Universal Life Insurance

Universal Life is a type of permanent  life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost […]

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 […]

Return of Premium 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 […]