| Subject | Date Asked | Expert |
|
| Have to choose HSA or PPO Today!!! | 11/11/2009 | Michael Higgins |
Q: What is the name of your state (only U.S. law)? Illinois My husband's company is taking the HMO ...
A: Here is a link that will be very helpful, a comparison between HSA's, HRA's, and Flex plans. ...
|
| Stocks issued to life insurance | 11/11/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: My mother recently passed away, leaving a small inheritance to my brother and me. We understand that ...
A: It does not matter whether you sell the stock or not; the appraised value of the stock at the time ...
|
| Have to choose HSA or PPO Today!!! | 11/11/2009 | Michael Higgins |
Q: What is the name of your state (only U.S. law)? Illinois My husband's company is taking the HMO ...
A: Trina: In my opinion there is no better plan than an HSA. I have one with Blue Cross of Arizona and ...
|
| Client | 11/11/2009 | Michael Higgins |
Q: I have client, female, age 60, good health who is retiring. The company she works for has 20 ...
A: David: The employer is saying that your client has the right to go on COBRA, but the company does ...
|
| Hep C | 11/9/2009 | Michael Higgins |
Q: I have a question. I was exposed to the hepatitis c virus.(I found that out 6 years ago). I test ...
A: Not all insurance companies deal with the MIB. As an example, Blue Cross of Az. does not, relying ...
|
| Hep c | 11/9/2009 | R. Gene Ramsay |
Q: I have a question. I was exposed to the hepatitis c virus.(I found that out 6 years ago). I test ...
A: Ed, I am so sorry to hear about your diagnosis. Health insurance companies are like any other ...
|
| Transfer of policy ownership | 11/8/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: Good morning. Back in 1986 my parents bought my husband and I each a $10,000 single premium whole ...
A: Monica, Income tax on $40,000 at 10% plus 50% gift tax on $6,000 would be $7,000. 25% income tax on ...
|
| Transfer of policy ownership | 11/7/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: Good morning. Back in 1986 my parents bought my husband and I each a $10,000 single premium whole ...
A: I would like to know more about these policies. What company or companies are these policies with? ...
|
| bank on your self - company choice | 11/6/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I was wondering could I use northwestern mutual for Bank On Yourself? Do they pay the dividend on ...
A: You can use Northwestern Mutual. However, as a responsible company working to treat all it's clients ...
|
| Transfer of policy ownership | 11/5/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: Good morning. Back in 1986 my parents bought my husband and I each a $10,000 single premium whole ...
A: It is possible, but there are issues. Each of you can give up to $13,000 of value this year to as ...
|
| insurance for a family member | 11/4/2009 | Michael Higgins |
Q: i would like to get cover for my mother who is 71. she is an amputee and needs 24hr care. her ...
A: Mrs. Mills: If your mother is enrolled in parts A %26 B Medicare the best thing to do is purchase a ...
|
| change in beneficiary form | 11/1/2009 | Lee Horner |
Q: I have a court case in process. I was divorced from my husband of 20 years less than a year, when ...
A: Look at asqde.org which is one of the two respected associations of questioned document experts. ...
|
| change in beneficiary form | 10/30/2009 | Lee Horner |
Q: I have a court case in process. I was divorced from my husband of 20 years less than a year, when ...
A: You may be closer to a win. The divorce decree would trump a 100% sign-over of the beneficial ...
|
| change in beneficiary form | 10/30/2009 | Lee Horner |
Q: I have a court case in process. I was divorced from my husband of 20 years less than a year, when ...
A: The issue here is going to be whether your x was in his right mind or delusional when he signed the ...
|
| Insurance company refusing to pay although patient was covered | 10/29/2009 | R. Gene Ramsay |
Q: My fiance went to the emergency room a few weeks ago. A couple of weeks after that she was laid off ...
A: Michael, I am sorry to hear that your fiancee' needed emergency care. That is never fun and I hope ...
|
| LIFE INSURANCE TESTING ONLINE | 10/29/2009 | leboyd |
Q: I WOULD LIKE TO KNOW IF THERE ARE ANY ONLINE TEST YOU CAN TAKE TO GET YOUR LIFE INSURANCE? WITHOUT ...
A: Janet, Unfortunately, I'm not aware of the specific laws for a resident in the State of Alabama. ...
|
| COBRA and Medicaid | 10/27/2009 | Michael Higgins |
Q: My husband recently lost his job and we have elected to continue our medical insurance through ...
A: You would lose COBRA once on Medicaid. The question is why would you want both? If you get on ...
|
| Collateral Loan against Term Life Insurance Policy | 10/27/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I am in need of a loan, and contacted my life insurance company. While my policy is a "term" ...
A: Whoever told you that you could use a Term policy for collateral for a loan did not know what he or ...
|
| taxation of life ins. death benefits | 10/22/2009 | Dave Bowman |
Q: I rec. the proceeds of life insurance when my brother died. Are these dollars taxable to me. Also, ...
A: In most instances, life insurance proceeds are not subject to income taxes. However, if your ...
|
| Life insurance | 10/17/2009 | R. Gene Ramsay |
Q: My wife's employer offers life insurance as an optional benefit. The rates are lower than quotes I ...
A: Jeff, Great question and you hit both scenrios right on the head. My professional opinion would be ...
|
| policy | 10/16/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ...
A: National Savings Life Insurance Company of Murfreesboro, TN was acquired by Victory Life Insurance ...
|
| policy | 10/16/2009 | leboyd |
Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ...
A: Jackson, An advanced premium deposit fund is basically a deposit into the company's low-interest, ...
|
| policy | 10/16/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ...
A: A few life insurance companies allow the sending in of money in excess of the scheduled premiums to ...
|
| policy | 10/16/2009 | Michael Feinberg, ChFC |
Q: I was wondering if you knew what a "advanced premium deposit fund" is? My mother found an old ...
A: Frankly, this sounds like a company-specific term and not a generally common part of a life ...
|
| surrendering life insuance at a loss | 10/13/2009 | R. Gene Ramsay |
Q: can I deduct a loss created when i surrender a life insurance policy at a loss ( cash value is less ...
A: Kathy, According to George Saenz at Tax Talk: <<<When you surrender an insurance policy, generally ...
|
| Healthcare Insurance | 10/8/2009 | John (J.R.) McCollough |
Q: I am a 24 year old part time student & I also have a part time job who is about to get kicked off my ...
A: Unfortunately, it's a rare thing for me to see somebody with scoliosis being accepted by an ...
|
| Question about taxes on policy loans. | 10/8/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I read on your website that loans against the cash value of a policy are untaxed only when the ...
A: I've actually had to deal with the situation that you are describing. Phyllis M. had had a number of ...
|
| maternity | 10/7/2009 | John (J.R.) McCollough |
Q: I am 27 years old and live in PA. I am an independent contractor so no insurance is offered through ...
A: If something sounds good to be true it normally is the truth! Any reputable insurance carrier with ...
|
| Differences between an IUL and a UL | 9/30/2009 | leboyd |
Q: Leboyd, After reading some of your answers, I am quite impressed with your knowledge. I have a ...
A: The only product with the guarantees that you want is WL. UL and IUL have flexible premiums and ...
|
| Differences between an IUL and a UL | 9/30/2009 | leboyd |
Q: Leboyd, After reading some of your answers, I am quite impressed with your knowledge. I have a ...
A: Anthony, Thank you for your complement. Why, lots of questions there :) Let's start with some of ...
|
| Life Insurance Agent | 9/30/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I am interested in life insurance and the Bank on Yourself concept and am working with a life ...
A: What makes BOY work is the accessibility of untaxed loans at a favorable interest rate. In order to ...
|
| Life Insurance Agent | 9/28/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I am interested in life insurance and the Bank on Yourself concept and am working with a life ...
A: The BOY concept is a sound concept for the right people. However I believe that some of the agents ...
|
| Cash out value | 9/28/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: I was looking on the internet about cash value of an old life policy of mine and want to find out if ...
A: On the basis of the information given it would appear that there is value in this policy. You need ...
|
| IUL | 9/26/2009 | Dave Bowman |
Q: Who should purchase Indexed Universal Life? Why should someone purchase this product? When in life ...
A: I would prefer to use the word "would" rather than "should," as the latter implies that someone else ...
|
| Medicaid question | 9/22/2009 | Michael Higgins |
Q: I live in Orlando, FL and am the victim of domestic abuse. I have recovered and am now divorced, ...
A: On www.Bing.com search, "Florida medicaid." The link I tried to send you yesterday should be the ...
|
| Medicaid question | 9/22/2009 | Michael Higgins |
Q: I live in Orlando, FL and am the victim of domestic abuse. I have recovered and am now divorced, ...
A: Here is a link that will be very helpful, http://www.dcf.state.fl.us/ess/medicaid.shtml. Please note ...
|
| Life insurance beneficiary | 9/22/2009 | Willard R. Brumbaugh, LUTCF, CSFP |
Q: My father passed away a few months ago and named me as a benefactor in his life insurance through ...
A: It is as you have said. There would be no income tax on the life insurance policy. However, of this ...
|
| Medical claims are not being submitted for payment | 9/22/2009 | Michael Higgins |
Q: The billing clerk (outsourced) for my rheumatologist continually submits incorrect claims to my ...
A: Your state may have different laws and protections for the insurance purchaser, but my educated ...
|
| Life Insurance Policy | 9/20/2009 | Dave Bowman |
Q: My grandmother died back in 97 and my dad was the beneficiary. My dad did not know about this policy ...
A: Sorry about the passing of your dad. If he was in fact the sole primary beneficiary, the proceeds ...
|
| Life expectancy | 9/18/2009 | Sheikh Saeed Ahmad |
Q: At a recent high school class reunion someone asked the question as to the number of people that you ...
A: Well, brother! it all depends upon the family history, profession, environment, area and financial ...
|
