Avoiding Estate Taxes on Life Insurance

Senior Happy Couple Shaking Hand With Financial Advisor

Last week we wrote about the importance of estate planning no matter what financial bracket you fall under. And we mentioned that having an estate plan is especially important if you want to make sure your loved ones get the full benefit of your life insurance. Because even though life insurance is not subject to state and federal taxes, it CAN be included in your estate taxes, which means that … Read More

Posted in estate planning, Insurance Tips, Life Insurance | Tagged , , | Comments Off on Avoiding Estate Taxes on Life Insurance

Is Estate Planning Only for the Rich?

Business man pointing to transparent board with text: Estate Pla

Estate planning has come to be associated with people who are exceedingly rich, causing middle and upper-class citizens to have the mindset of, “I’m not rich, why do I need an estate plan?” As we previously wrote, celebrities certainly need estate plans, and when they fail to have them, the costs are high. However, even if you don’t have the wealth and assets of a celebrity, you should still have … Read More

Posted in estate planning, Life Insurance | Tagged , , | Comments Off on Is Estate Planning Only for the Rich?

Do College Students and Recent Graduates Need Life Insurance?

happy graduation students with diplomas outdoors

There are a number of reasons why college students and recent graduates don’t usually think about buying life insurance. First of all, thinking about life insurance forces them to confront scenarios that they would probably rather avoid! Second, college students and graduates often don’t have a lot of money, and would rather spend whatever money they do have on rent, paying off student loans and recreational activities. And third, college students are young! … Read More

Posted in Advantages of Having Life Insurance, Insurance Tips, Life Insurance | Tagged , , , , | Comments Off on Do College Students and Recent Graduates Need Life Insurance?

What Tibble v. Edison Means for Your 401(k), and Your Retirement

Serious judge about to bang gavel on sounding block in the court

This past month, the Supreme Court issued a ruling in the much-publicized case of Tibble v. Edison International, a group of employees who were suing their company over the high fees of their 401(k) plans. The court ruled in favor of the employees, a ruling which Ashlea Ebeling of Forbes termed a “victory” for anyone who has or needs a 401(k) plan. What was so momentous, so victorious about this … Read More

Posted in News | Tagged , , | Comments Off on What Tibble v. Edison Means for Your 401(k), and Your Retirement

Term Life Insurance Without Medical Exam: Yay or Nay?

Doctor's Hand Checking Blood Pressure

When buying term life insurance, you may be faced with the option of a policy that doesn’t require you to take a medical exam. While that may sound appealing, how do you know if this is really a good option for you? Let’s start with the basics: The reason that many life insurance policies, term or permanent, require a medical exam is simple: the insurer wants to assess your life … Read More

Posted in Insurance Tips, Life Insurance | Tagged , , , , | Comments Off on Term Life Insurance Without Medical Exam: Yay or Nay?