What is a Certificate of Insurance Understanding the Commercial Certificate of Insurance As a business owner, you know how important it is to have proper coverage. You need property coverage for your belongings, general liability coverage to cover your liabilities and potential risks, workers compensation coverage for your employees, and maybe even a few other coverages. As you start to do business with other companies or...more
Single Premium Life Insurance - Is It For You? Single premium life insurance is a unique financial product that allows you to pay for whole life insurance in one lump sum. For example, you can buy a policy worth $200,000 for only $60,000. In addition to the death benefit, the cash benefit of a plan gets bigger faster when you invest a large sum of money into the policy upfront. This means that your beneficiaries will receive a...more
Survivorship Life Insurance Policies In estate planning, you have many tools available. If you have considerable income and assets that you want to leave to your heirs, then you must plan carefully to ensure that your beneficiaries receive the full benefit of their inheritance. Survivorship life insurance is a type of policy that can assist in making in easier to distribute your estate as well as manage the taxes involved in passing your legacy to future generations. Survivorship insurance is a policy that covers two people and does not pay out until both people die. An example of this would be children who did not get the death payout until both of their parents passed away.The strategy involved in mitigating the estate taxes associated with passing money to beneficiaries generally involves investing money into the life insurance that beneficiaries can use to replace money used to pay taxes. The reason why it involves two spouses is because of the fact that spouses are able to inherit an estate tax free. In a will, the children may be given the maximum amount of tax free assets and the rest passed onto the spouse. Then when the spouse passes away, the rest of the...more
Types of Term Life Insurance, Choose the Right One for You! Term life insurance is one of the most commonly purchased types of life insurance. It differs from whole life insurance in that the policy holder pays premiums and is only eligible for the benefits of the insurance during the relevant amount of time the insurance is in...more
Do I Need Wedding Insurance? The very word *insurance* implies that protection is needed in case something goes wrong. "What could possibly go wrong with our wedding?" If you're asking yourself this question, you may be looking at too many bridal magazines and blogs with perfectly staged pictures and need to stop for a minute and...more
Survivorship Life Insurance - What Are Its Uses? The primary purpose of just about any type of life insurance policy is to provide for the beneficiaries of the policyholder once they have passed away. Whether the money is intended to be used to help the surviving members of the policyholder's family continue to live standard they have become accustomed to or to cover the debts left behind by the insured individual, each person must decide who and how much money they intend to leave behind order to choose the right policy. In some cases, life insurance can also be used as an investment tool to help provide extra funds for an individual once he or she reaches retirement. There are also life policies that are designed to serve specific functions beyond simply leaving something behind for a person's loved ones. In the case of survivorship life policy, for example, the policy is designed with estate taxes specifically in mind. This is a type of insurance is often purchased by wealthier couples in order to cover any estate taxes that may be due at the time of the final spouse's passing. This type of insurance is also referred to as second to die insurance since it does...more
The Search For Denver Insurance There is a wide variety of Denver Insurance options to fit all kinds of insurance needs. Whether health insurance or home insurance, one can look in several places to find just the right policy. ...more
Markets and Uses for Universal Life Insurance When people think of life insurance, they generally automatically assume it is only for end of life monetary benefits to their loved ones in the event of their passing. Although the primary...more
Characteristics of Single Premium Life Insurance When people think of life insurance, they typically do so in terms of the monthly payments they have to pay over the time frame relevant to the type of insurance they want to purchase....more
Defining Life Insurance for Taxation Purposes Life insurance is not only a great idea for future planning. It is not only a great idea for investment purposes. It is one of the best ways to shelter yourself from taxes. The money inside...more
Characteristics of Variable Life Insurance Products Although variable life insurance products pay out a death penalty when the policy holder dies, it can actually be looked at as more of an investment vehicle for your cash. Part of the...more
Corporate-Owned Life Insurance The death of a key employee in a business represents a terrible loss to the corporate family. It can also cause considerable financial loss particularly if the person was a significant owner in the...more