Annuity Quotes
What is a Fixed Tax-Deferred Annuity? A Fixed Tax-deferred annuity, also referred to as a tax-deferred annuity, is a contract between you and an insurance company for a guaranteed interest bearing policy with guaranteed income options. The insurance company credits interest, and you don’t pay taxes on the earnings until you make a withdrawal or […]
Annuity Glossary
Annuity Cap The Maximum interest rate that can be credited to your equity index annuity policy in a policy year or over the term of the policy. Annuity Base Interest Rate The Base Rate is the Current Rate less the Bonus Rate, if any. In many cases the Base Rate and the Current Rate are […]
Tax Treatment of Annuities
An annuity is a contract issued by an insurance company and usually referred to as an annuity policy or annuity contract. What makes annuities different is the tax treatment given them by the IRS. Think of an annuity as an umbrella. When money is placed under the umbrella or annuity contract, it is treated differently […]
Final Expense Insurance
February 25, 2011 by admin
Filed under Other Types of Life Insurance
About Burial Insurance and Why You Need It Ever thought of buying a burial insurance policy? Well, funeral costs have gradually been increasing and you need to consider this issue seriously. You would not want to leave your relatives and friends with a financial burden at the time of your death. Therefore, it is extremely […]
Key Man Life Insurance Quotes
February 25, 2011 by admin
Filed under Other Types of Life Insurance
Keyman Life Insurance Key man insurance is insurance purchased on the life of an employee or owner of a company. The intent is to cover expenses incurred as a result of the death of a key employee. Some examples are: •lost sales or revenue •hiring of interim staff until a permanent replacement is found •costs […]
Return of Premium Life Insurance
February 25, 2011 by admin
Filed under Other Types of Life Insurance
Here is how it works….you decide to purchase term life insurance on your life. Your agent tells you about a new plan that will cost a little more that the term insurance you were going to buy, but this insurance policy guarantees that if you die your family will receive the full face amount of […]
1035 Transfer
February 25, 2011 by admin
Filed under Other Types of Life Insurance
1035 refers to a provision in the tax code which allows for the direct transfer of accumulated funds in a life insurance policy, endowment policy, annuity policy to another life insurance policy, endowment policy or annuity contract without creating a taxable event. Title 26, Subtitle A, Chapter 1, Sub chapter O, Part III, Section 1035 […]
5 Year Term Insurance
February 25, 2011 by admin
Filed under Term Life Insurance
Usually “term life” is purchased to replace an income so that if the insured dies others will have funds to maintain a similar lifestyle. 5 year term life insurance is issued for a 5 year term of time. The premium remains the same for the whole 5 years. Why and who would purchase life insurance for such a […]
10 Year Term Insurance
February 25, 2011 by admin
Filed under Term Life Insurance
10 year Term Life Insurance is the kind that gives you the most protection for your dollar. The premium will remain level for the full 10 year period. The premium is guaranteed not to increase and the coverage will not decrease during the 10 years. 10 year term insurance does not accumulate cash to pay premiums later when mortality cost […]
20 year term insurance
February 25, 2011 by admin
Filed under Term Life Insurance
So you wonder if you need term life insurance for 20 years… You can choose from several terms of life insurance, 5 year, 10 year, 15 year, 20 year, 25 year, 30 year or even longer more. It might seem difficult deciding which plan you need. It is important to do some planning before you choose. 20-year term life insurance, like all term […]
