Key Characteristics of Long Term Care Insurance

October 8th, 2013

Long term care insurance provides reimbursement of covered expenses for facility care and home care when the insured is unable to perform at least two of six activities of daily living (ADLs) as certified by a physician. These six activities are eating, bathing, transferring, toileting, continence, and dressing. Cognitive impairments such as Alzheimer’s disease also […]

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The Importance of Long Term Care Insurance

October 8th, 2013

Patricia M. Annino, Estate Planning Attorney, ACTEC Member,  Boston, Massachusetts Excerpt from Presentation, October 12, 2006 “And, I am a huge believer in long term care insurance even if you have the money to self insure. And the reason is…dignity.  I see what happens when families start to unravel, and people walk into my office […]

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Important Questions to Ask About Variable Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are policy projections based upon a reasonable assumed gross annual rate of return? Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial […]

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Important Questions to Ask About Universal Life Insurance with No Lapse Guarantee Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e. age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? […]

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Important Questions to Ask About Traditional Universal Life Insurance Policies and Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for your client’s needs? Should the death benefit be a level death benefit or an increasing death benefit? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e.age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? Beneficiaries: […]

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Important Questions to Ask About Term Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Is the amount of life insurance correct for the client’s needs? Basic Assumptions: Are the illustrated assumptions accurate and reasonable? (i.e. age, sex, health underwriting) Ownership: Is the policy ownership structured correctly within your client’s estate, business or financial plan? Beneficiaries: What are the appropriate primary and contingent beneficiary designations? Who is responsible to […]

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Important Questions to Ask About Existing Estate Planning Life Insurance Policies

October 2nd, 2013

Amount: Is the amount of life insurance correct for the client’s  needs? Should the death benefit be a level death benefit or an increasing death benefit? Insureds: Is the policy  design correct for current needs? (i.e. single life, joint life) Ownership: Is the policy ownership structured correctly within  your client’s estate plan? Beneficiaries:   Are the […]

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Important Questions to Ask About Buy/Sell Life Insurance Policies & Proposals

October 2nd, 2013

Amount: Does the amount of life insurance provide adequate liquidity for the requirements of the buy/sell agreement based upon the current business valuation, and the projected business valuation over the next three to five years? Ownership & Beneficiary: Are the ownership and beneficiary designations of the life insurance policies consistent with the provisions of the […]

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Life Insurance Ideas to Make or Save Your Clients Money

September 30th, 2013

IDEA: Guaranteed Estate Planning Life Insurance with Premiums Reduced 20-30% –Universal Life Insurance with No Lapse Guarantees Are your clients with estate planning life insurance interested in the cash value of their estate planning insurance? Or, have they purchased this life insurance strictly for the tax free death benefit as a part of their overall […]

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Two Ways To Protect Yourself & Your Family Business in the Event of a Disability

September 30th, 2013

This article will offer you two simple and low cost steps to help maximize your protection in the event of a disability. In his January 2001 Family Business Center presentation, Attorney Mark Bradley indicated that the likelihood of a total disability is four times greater than death during your working years. However, disability planning and […]

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