Life Insurance Trust: Tips for Keeping Inheritance Property Out of Probate A life insurance trust can be thought of as a safe deposit box for storing inheritance property. Life insurance policies are placed inside the trust and managed by a Trustee. Upon the policyholder's death, the Trustee distributes proceeds to designated beneficiaries.A life insurance trust protects policy proceeds from estate taxes and the probate process. Probate is...more
Can your genetic makeup stop you from buying life insurance? By Michelle Matlock, Life Quotes, Inc.If your grandfather was an alcoholic does that mean that you're destined to be one as well? What about your mother and aunt who have both been diagnosed with breast cancer?Your genetics determine more than the color of your eyes and skin, they present a detailed map that illustrates familial traits, ticks, and in some cases, the odds of being...more
Life insurances have become a necessity now days. Everyone wants to get the better deal life insurance in order the get the maximum possible benefit from the insurance. Most of the companies are attracting the persons by offering the attractive deals but in reality they have placed a lot of hidden facts about the deals they are offering. Though the trend of life insurances have increased but it is also true that finding the better deals of life insurances has become far too difficult then the past years. The amount of the premium has also increased as compared with the past years.If you follow some simple measures then it is quite possible that you find the suitable insurance deal. First thing that you need to know is the detail of the company. Survey a lot of companies, ask for their details and collect them. Read all these details thoroughly without missing a single point. Based on the details choose two or three insurance companies that's seems attractive to you, or you hope that these may provide you with the better deal life insurance. The second step that you need to follow is that meet some of the current insurance holders of the companies that you have short listed based on...more
Life insurance is an essential factor in everyone's life and especially for the ones having a family relying on their income. Even in some instances where the family is not dependent on your income, it can still be a good idea to take such insurance to help them cope with the highly upsetting and difficult event of your death. However while we all...more
A sole income provider with a large family and sudden death, nothing can go worse than that. Beyond this life is imaginable. A family leading a decent life may have to fight hard to survive especially if you were the bread earner of the family. You never know when you might die, so it becomes important to have a Canada life insurance policy that...more
Life insurance for many people is something of an enigma. There are many different companies offering BMO life insurance, TD life insurance and CIBC life insurance to name a few, but many people do not agree the sentiment of needing money after your death. But the fact is everyone is not well settled and this set of people they can make do with the money to secure their future and family future on their behalf. However for certain groups it is absolutely paramount that they do and it can be the difference between your family surviving without you or struggling and being moved out of their home.In order to understand who needs to get insured for life, it is important that firstly you get thorough understanding of its exact nature and its provision. Essentially, this type of insurance does prove their values after you have died, but unlike other forms of insurance it obviously you are not the one receiving the cash. Rather the recipients of your insurance will be those left behind - namely this is normally your family.When you take out this insurance then, you are guaranteeing that your family will be able to continue to enjoy their current way of life should you die. Essentially...more
How personal bankruptcy impacts your life insurance policy By Dawn Reiss, Life Quotes, Inc.Filing for bankruptcy is usually person's worst nightmare, but when it comes to protecting your assets (including the value of your life insurance...more
"Fun is like life insurance; the older you get the more it costs"Kin HubbardWe have all heard about the importance of rupee cost averaging when it comes to investments but very rarely do we realise that the concept can and should be used even when...more
Life Insurance for Police Officers and Other Law Enforcement Individuals First thing first, is there such a thing as police officer life insurance? Not really, but there is such thing as the right company and underwriter for life insurance for...more
The Many Options of No Medical Exam Life Insurance. What Is Best? When no exam life insurance started to be offered, it seems that all that was available was fast online response companies. You got approved or declined on the spot. Insurance...more
Rotator Cuff Muscles Injury – Taking Care of Injured Rotor Cuff When you've injured your rotator cuff muscles, you can apply heat to the injured area for instant relief. If there is swelling, use an ice pack. If there is sign of swelling,...more
So, do you have to take an exam to be approved for insurance? To briefly answer this question, the answer is no, you do not have to take an exam to be granted a life insurance policy. As a matter of fact we know of at least one company that does not...more