case of being
diagnosed with a
terminal illness.
SOUTH FLORIDA, CALL THE
REPRESENTATIVE AT: 786-
ADVANTAGES & BENEFITS OF LIFE INSURANCE
Waiver Of Premium Rider Provision
A clause in an insurance policy that waives the
policyholder's obligation to pay any further premiums should
he or she become seriously ill or disabled.
REPRESENTATIVE AT: 786-
ADVANTAGE OF LIFE INSURANCE
Accelerated Death Benefit -
A benefit that can be attached to a life insurance
policy that
enables the policy holder to receive cash advances
against
the death benefit While alive in the case of being
diagnosed with a
terminal illness.
SOUTH FLORIDA, CALL THE
REPRESENTATIVE AT: 786-
ADVANTAGES & BENEFITS OF LIFE INSURANCE
Waiver Of Premium Rider Provision
A clause in an insurance policy that waives the
policyholder's obligation to pay any further premiums should
he or she become seriously ill or disabled.
| Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE AT: 786- Life insurance, payable when you die, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt, and can fund education tuition costs. The amount you need depends on your situation. If you make $100,000 a year, have a sizable mortgage, and have two kids headed to an expensive college. -------KNOWLEDGEFINANCIAL.COM Talk with an insurance Representative who offers policies from companies whose financial strength is ranked high by rating agencies. SOUTH FLORIDA, CALL THE AGENT AT: 786- Life Insurance A protection against the loss of income that would result if the insured No Longer Exist. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the absent of the insured. --------KNOWLEDGEFINANCIAL.COM The goal of life insurance is to provide a measure of financial security for your family after you die. So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business. |
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| A Life Insurance Company who is Helping Families properly protected. And be Financially Independent. SOUTH FLORIDA, CALL ANTHONY THE REPRESENTATIVE AT: 786-709-6577 AFFORDABLE LIFE INSURANCE: BEST PRICES, BEST PLAN, WITH THE BEST COMPANY. WE HELP PEOPLE WITH [2] TWO HANDS.. WE OFFER LIFE INSURANCE IN ONE HAND & AN INVESTMENT PLAN IN THE OTHER HAND. #1. LIFE INSURANCE: BECAUSE.. In Life There Are -2- Two Things: Whether You Live Older, or You Die Younger. Be Properly Protected Just in Case if You Die Younger to Minimize the Financial Trouble for Your Love One. KNOWLEDGEFINANCIAL.COM Stop, Avoid Your Love One From Calling Friends, and other Family Members for Contribution to cover burial costs. -- Protect Your Dignity! SOUTH FLORIDA, CALL ANTHONY THE REPRESENTATIVE AT: 786- -- Life Insurance Can Help You Stop your family, Your love one from crying twice. #1- Because you gone, #2 Because of the problems, Financial trouble you left behind. ------------------------- .In Life There Are -2- Two Things: Whether You Live Older, -- or You Die Younger. #2. JUST IN CASE YOU LIVE OLDER In the Other Hand; At Primerica Financial Services WE OFFER AN INVESTMENT PLAN. BUY THE LOW COST TERM, AND INVEST THE DIFFERENCE AT HIGHER INTEREST RATE, BECOME FINANCIALLY INDEPENDENT; CREATE THE MONEY NEEDED FOR HOME HEALTH CARE, DOCTORS, NURSES AID, COMPANIONSHIP, VACATION, RENT OR MORTGAGE AND OTHER BILLS. SOUTH FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE WITH NO OBLIGATION AT: 786- |
-The Income-Tax Treatment of Life
Insurance/ ADVANTAGES OF A LIFE
INSURANCE POLICY.-
-It is important to know how certain tax
benefits come into play with death
proceeds and living benefits.-
Historically, life insurance has been considered
beneficial to the public good because it contributes to the
financial well-being of families. As a result, there are
certain tax benefits for life insurance products. It is
important to know how these come into play with the
death proceeds and living benefits of an individual life
insurance contract.
Premiums: Policy premiums are considered a
personal expense and are not deductible for income-tax
purposes. Exceptions to this include premiums that a
person paid for life insurance in an alimony agreement or
for a policy that is owned by and paid to a charity.
In business situations, employers may deduct premiums
as a business expense if they are paid in the form of a
bonus to the employee. If life insurance is part of a
pension plan, employer-paid premiums are deductible.
Death benefits: Death proceeds are generally
exempt from income
taxation when they are paid in a lump sum.
Accelerated death benefits: For an insured who
is terminally ill, the amounts he receives are excludible
from income because they areconsidered as payable by
reason of the death of the insured. A physician must
certify the terminal illness, which must be expected to
result in death within 24 months.
Transfer for value: When a policy is
transferred for valuable
consideration (according to the IRS, any absolute
transfer for value of a right to receive all or a part of the
proceeds of a life insurance policy) to another owner,
part of the death benefit becomes taxable.
The taxable amount is the death benefit reduced by the
amount paid to transfer the policy and the premiums
made by the new owner. Transactions exempt from this
rule include situations in which the policy is sold to the
insured.
Matured life contracts: When a policy reaches the
maturity date, the
proceeds are not considered a death benefit, and any
gains in the policy are considered ordinary income for the
tax year in which they are distributed. Gains are amounts
received in excess of the cost basis, the amount paid
with after-tax money.
Dividends: The cash dividend is taxable
only when it exceeds the cost
basis. Dividends are generally taxed on a first-in
first-out, or FIFO, basis; withdrawals are treated as a
nontaxable return of capital (refund of premium) to the
extent of the premiums paid. If dividends are withdrawn
or the policy is surrendered, proceeds received in
excess of premiums paid are considered ordinary
income. If dividends accumulate at interest, the interest
earned is
taxable.
Loans: Policy loans are normally not taxable. If a
policy is surrendered with a loan outstanding, and if that
loan, with other cash value, is greater than the cost
basis, there is a taxable gain.
Cash surrenders: Upon surrender, it must be
determined if the amount received exceeds the net
premiums paid. Net premiums paid means the gross
premium less any dividends received and outstanding
loans. The difference is reportable as ordinary taxable
income in the year it is received
Insurance/ ADVANTAGES OF A LIFE
INSURANCE POLICY.-
-It is important to know how certain tax
benefits come into play with death
proceeds and living benefits.-
Historically, life insurance has been considered
beneficial to the public good because it contributes to the
financial well-being of families. As a result, there are
certain tax benefits for life insurance products. It is
important to know how these come into play with the
death proceeds and living benefits of an individual life
insurance contract.
Premiums: Policy premiums are considered a
personal expense and are not deductible for income-tax
purposes. Exceptions to this include premiums that a
person paid for life insurance in an alimony agreement or
for a policy that is owned by and paid to a charity.
In business situations, employers may deduct premiums
as a business expense if they are paid in the form of a
bonus to the employee. If life insurance is part of a
pension plan, employer-paid premiums are deductible.
Death benefits: Death proceeds are generally
exempt from income
taxation when they are paid in a lump sum.
Accelerated death benefits: For an insured who
is terminally ill, the amounts he receives are excludible
from income because they areconsidered as payable by
reason of the death of the insured. A physician must
certify the terminal illness, which must be expected to
result in death within 24 months.
Transfer for value: When a policy is
transferred for valuable
consideration (according to the IRS, any absolute
transfer for value of a right to receive all or a part of the
proceeds of a life insurance policy) to another owner,
part of the death benefit becomes taxable.
The taxable amount is the death benefit reduced by the
amount paid to transfer the policy and the premiums
made by the new owner. Transactions exempt from this
rule include situations in which the policy is sold to the
insured.
Matured life contracts: When a policy reaches the
maturity date, the
proceeds are not considered a death benefit, and any
gains in the policy are considered ordinary income for the
tax year in which they are distributed. Gains are amounts
received in excess of the cost basis, the amount paid
with after-tax money.
Dividends: The cash dividend is taxable
only when it exceeds the cost
basis. Dividends are generally taxed on a first-in
first-out, or FIFO, basis; withdrawals are treated as a
nontaxable return of capital (refund of premium) to the
extent of the premiums paid. If dividends are withdrawn
or the policy is surrendered, proceeds received in
excess of premiums paid are considered ordinary
income. If dividends accumulate at interest, the interest
earned is
taxable.
Loans: Policy loans are normally not taxable. If a
policy is surrendered with a loan outstanding, and if that
loan, with other cash value, is greater than the cost
basis, there is a taxable gain.
Cash surrenders: Upon surrender, it must be
determined if the amount received exceeds the net
premiums paid. Net premiums paid means the gross
premium less any dividends received and outstanding
loans. The difference is reportable as ordinary taxable
income in the year it is received
| --Have You Talked to a Representative Lately? If not, Give them a call.. South Florida #: 786- --New Opportunities Are Only a Phone Call Away. This company is in the Business of Changing Lives by Helping Families Becoming Debt Free , Be Properly Protected, and Financially Independent. How? South Florida, Call a Representative at: 786- -- ''INSURANCE-- Everything You Need to Know About Insurance; South Florida, Call The Insurance Representative At: 786- - - Get an Insurance Quote, Look How much a Policy Can Cost You. - See If You're Paying Too Much For a Policy.-- Get a Free Quote!-- |
| Life Insurance - Reduce Your Premium And Get More Coverage For Less Money For You And Your Entire Family no Matter How Many Children You Have or Will Have; All Cover For The Same Low Cost. -- South Fl. Call Anthony The Insurance Representative At: 786-631-7740 - Be Properly Protected With a Good Insurance Policy. Affordable Life Insurance: Best Price, Best Plan With The Best Company. Call At: 786-631 -7740 Family Treasure; Life Insurance Can be a Great One. |
| --Life Insurance. ---- SOUTH FL. CALL A REPRESENTATIVE AT: 786--- Life insurance is a wealth-generating tool - it eases your surviving family's financial burdens in your absence and also provides periodic income, which takes care of family needs. Life insurance payable, can provide a surviving spouse, children, and other dependents with the funds necessary to maintain their standards of living, can help repay debt, and and fund education tuition costs. -------KNOWLEDGEFINANCIAL.COM Talk with an insurance Representative who offers policies from companies whose financial strength is ranked high by rating agencies. SOUTH FLORIDA, CALL THE AGENT AT: Life Insurance A protection against the loss of income that would result if the insured No Longer Exist. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the absent of the insured. --------KNOWLEDGEFINANCIAL.COM The goal of life insurance is to provide a measure of financial security for your family So, before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors. It is prudent to re-evaluate your life insurance policies annually or when you experience a major life event like marriage, divorce, the birth or adoption of a child, or purchase of a major item such as a house or business. |
| Get a Free Life Insurance Quote With No Obligation. Low Cost Life Insurance, But Very Good Plan With One Of The Best, Largest Insurance Company.---- |
| AFFORDABLE LIFE INSURANCE: BEST PRICES, BEST PLAN, WITH THE BEST COMPANY. WE OFFER LIFE INSURANCE IN ONE HAND & AN INVESTMENT PLAN IN THE OTHER HAND. #1. LIFE INSURANCE: BECAUSE.. In Life There Are -2- Two Things: Whether You Live Older, or You Die Younger. Be Properly Protected Just in Case if You Die Younger to Minimize the Financial Trouble for Your Love One. KNOWLEDGEFINANCIAL.COM Stop, Avoid Your Love One From Calling Friends, and other Family Members for Contribution to cover burial costs. -- Protect Your Dignity! SOUTH FLORIDA, CALL ANTHONY THE REPRESENTATIVE AT: 786- -- Life Insurance Can Help You Stop your family, Your love one from crying twice. #1- Because you gone, #2 Because of the problems, Financial trouble you left behind. ------------------------- BUY THE LOW COST TERM, AND INVEST THE DIFFERENCE AT HIGHER INTEREST RATE, BECOME FINANCIALLY INDEPENDENT; CREATE THE MONEY NEEDED FOR HOME HEALTH CARE, DOCTORS, NURSES AID, COMPANIONSHIP, VACATION, RENT OR MORTGAGE AND OTHER BILLS. SOUTH FLORIDA, CALL THE REPRESENTATIVE FOR A FREE QUOTE WITH NO OBLIGATION AT: 786- |
LOW COST LIFE INSURANCE,
BUT VERY GOOD PLAN
BUT VERY GOOD PLAN
| '' --50 US State Departments of Natural Resources ...Listing of U. S. State Departments of Natural Resources, Game Commissions, and Departments of Fish, Game & Parks. '' Department of Revenue: All 50 States Tax Laws --Visit your State Department of Revenue for information regarding tax laws, and other important information you may need to know regarding home businesses. ''All 50 States’ and D.C.’s Home Pages and Workers’ Compensation Agencies ...All 50 States’ and D.C.’s Home Pages and Workers’ Compensat '''50 States Labor Law: United States Department of Labor: State Labor Laws. State Labor Offices. Federal vs. State Family Medical Leave Laws .. ' USAJOBS - State and Local Government Opportunities--Employment, Jobs, career. ''50 States Social Services Web Sites:- Official Website of the State Department of Social Services In U.S A. ... |
'Rollover Account // Retirement Plan // Life Insurance // IRA/Roth IRA // Estate Planning // Annuity // Trust Account // Pension Plan // Living Trust // Buyheremarket
| 'Rollover Account // Retirement Plan // Life Insurance // IRA/Roth IRA / / Estate Planning // Annuity // Trust Account // Pension Plan // Living Trust // Buyheremarket |
| LIFE INSURANCE 101 Most people buy life insurance to replace the income that would be lost if a wage earner passed away. With quite a few different types of life insurance on the market today; the cost of a policy and the features it offers can differ tremendously. Understanding the ins and outs of each type of life insurance policy will ensure that you choose the ideal plan to guarantee the right amount of coverage to protect your family. -------------------- |
| Understanding Life Insurance ''Life insurance policies'' are among a variety of possible plans for individuals looking for stability against the uncertainty of future life events.Before you assume that you cannot afford life insurance protection, CONTACT US AT:786-- WE WILL HELP YOU EXAMINE ALL THE POSSIBILITIES AVAILABLE. ----------------- |
| What type of insurance is best for me? With all of the plan choices, options, limits, and add-ons, figuring out which policy is best for you and your family can be overwhelming. Keep one thing in mind: WHEN YOU CONTACT US, WE'LL COME TO YOU IF YOU CAN NOT COME TO US. WE WILL SIT WITH YOU TO HELP YOU EXPLORE ALL THE POSSIBILITIES. |
| Relieves Anxieties over Life's Uncertainties The desire for a peaceful state of mind, free from worrying over the things we cannot control has existed in civilizations for thousands of years. South Fl. Call Anthony The Insurance Representative At: 786-631-7740 |
| Life insurance is an important precaution when it comes to insuring financial future of a family. Protecting your family against the occurrence of unexpected; however a suitable life policy can relieve your financial worries caused by unexpected disappearance . As a Professional Insurance Representative; I am Dedicated to Protecting my Clients Welfare. I Will Provide You With High Quality Life Insurance. SOUTH FLORIDA, CALL ANTHONY THE LIFE INSURANCE REPRESENTATIVE AT: 786- |
| Life insurance is a fundamental necessity to ensure the protection of the financial future of your family. Protecting your family against lost of income in case you no longer present. ------------------- AFFORDABLE LIFE INSURANCE: BEST PRICES, BEST PLAN, WITH THE BEST COMPANY. SOUTH FLORIDA, CALL ANTHONY THE LIFE INSURANCE REPRESENTATIVE AT: 786-709- |
| LIFE Insurance should be an indispensable alternative that we should not go without because that can help us protect our dignity and help the love ones we left behind with financial troubles, debts ------------------------ Life insurance plays a pivotal role in securing the financial future and well-being of a family. Purchasing suitable life insurance coverage for your family could be the best decision you take. -------------- ,LIFE INSURANCE YOU HAVE QUESTIONS, WE HAVE ANSWERS. CALL ANTONY AT: 786- WE HAVE A PLAN TO BETTER HELP YOURSELF, YOUR FAMILY, YOUR FRIENDS, AND OTHER FAMILIES TO BE PROPERLY PROTECTED. |
Life insurance has always been an essential
element of a personal finance plan of any family
who understand the real value of Life Insurance.
Buying appropriate life insurance coverage for
you and your family is smart move.
element of a personal finance plan of any family
who understand the real value of Life Insurance.
Buying appropriate life insurance coverage for
you and your family is smart move.
| Life insurance is the key to insuring the financial future and basic needs. Protecting your family against the economic difficulties; however a suitable life policy can relieve financial burden on the ones you left behind. Family Treasure; Life Insurance Can be a Great One. Call Anthony The Insurance Representative At: - |
''Health Care''-
''Medical Resources''-
''Nurses Of America''-
Everything About Nursing..
'Homeowners Insurance''-
'.'Life Insurance FREE QUOTE,
FAST & EASY''''Find Out How
Much You Can Save On Life
Insurance-
'REQUEST A FREE QUOTE
TODAY'' Find Out If You're
Paying Too Much For Life
Insurance.
''AFFORDABLE LIFE INSURANCE:
BEST PRICES, BEST PLAN,
WITH THE BEST COMPANY.
''Insurance General Knowledge
: THE IMPORTANCE OF
INSURANCE IN SOMEONE'S LIFE.
''As A Financial Services
comp.- As A Life Insurance
Company. What The Do, How
They do it?
''Term Life Insurance
Advantages, Features And
Benefits While Alive And After
Death. Insurance Of America '-
'' INSURANCE 101: EVERYTHING
YOU NEED TO KNOW ABOUT
INSURANCE; NOW IS YOUR
CHANCE TO KNOW HOW TO
SAVE MONEY ON YOUR
INSURANCE! :
''The 10 Best Ways to Lower
Your Car Insurance Bill! Ways
to Save money .
''..HOW TO OBTAIN AN
INSURANCE LICENSE, And Get
Hire, Start Working
Immediately With One Of The
Greatest Firm.. In The Industry..
'' Homeowners Insurance''
'' Automobile Insurance''
''Medical Resources''-
''Nurses Of America''-
Everything About Nursing..
'Homeowners Insurance''-
'.'Life Insurance FREE QUOTE,
FAST & EASY''''Find Out How
Much You Can Save On Life
Insurance-
'REQUEST A FREE QUOTE
TODAY'' Find Out If You're
Paying Too Much For Life
Insurance.
''AFFORDABLE LIFE INSURANCE:
BEST PRICES, BEST PLAN,
WITH THE BEST COMPANY.
''Insurance General Knowledge
: THE IMPORTANCE OF
INSURANCE IN SOMEONE'S LIFE.
''As A Financial Services
comp.- As A Life Insurance
Company. What The Do, How
They do it?
''Term Life Insurance
Advantages, Features And
Benefits While Alive And After
Death. Insurance Of America '-
'' INSURANCE 101: EVERYTHING
YOU NEED TO KNOW ABOUT
INSURANCE; NOW IS YOUR
CHANCE TO KNOW HOW TO
SAVE MONEY ON YOUR
INSURANCE! :
''The 10 Best Ways to Lower
Your Car Insurance Bill! Ways
to Save money .
''..HOW TO OBTAIN AN
INSURANCE LICENSE, And Get
Hire, Start Working
Immediately With One Of The
Greatest Firm.. In The Industry..
'' Homeowners Insurance''
'' Automobile Insurance''
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| SOUTH FLORIDA, FOR ANY QUESTIONS REGARDING: LIFE INSURANCE POLICY, REAL ESTATE BUYING, SELLING, AND INVESTING; CONTACT ANTHONY JEANTY, YOUR NEIGHBORHOOD AGENT AT: 786-631-7740 = DISREGARD ALL OTHER # NUMBERS IN THIS SITE. YOUR ONLY NUMBER IS: 786-631-7740 == |
| KNOWLEDGEFINANCIAL.BLOGSPOT.COM |