If a shareholder/employee purchases LTCi under his or her name and not the S Corporation, the S Corporation will not be considered as partnership and the shareholder is no longer considered a partner as well. Also, the shareholder is not considered as self-employed and is only allowed to use the eligible LTCi premiums in the itemized deductions, which are subject to the 7.5 percent AGI threshold.The Tax Benefits You Can Reap from Long Term Care...more
Some decades back, there was a need realized to meet the increasing public restlessness about jobs not giving any compensation for any injuries. This was taken up by the federal authorities discussed and then the new concept of insurance was born. Though it existed hundreds of years ago, but then there was hardly anyone who knew about it and did not put it in paper and as a business.Insurance companies thrived on the public money "" because they knew that all their investors wouldn"t die or suffer injuries together and hence they could afford to make the compensation to a few. But then greed started creeping in and often companies would find reasons to decline the insurance coverage of their customers. Again a need was born for someone who could argue against them logically and would help them gain the amount for which the people were insured.Areas of work of attorney insurance jobs"Coverage and Claims: The main job of an insurance attorney involves the study and research on the coverage and the claims of the insurance policy and that of the concerned company. Many a times, companies fool innocent people and deny them their claims, citing company rules and regulations "" this is...more
Insurance Claims and Policy PerformanceInsurance Business Transaction Monitoring and Performance Testing By: performance About the Author Insurance Performance Testing & Insurance Load Testing Audit for Health Insurance, Life Insurance, General Insurance, Property and Casualty Insurance. (ArticlesBase SC #2973272) ...more
As experts debate the likelihood of a double dip recession affecting the global economy, the life settlement industry in the United States is showing some signs of recovery. Over the past two and half years the secondary market for life insurance faced very difficult times. However some indicators are now pointing to a strengthening life settlement...more
With uncertainty in the economy, seniors are looking to non traditional sources of money for their retirement years. A growing number of seniors are turning to the novel life settlement market for cash. While many don't know life settlements are available, they offer large and readily accessible sums of money from unwanted or unneeded life insurance policies.Life insurance policies are usually purchased to provide much needed financial security in the event of someone's death. When a life insurance policy is no longer needed many people mistakenly assume the policy has little or no value. In years past policy owners had two options for their unwanted life insurance. First, they could stop paying premiums, which then allowed the policy to lapse. In this scenario, the policy owner gets nothing. Secondly, some life insurance allows for the policy to be returned to the insurance carrier for the "cash surrender value". Unfortunately, the cash surrender value is often only a nominal amount of the policy's death benefit.Life settlements offer a third and more attractive option. A life settlement occurs when someone sells their existing life insurance policy for an immediate lump sum...more
More and more insurance companies offer you greater savings by cutting out the middle man, in this case the insurance broker, but have you thought about what you are losing in the way of services? With our life styles becoming ever-more fast-paced...more
There are many insurance brokers out there, all claiming to offer you the best services for the lowest prices. What exactly do insurance brokers do? Well firstly you need to understand that there are two ways in which the term insurance brokers can...more
Buying insurance is a costly affair, and with so many insurance companies popping up everywhere and with so many different products being offered, how does one know that you are getting the best deal for your money, or that your insurance company...more
There are so many insurance companies out there, and there are even more people out there who are not even entirely sure of what it is that insurance companies do. It is important to fully understand what insurance companies do so that you are making...more
When one thinks of the process of acquiring a new insurance policy, they start to feel stressed. It can seem like a daunting task to choose between all the insurance companies out there who are seemingly offering you the best deal possible. There is...more
What is the importance of an insurance quote or any quote for that matter? And how does it save you money? My aunt is someone who never gets quotes, she calls the first number in the book tells them the problem and buys whatever they suggest, and...more