| Subject | Date Asked |
|
| Rio Grande National Life Insurance | 11/15/2009 |
Q: I read a reply to a similar question dated in 2008. Rio Grande had been acquired by Kentucky Central ...
A: You might try these: Liberty Mutual Ins Co, www.libertymutual.com, 800-551-8354, purchased most ...
|
| Stocks issued to life insurance | 11/11/2009 |
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 ...
|
| Transfer of policy ownership | 11/8/2009 |
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 |
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 |
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 |
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 ...
|
| Collateral Loan against Term Life Insurance Policy | 10/27/2009 |
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 ...
|
| policy | 10/16/2009 |
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 |
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 ...
|
| Question about taxes on policy loans. | 10/8/2009 |
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 ...
|
| Life Insurance Agent | 9/30/2009 |
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 |
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 |
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 ...
|
| Life insurance beneficiary | 9/22/2009 |
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 ...
|
| Liffe insurance surrender | 9/18/2009 |
Q: I have recently been laid off. I have a life insurance plan that is worth $5,181. I just recieved ...
A: You haven't said so, but it seems that you have a relatively new policy for $5,000 with a company ...
|
| term life insurance | 9/14/2009 |
Q: I CURRENTLY HAVE A TERM LIFE INSURANCE POLICY WITH A MAJOR INSURANCE COMPANY. THE POLICY WAS ...
A: Whether insurance and investments should be separate or not will no doubt be debated long after both ...
|
| PUA Rider | 9/1/2009 |
Q: What is a PUA Rider? I received a letter saying my pua rider has become paid up and the unscheduled ...
A: A Paid Up Additions Rider is a dividend option that turns a refund of over-payment of premium into ...
|
| Changing beneficiary | 8/27/2009 |
Q: The father of my son passed away in Jan this year. My son is the beneficiary of a life insurance ...
A: Since I don't know who you are or which company I wrote the policy with, and since I do not know how ...
|
| Fixed index universal life for 31 year old | 8/16/2009 |
Q: Willard, appreciate you many informative replys. I am a 31 year old male with a wife and baby. I ...
A: An FIUL or EIUL is definitely a step up from the VUL that you have had. However, it may perform well ...
|
| Life Insurance | 8/13/2009 |
Q: I am a 63 year old divorced female, living on Soc. Sec. Disability. An insurance broker is hounding ...
A: There are Guaranteed Issue policies offered by several companies. These policies have graded ...
|
| BOY -Why not Variable | 7/14/2009 |
Q: I have read in past blogs that BOY is not a scam and the types of products you should/should not ...
A: Variable Life policies are a wonderful products for life insurance companies, in that they guarantee ...
|
| radbadbud@excite.com | 7/14/2009 |
Q: Brumbaugh, my wife recently passed away.She had left her mother as the beneficiary to her life ...
A: Nothing given to you would be taxable to you, but the giver may be taxed if you are given more than ...
|
| How much is enough? | 7/10/2009 |
Q: My wife and I are both 59. We have two boys, one age 27 and employed, the other 24 and about to ...
A: I do not put confidence in any of the sites, since the quotes do not give all the information that ...
|
| what to do in the mean time? | 7/8/2009 |
Q: I am a 27 year old female educator who was convinced to buy an EIUL policy two years ago. I don't ...
A: If you could ask WRL for an illustration of your current policy values along with a projection based ...
|
| Bank on Yourself | 7/1/2009 |
Q: I read that in order to do the bank on yourself system you must earn $50,000 per year as a family. ...
A: First, I am sorry to learn of your failed marriage. I know the hurt you have been going through. ...
|
| BOY Lafayette Life | 6/30/2009 |
Q: Our son will be a senior in highschool this coming fall. Early last fall we consulted with a ...
A: I am familiar with the concepts involved in your query. They do work, but there are some issues not ...
|
| Searching for a policy number | 6/19/2009 |
Q: I am the beneficiary of a Prudential life policy on my deceased mother that passed in 1964. The ...
A: Forty-five years is a long time to hold information. However, if you have your mother's Social ...
|
| Executor for Estate | 6/18/2009 |
Q: My aunt's boyfriend of 10 years is named as her beneficiary. The insurance company, American Income ...
A: I talked to a service rep at AIL. She said that if this policy is less than two years old, they need ...
|
| Executor for Estate | 6/17/2009 |
Q: My aunt's boyfriend of 10 years is named as her beneficiary. The insurance company, American Income ...
A: This is the first time I have seen such a request, and I am in my 41st year in the business. Am I to ...
|
| Life and Health Insurance Exam /State of NJ | 6/6/2009 |
Q: I am studying to take my state exam . What is series 6 & 7 and would I get this licence after my ...
A: It would appear that Kaplan is more interested in marketing securities than selling life insurance. ...
|
| Life insurance | 6/2/2009 |
Q: My father died about 9 months ago. He was married to his second wife for about 11 months before he ...
A: Only the cash surrender value of the policy would be considered. As to whether that should be ...
|
| Life insurance | 6/2/2009 |
Q: My father died about 9 months ago. He was married to his second wife for about 11 months before he ...
A: Insurance that she has on herself is of no value to you. So, I presume that what you are interested ...
|
| Life Insurance Claim | 6/2/2009 |
Q: My Dad Passed away Sept. 27th, 2006. We found a Rio Grande Life Insurance policy in his files. How ...
A: Those that I have answered have not passed on to me their results, so I can only guess that they ...
|
| life insurance | 5/14/2009 |
Q: My father recently passed away in Texas. Since me and my brother live in a different state ...
A: If the funeral home is trying to collect on some policies, get them. They might be the ones the ...
|
| Life Ins CSV Gains and losses | 5/6/2009 |
Q: have a client surrendering two policies . . .on with a gain over basis, a second with a loss. in ...
A: What is the basis for surrendering these policies? Might a 1035 exchange resolve the issue? How old ...
|
| VUL cash out | 4/30/2009 |
Q: My fiance has two very similar VUL products that he has written his advisor a letter of intent to ...
A: I do not believe that he will be able to offset his losses in a timely manner by cashing out the ...
|
| Whole Life Cash Surrender Value | 4/29/2009 |
Q: I am asking exactly how to compute the cash I will receive if I cancel my whole life policy. Here is ...
A: Since you have had this policy for 40 years, it is possible that you were one of my first ...
|
| Whole Life Insurance Loans | 4/25/2009 |
Q: My husband purchased two whole life policies some 30 yrs. ago and has borrowed extensively on them. ...
A: It would appear that you have nothing to gain by surrendering these policies. It is not that you ...
|
| Rio Grande Life Insurance policy | 4/20/2009 |
Q: I noticed on this site that you already had a question regarding Rio Grande National being bought ...
A: Those that I have answered have not passed on to me their results, so I can only guess that they ...
|
| Life insurance Cash Value | 4/16/2009 |
Q: Mr. Brumbaugh, I have a 12 year old policy with Mutual of Omaha. It has a $150k death benefit and I ...
A: Desr Abe, Until the surrender charges period has ended only the surrender value can be accessed, ...
|
| Colloecting Life Insurance Proceeds | 4/15/2009 |
Q: I recently found an old group Life Insurance policy from my mother's place of employment (the ...
A: Contact (800) 238-2125 x 3021 Chuck Beyer. I left a message with your information this morning at ...
|
| Colloecting Life Insurance Proceeds | 4/14/2009 |
Q: I recently found an old group Life Insurance policy from my mother's place of employment (the ...
A: This is so far back, that I doubt that any records exist to support the payment or non-payment of ...
|
| cash surrender | 4/13/2009 |
Q: face value of life insurance 10.000 if i cash it in they said the tax would be 10% i am disabled ...
A: I need a lot more information about the policy than you have provided here. If this was a guaranteed ...
|
| whole life CSV | 4/6/2009 |
Q: I have a whole life policy that uses dividends to pay the premium and any excess to buy more ...
A: The term policy will either get increasingly more expensive, or the face amount will go down, ...
|
| Policy | 4/6/2009 |
Q: My father passed away and my Aunt was going through her things and found a policy that my ...
A: You should be able to call the company for a claim form. If you cannot find the company due to a ...
|
| Taxation of Life Insurance | 4/3/2009 |
Q: We have a whole life policy with 129,190 guaranteed cash value + 30,671 paid up additions cash value ...
A: 1. If you were to surrender your policy at this time, you would be taxed on $13,419. Thus doing a ...
|
| Can Life Insurance payments be deductible as alimony | 3/23/2009 |
Q: According to a divorce decree, the husband must maintain and pay for an insurance policy naming his ...
A: An irrevocable beneficiary is not the same thing as the owner. The owner is identified in the policy ...
|
| Life Insurance | 3/21/2009 |
Q: I am a healthy 64 yr. old male. I have good blood pressure, colestral, weight 163 lbs and at the ...
A: At our age a 20 Year Term policy is difficult to find. However, you can get a minimum outlay Equity ...
|
| Variable Appreciable Life Cash Value Best Practices? | 3/19/2009 |
Q: Hope this finds you well and with good spirits. If one accepts that we're in a deflationary period ...
A: I think that you are old enough to remember a previous cycle of inflation in which it was the ...
|
| Equity indexed universal life with AVIVA | 3/19/2009 |
Q: With Aviva's financial patent, that allows you to borrow from aviva's fund instead of your own in ...
A: Before I answer this question, I want to disclose that I am appointed with Aviva. 1. Is it the best ...
|
| Whole Life Surrender | 3/15/2009 |
Q: My father has a series of Whole Life Insurance Policies which he took out in the early 80's. Each ...
A: The only way to avoid the taxation of what I refer to as "phantom interest" is to keep the policies ...
|
| AIG/Industry | 3/6/2009 |
Q: In light of the situation with AIG, I have general question about the fundamental soundness of the ...
A: Yes, but on the down side is the fact that the guaranteed minimum premium with American General may ...
|
| AIG/Industry | 3/5/2009 |
Q: In light of the situation with AIG, I have general question about the fundamental soundness of the ...
A: Those values that are already in place are given a certain amount of protection by Life Insurance ...
|
| Primerica | 3/5/2009 |
Q: my question may be a little different but it's a genuine concern of mine. My husband and I each have ...
A: This along with what is happening to AIG is a delightful example of pay back. Primerica, ever since ...
|
| AIG/Industry | 3/5/2009 |
Q: In light of the situation with AIG, I have general question about the fundamental soundness of the ...
A: I can't help you much with data and websites, but I can give you the insight you seek. I agree with ...
|
| LOST INSURANCE POLICIES | 3/4/2009 |
Q: HOW TO LOCATE LOST INSURANCE POLICIES THAT WERE IN YOUR MOTHER'S NAME BUT YOU WERE THE BENEFICIARY. ...
A: Life insurance policies of any significance require information from the applicant's doctor. So your ...
|
| If/How to get out of Comprehensive Life Policy | 2/28/2009 |
Q: About 8 years ago, my financial advisor recommended a variable comprehensive life policy to me, ...
A: 1. In my opinion it would be a good idea to get out of the policy. You could simply request that ...
|
| Old Rio Grande policy | 2/26/2009 |
Q: I noticed other inquiries about old Rio Grande policies. Texas Dept of Ins directed me to Lincoln ...
A: Since answering these questions, it appears that my inquirers have been satisfied. Rio Grande ...
|
| pre 1988 whole life loan or surrender? | 2/22/2009 |
Q: I have a single premium whole life policy bought in 1985. The original premium was $25,000 and it ...
A: If the new policy were to be on you, the annuity might yield $9,875 per year for ten years. If so ...
|
| pre 1988 whole life loan or surrender? | 2/21/2009 |
Q: I have a single premium whole life policy bought in 1985. The original premium was $25,000 and it ...
A: An Immediate Annuity avoids the premature distribution penalty, while allowing you to transfer ...
|
| pre 1988 whole life loan or surrender? | 2/20/2009 |
Q: I have a single premium whole life policy bought in 1985. The original premium was $25,000 and it ...
A: If yours is the company that has dropped from $13.00 per share to .94 per share, I see why you are ...
|
| Life Insurance for Aging Parents | 2/16/2009 |
Q: My parents are 77 and 79 and live in the state of California. What type of life insurance should I ...
A: I am sorry for the tone of my response. It was not meant to be a sales pitch. What it was meant to ...
|
| Life Insurance for Aging Parents | 2/16/2009 |
Q: My parents are 77 and 79 and live in the state of California. What type of life insurance should I ...
A: My wife and I will be honeymooning in San Diego next week. I think I could talk her into letting me ...
|
| Surrender or Borrow against Life Insurance? | 2/14/2009 |
Q: I have a $250K death benefit Life Insurance Policy on my mother who is 77 and in good health (as far ...
A: Here's an idea that might have merit for you, especially if your mom is still insurable. Get a new ...
|
| Life Insurance: Certificates VS. Policies | 2/12/2009 |
Q: What is the difference between a Life Insurance Policy and a Life insurance Certificate? Is there a ...
A: Terminology can be confusing when there is no consistancy of definitions. So, going on past ...
|
| TAX FREE OR NOT TAX FREE? | 2/11/2009 |
Q: Following a heart attack I sold the small family business.Due to health maintenance needs for my ...
A: I understand your feelings. Unfortunately advertising copy has still not caught up with the ...
|
| Convertion of a Life Insurance Policy | 2/11/2009 |
Q: My insurance company is offering me to convert my "Endowment @90" ($25K Face Value)policy that I ...
A: Your new question suggests that your dividends were accumulating at interest. If this is true, the ...
|
| TAX FREE OR NOT TAX FREE? | 2/11/2009 |
Q: Following a heart attack I sold the small family business.Due to health maintenance needs for my ...
A: Your example is the reason I do not refer to policy loans as tax free. These loans are UNTAXED as ...
|
| Convertion of a Life Insurance Policy | 2/10/2009 |
Q: My insurance company is offering me to convert my "Endowment @90" ($25K Face Value)policy that I ...
A: I have tested the numbers,and I do not feel that this is a wise move. At current interest rates ...
|
| Rio Grande Nat'l Life Ins. Co. | 2/9/2009 |
Q: My mother passed away approx. one year ago and I have found a Life policy issued by RGNLC in 1951. ...
A: Rio Grande National had been acquired by Kentucky Central. The policies that were held by Kentucky ...
|
| LIFE INSURANCE | 2/7/2009 |
Q: Hello i have a life insurance policy And took a loan out on It Will have to pay taxes Thank you ...
A: This is one of the benefits of permanent life insurance. Loans on life insurancer policies, just ...
|
| Surrending a Life Insurance | 2/6/2009 |
Q: I have a policy that I have a loan against for $7700, the current net death benefit is $116,517. I ...
A: Assuming you are relatively young, it would be wise to let the policy accumulation value cover the ...
|
| Surrending a Life Insurance | 2/6/2009 |
Q: I have a policy that I have a loan against for $7700, the current net death benefit is $116,517. I ...
A: I think I understand how desirable that $1,100 looks right now. But if there is any chance of not ...
|
| VAL and Bank on Yourself | 2/3/2009 |
Q: I am interested in utilizing the Bank on Yourself concept. I have had VAL policy through Prudential ...
A: In today's economic world 4% is a good rate of return, and I recommend taking advantage of it. ...
|
| VAL and Bank on Yourself | 2/2/2009 |
Q: I am interested in utilizing the Bank on Yourself concept. I have had VAL policy through Prudential ...
A: There are five types of Permanent Life policies that meet that standard if premium requirements are ...
|
| VAL and Bank on Yourself | 2/1/2009 |
Q: I am interested in utilizing the Bank on Yourself concept. I have had VAL policy through Prudential ...
A: You can do as you have suggested, however it may be worthwhile to do a 1035 exchange to a contract ...
|
| Taxation on Transfer and Surrender of Single Premium Whole Life Policy Issued August 1987 | 1/30/2009 |
Q: Good Morning Willard, I sincerely appreciate you taking the time to possibly address a complicated ...
A: The yield on the original premium was 6%, a good rate of return. Especially since it also had the ...
|
| Taxation on Transfer and Surrender of Single Premium Whole Life Policy Issued August 1987 | 1/29/2009 |
Q: Good Morning Willard, I sincerely appreciate you taking the time to possibly address a complicated ...
A: Brett, It now becomes necessary to know what the premium was, what its current surrender value, and ...
|
| Taxation on Transfer and Surrender of Single Premium Whole Life Policy Issued August 1987 | 1/29/2009 |
Q: Good Morning Willard, I sincerely appreciate you taking the time to possibly address a complicated ...
A: Policies written prior to June 21, 1988 are "grandfathered", and are not treated as MECs. So the ...
|
| follow-up: how to approach... | 1/12/2009 |
Q: My firm wrote the honest annuity; unique in that it rises in return to the investor every year for ...
A: Tom, I don't know if I can help you. For one thing, I would not refer any of my clients to Conseco. ...
|
| insurance policy | 1/11/2009 |
Q: Years ago (1970s) my parents took out a life insurance policy on a grandchild that was living with ...
A: It appears that it may go to your sister's estate. Since your sister did not know about it, that may ...
|
| Life Insurance Forgery | 12/27/2008 |
Q: My mother passed in Jan. 08. My older sister demanded on taking care of all arrangements, including ...
A: I am not a lawyer, but I feel for your loss of a sister as well as your mother. It appears that she ...
|
| finding polies | 12/20/2008 |
Q: My mom recent passed away and in all her paper work I found little books on Rio Grande Ins. So, ...
A: Do you mean Rio Grande National Life? Even if not, it still might be the same company. Below is part ...
|
| life insurance | 12/19/2008 |
Q: I have some questions about life insurance. I know insurance companies probably don't like to pay, ...
A: The life insurance industry, just as every other field of endeavor, has some parties that do not ...
|
| 2nd To Die Life Insurance Policy | 11/24/2008 |
Q: Brumbaugh, First of all thank you for this service and for the courtesy and time to review and ...
A: For reason of Federal rules, I recommend that you not make any changes in the policy until after the ...
|
| Surrender policy with loan | 11/24/2008 |
Q: I am replacing two whole and variable life policies with one less expensive term policy. I want to ...
A: As long as the VUL is over 15 years old, there should be no traps. If less than 15 years have ...
|
| Surrender policy with loan | 11/22/2008 |
Q: I am replacing two whole and variable life policies with one less expensive term policy. I want to ...
A: 1&2 The loan does not change the basic issue of the overall gain in value over net premiums paid. ...
|
| Student loans and protecting your cosigner with insurance | 11/18/2008 |
Q: Mr. Brumbaugh, My 22 yr old daughter is still a year and a half away from graduation and is already ...
A: I like the way you think. At her age the actual cost of the Death Benefit is minimal. Having these ...
|
| PLF Life | 11/6/2008 |
Q: One of our clients found an old life insurance policy issued by PLF Life. Can you help us find this ...
A: Sorry for the delay. I had been fully occupied with a booth at a Home Show. If you can tell me what ...
|
| SINGLE PREMIUM LIFE | 11/6/2008 |
Q: MY EMPLOYER OFFERS A CAFETERIA BENEFITS PLAN WHICH ALLOWS FOR REIMBURSEMENT OF INSURANCE POLICY ...
A: The Federal government has defined any life insurance policy guaranteed paid up in less than seven ...
|
| Positive ID for Life Insurance | 11/5/2008 |
Q: My brother in law was recently killed in an accident. He was badly burned. The coronor's office ...
A: A lot depends on the circumstances of his death. Because we are aware of the fraudulent claims of ...
|
| surrender of term life policy | 10/24/2008 |
Q: i wonder if you can assist me my wife has the above policy she is 54 and took out the policy in 1990 ...
A: There are such companies. but none are interested in anyone under 65 unless they are in really poor ...
|
| Help with my savings plan | 10/23/2008 |
Q: I was so happy to find this site because I am so completely overwhelmed with all the information on ...
A: I can help you, but there is a lot of personal information that we need to discuss. AllExperts.com ...
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| Term Life insurance | 10/22/2008 |
Q: If you are a term life rider, can the beneficiary cash in, or collect money when the rider of the ...
A: Term riders on life insurance policies have no cash surrender value. They are only good for paying a ...
|
| insurance | 9/16/2008 |
Q: I am listed on my ex-husband to receive benefits upon his death. I am on social security and receive ...
A: There would be no income tax on the death benefit, unless part of it was the account value of his ...
|
| Surrender of Prudential Variable Appreciable Policy | 9/9/2008 |
Q: I currently own a Prudential variable appreciable life insurance policy(bought in 1987) that I want ...
A: I don't blame you for wanting to make a change. While it is good to maintain enough insurance to not ...
|
| Flexible Premium Adjustable Life | 9/8/2008 |
Q: I have a Flexible Premium Adjustable Life Insurance Policy. The policy has a $1,000,000 face amount ...
A: Since you are not getting any cooperation from your company, I'll calculate the information myself. ...
|
| Flexible Premium Adjustable Life | 9/8/2008 |
Q: I have a Flexible Premium Adjustable Life Insurance Policy. The policy has a $1,000,000 face amount ...
A: Ideally insurance companies would adjust the mortality charges based on the actual company or ...
|
| tax penalty | 9/8/2008 |
Q: I want to surrender my whole life insurance policy. The cash value as of today is about $2800. How ...
A: You will be taxed on only the amount of the surrender value that exceeds the premiums you have paid. ...
|
| Adequate Insurance Coverage | 9/1/2008 |
Q: I am a State worker. I have Blue Cross/Blue Shield medical coverage 80/20 and life insurance (1 and ...
A: What a beautiful name! It would appear that you have at least $400,000 in life insurance. Since ...
|
| Policy was found | 8/27/2008 |
Q: My grandmother died in 1970. My mother recently (June, 2008) moved from her condo and went through ...
A: Wow!! This is great news. I believe that Prudential does owe interest on the policy proceeds. But I ...
|
| Deceased Grandmother's Life Insurance Policy | 8/24/2008 |
Q: My grandmother died in 1970. My mother recently (June, 2008) moved from her condo and went through ...
A: If they still can account for it, I was estimating the sum of the policy death benefit at the time ...
|
| Deceased Grandmother's Life Insurance Policy | 8/20/2008 |
Q: My grandmother died in 1970. My mother recently (June, 2008) moved from her condo and went through ...
A: I do not know how long Prudential keeps records on inactive polcies. Since your grandmother has not ...
|
| Beneficiary Reminder Service | 8/16/2008 |
Q: FindYourPolicy.com and what your opinion is of it. I think that it will help me keep organized and ...
A: I thank you for making me aware of this organization. It seems to be a worthy concept. It addresses ...
|
| term life policy | 8/14/2008 |
Q: i am wanting to cash in a 14year life insurance policy. the amount is $50,000. what is the formula ...
A: You have identified this as a term life insurance policy. If this is true, then there is no cash ...
|
| Life Insurance | 8/8/2008 |
Q: I have a $10,000 whole life insurance policy with Prudential that was taken out in 1974 when I was ...
A: A. Prudential should be able to provide a record of all actions that have resulted in the loan that ...
|
| life insurance | 8/7/2008 |
Q: Can I get life insurance on my terminally ill boyfriend.
A: There are guaranteed issue life insurance policies, but they only pay a significant benefit if the ...
|
| Equity Indexed Life Insurance | 7/31/2008 |
Q: We've been speaking with a financial advisor and he's guiding us towards purchasing an Equity ...
A: If I were to limit my comparison of the EIUL to the mutual funds, I would say it is much safer, ...
|
| Life Insurance | 7/29/2008 |
Q: Is it legal for a daughter 50 years old to get a life insurance policy on her mother 70? she has no ...
A: I can't speak for all states, but in California people to be insured must sign the application, even ...
|
| whole life insurance designed for banking on myself | 7/23/2008 |
Q: Brumbaugh,I have read a special report by Pamela Yellen about BOY.It looks sound to me.Are there ...
A: As you may have determined by my answers, I agree in principle with the BOY concept. However, due to ...
|
| insurance | 7/13/2008 |
Q: i have always had life insurance, but have been unclear as to how they work. If for instance i ...
A: In answer to your first question, there would be a check to your beneficiary if the policy was a ...
|
| Lost life insurance policy from approx 19 years ago | 7/4/2008 |
Q: My father passed away in 1989 and had advised a close friend that he had a life insurance policy ...
A: It is highly unlikely that you could find a company that still has record of his policy, since it ...
|
| Lump Sum Life Insurance Payment and Income Tax | 6/22/2008 |
Q: My husband past last month and he told me to take the life insurance payment and pay off the farm. ...
A: I am sorry for your loss. The death benefit on your husband's policy is not subject to taxation, ...
|
| Taxes on Cash Value | 6/21/2008 |
Q: I am considering cashing in a whole life policy and wonder if I can treat the value of paid up ...
A: When a participting whole life policy is cashed out the surrender value of the paid-up additional ...
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| transfer for value? | 6/11/2008 |
Q: how can i get the cash value from 2 existing second to die policies into a new second to die policy, ...
A: If I understand your question, you want to remove your current life insurance from a Federal Estate ...
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| assingment of whole life to nursing home | 6/3/2008 |
Q: Our Long Term Nursing Home Care insurance was declined (medical reasons). However, My Life Insurance ...
A: I often recommend whole life insurance instead of LTCI, since we have a 100% chance of dying and ...
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| Life insurance quotes | 5/25/2008 |
Q: Is it safe to buy life insurance through websites like www.insure.com? ANSWER: Dear Tina, It ...
A: I strongly recommend that you contact a member of the National Association of Insurance and ...
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| Policy ownership and personal taxes | 5/15/2008 |
Q: About 20 years ago the small company I work for offered a retirement plan that amounted to a ...
A: Yours is a pretty typical "split dollar" Whole Life. Unless you "buy" the company's share of the ...
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| Lost life insurance policy | 5/9/2008 |
Q: I am searching for a lost life insurance policy my Dad purchased for my Mom and paid in full before ...
A: I have been successful many times with this kind of problem; but I'm not sure I can help you at this ...
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| life ins. dividends | 5/9/2008 |
Q: I received a 1099R for 2007 dividends on my policy. Dividends are retained by the insurance company ...
A: Yours is the first example that I have seen that reveals something that I have been aware of as a ...
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| Life Insurance | 4/23/2008 |
Q: I recently divorced my wife of 30 years. Through my work I took out a life insurance policy when i ...
A: I have never run into a situation like yours. I would have to know how the identity of the insured ...
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| "Becoming Your Own Banker" Nelson Nash | 4/17/2008 |
Q: Is it a scam or is it for real? Thinking of starting a policy for my 3 year old son. Not for the ...
A: This is not a scam, but I think that you are putting the initial coverage on the wrong person. One ...
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| Rio Grande National Life Insurance Company | 4/13/2008 |
Q: I am helping a disabled friend whom is the executor on his father's estate and have come accross a ...
A: A year ago I learned that Rio Grande National had been acquired by Kentucky Central. The policies ...
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| copy of policy | 4/11/2008 |
Q: I bought a life insurance policy over 20 years ago from equitable ins co. They have gone public and ...
A: Your original Equitable policy should be all you need. If you have lost it, the $25.00 charge is ...
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| cashing out whole life | 4/10/2008 |
Q: I purchased a $20,000 whole life policy in 1975 and have kept current with the annual premium. The ...
A: The day that I first came into the life insurance industry I was shown a picture of a man receiving ...
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| lost life insurance policies | 4/9/2008 |
Q: My father took out a life insurance policy on my behalf in 1955. It was a 20 yr pay whole life that ...
A: If it was in fact Globe Life, if you submit your Social Security number or your father's as the ...
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| What is the best way to get out of an EIUL policy | 4/7/2008 |
Q: One is for 400K and the other for 250K. However, we still do not completely understand the policies ...
A: Clarification: 1. I believe that one of the options in the EIUL is a traditional interest bearing ...
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| Life & Mortgage Insurance | 4/3/2008 |
Q: It will be 5 years ago this August that I have been free of cancer. Currently the only "life" ...
A: In order to answer your questions, I need more information. 1. Your date of birth 2. State of ...
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| life insurance and implacations | 3/10/2008 |
Q: My husband is the owner and beneficiary of a insurance policy on his parents, they have been paying ...
A: The rule concerning gifts is that the recipient is free to do whatever he wants with that gift. ...
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| cash value life insurance question | 3/5/2008 |
Q: A single premium whole life insurance was bought for me when I was a child. I am now in my late ...
A: It looks like your cash value is about twice what was paid in. If you were to simply cash out the ...
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| Life Insurance Beneficiary not a relative | 2/27/2008 |
Q: My brother recently died; having never married, without children or living parents. I am the ...
A: Since the former girl friend appears to be the beneficiary of your brother's policy, she is under no ...
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| Whole Life Insurance | 2/20/2008 |
Q: I am 64 and a State retiree. I have been offered a $10,000.00 whole life insurance policy through ...
A: This is a very good offer. I just did a comparison with a company that provides 25% first year, 50% ...
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| beneficiary of life insurance | 2/12/2008 |
Q: My father recently passed. We are not close with his girlfriend. However my brother was recently ...
A: Policies have to be paid for, so one source of information would be his checking account history. ...
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| whole life with pua rider | 1/23/2008 |
Q: just downloaded "bank on yourself" by Pamela G. Yellen who claims this is a better retirement or ...
A: While I do endorse the BOY concept. I would not recommend going through her organization. There are ...
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| Life Insurance Beneficiary | 1/2/2008 |
Q: My husband and I have been married for two years. Before we were married, he named his mom and dad ...
A: Most likely, until your husband actually changes the beneficiary designation on his company ...
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| tax on insurance money | 12/31/2007 |
Q: I received $10,000 from an insurance policy that my mom had for my sister and myself. How much tax ...
A: If this was the death benefit of your Mom's policy, there is no income tax. And you have my ...
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| Gerber Life Insurance | 12/27/2007 |
Q: I have been thinking about Life Insurance for my family for a very long time, but never decided to ...
A: The Gerber Life policy is as good as it looks. It is the one mail order company that offers a good ...
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| whole life insurance | 12/24/2007 |
Q: Mr. Brumbaugh, My wife and I each own $50,000 whole life policies purchased about 7 yrs ago. The PUA ...
A: The answers are yes and yes. However to surrender these policies and replace them with term ...
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| Trouble Obtaining a Death Certificate | 12/13/2007 |
Q: My husband is trying to obtain a death certificate for his aunt who died a year ago for a life ...
A: At this point I don't have an answer, but I do have a question. Who is the beneficiary on the life ...
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| Life Insurance Policy | 12/4/2007 |
Q: I was with my ex for less then one year. During that time he took out a life insurance policy on ...
A: It is legal, and the policy is still valid. As for getting it cancelled, I think you might need a ...
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| Owner & Beneficiary Designation | 12/3/2007 |
Q: Are there any negative tax consequences of a wife owning a whole life policy on her husband and ...
A: I have not found documentation dealing with this scenario. Therefore you are actually one step ahead ...
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| About Bank On Yourself | 11/16/2007 |
Q: I read some of your answers to the BonY topic and I really appreciate your thoroughness. The problem ...
A: I also live in Southern California. It is my primary company that is in the 12 of 13 western states. ...
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| EIUL good for me? | 11/7/2007 |
Q: I am a 27 year old female educator who was convinced to buy an EIUL policy two years ago. I don't ...
A: A Roth would be a good way to go, especially if you can afford to deposit only the current $4,000 ...
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| Equity Indexed Universal Life | 11/5/2007 |
Q: In the book "The Last Chance Millionaire" the concept seems to be that the EIUL vehicle is best for ...
A: I first want to assure you that I do have this policy type available to offer, so I am not speaking ...
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| Life Insurance Surrender Value | 10/22/2007 |
Q: About 21 years ago, my husband and I purchased a "flexible premium adjustable life insurance policy" ...
A: There are two ways to look at the surrender value of your policy. You could view it as like the ...
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| EIUL | 10/20/2007 |
Q: I NEED HELP ON DECIDING IF I SHOULD GET EIUL OR GAURANTEED UNIV LIFE, I NEED TO USE THE BEST ...
A: I never wanted to say that! Your questions show an unusually acute ability to see past the hype. ...
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| Whole Life Cash Value Surrender | 10/18/2007 |
Q: I have decided to surrender a whole life policy I have. The net cash surrender value from the most ...
A: You would be taxed on the difference between the surrender value and the sum of the annual premiums ...
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| Equity Index Universal Life insurance | 10/14/2007 |
Q: I am 48 yrs old and self employed. Should I consider transferring my sep to an Equity Index UL? ...
A: In my opinion that would be a step up from where you are right now. But if you do it all at once you ...
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| life insurance transfer | 10/8/2007 |
Q: 2 people own a business together and have life insurance policies where the other is the ...
A: Why?!! If the company were to own the life insurance, then the surviving partner would be subject ...
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| eiul for retirement | 9/6/2007 |
Q: I have read the book misfortune 101 and I was very excited on many things Mr. Douglas Andrew had ...
A: I thank you for coming to me with this particular question. I believe that Mr. Andrew over-stepped ...
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| Life Insurance-- Suicide | 8/24/2007 |
Q: My husband had a $300k policy for just over a year when he committed suicide. The death ...
A: I am so sorry for your loss. Most companies have a two year contestable period in the policies. This ...
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| Bank on yourself Whole Life policy interest rates | 8/18/2007 |
Q: If a person is evaluating whole life policies, in today's environment, what is a usual rate of ...
A: Competitive whole life products today are in the 4.5-5% range. This is the low point in my 38 years ...
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| Parent's policy on me, but I'm married | 8/14/2007 |
Q: Is it legal for my parents to hold a life insurance policy on me with them as the beneficiaries if ...
A: It is absolutely legal for them to maintain ownership on a policy on you. Your marital status has no ...
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| BOY / Life Insurance .. a good concept? | 7/30/2007 |
Q: Willard, I am not at all savy with life insurance or the bank on your self concept either. Over ...
A: It would be helpful for both of us, if you could request a projection of values based on a ...
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| Variable Life Insurance plans | 7/23/2007 |
Q: Ten years ago when we were young and stupid , we started two of these Life Insurance plans ( one of ...
A: Variable Life policies were designed and have been continually marketed for people who naively ...
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| be your own banker | 6/19/2007 |
Q: Wow so much stuff!! which is better index equity universal life or whole life. I am trying to move ...
A: I hope you have first been able to put the 401(k) into a "pour-over" IRA. Once you have done this ...
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| Cashing out a Life Insurance Policy | 6/15/2007 |
Q: I am 60 years old and considering cashing out a life insurance policy. Is there a way to transfer ...
A: This sounds like a Prudential Appreciable Life policy circa 1980. Whatever it is, I might have an ...
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| Cashing out a Life Insurance Policy | 6/10/2007 |
Q: I am 60 years old and considering cashing out a life insurance policy. Is there a way to transfer ...
A: Should you cash out your life insurance policy, and receive more than what you paid in, it will be ...
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| Keep or surrender cash value? | 6/5/2007 |
Q: I am newly married, and we are thinking about purchasing our first house. I have very limited life ...
A: Your father has done you a favor. Assuming that you are in your early 20s, the actual cost of your ...
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| Hep C | 5/29/2007 |
Q: I have a question. I was exposed to the hepatitis c virus.(I found that out 6 years ago). I test ...
A: There is an outstanding small life insurance company based in Spokane, doing business in 12 of the ...
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| UNIVERSAL LIFE WITH EQUITY INDEX | 5/29/2007 |
Q: is Equity Index UL a good retirement option? ANSWER: Dear Sam, We have no way of knowing. These ...
A: Unless these people are willing to offer one of the policy types that I recommended in my previous ...
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| UNIVERSAL LIFE WITH EQUITY INDEX | 5/29/2007 |
Q: is Equity Index UL a good retirement option?
A: We have no way of knowing. These policies have a guaranteed interest rate of one or two percent. ...
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| lost policy | 5/18/2007 |
Q: my step mother dies in march, and before she died she told my dad she had a $22,ooo.oo cancer ...
A: Three companies that come to mind that might have what you are looking for are: AFLAC American ...
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| full cash value life insurance | 5/18/2007 |
Q: we recently purchased a fcv life insurance policy per our financial planner. Now we are having ...
A: I am not sure what you mean by a "full cash value" policy. But as a general principle in the long ...
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| Lost Life Insurance Policy | 5/3/2007 |
Q: My father passed away over a year ago now. Before he died he told me he had life insurance his wife ...
A: I am sorry for your loss. But you try these. 1. Contact the bank where he had his checking account. ...
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| Bank On Yourself | 5/2/2007 |
Q: I know very little about investments and life insurance. I have been considering going with the ...
A: Lafayette Life is a good company, and Nelson Nash's "Becoming Your Own Banker" is a good concept. ...
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| bank on yourself | 5/1/2007 |
Q: I'm looking into the bank on yourself idea. Is this a scam? What if the insurance co. goes under? ...
A: The concept properly applied is not a scam. However, one must be careful to use the right kind of ...
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| Life Insurance-Dividends on Deposit | 4/18/2007 |
Q: On an Individual Life Insurance policy statement, assuming no loans are in effect and that premium ...
A: Dividends on deposit or accumulated dividends are merely a refund of over charge of premium held at ...
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| Rio Grande National Life Ins Co | 4/9/2007 |
Q: I have a very small life insurance policy from 1939 that belongs to my grandmother; my father is the ...
A: It took some doing, but I found three possible companies that you might call to get service. If the ...
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| Children | 4/7/2007 |
Q: I am divorced from my children's mother. I have full custody. Can the children take out a term life ...
A: There are a number of reasons why this cannot be done. 1. You need the proposed insured's ...
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| life ins amt less than total paymts | 4/6/2007 |
Q: please help me on this.. I'm very confused... have modified whole life $10.000 on my mother dob ...
A: The surrender value of the policy is not relevant to the purpose of the policy. The real issue is ...
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| life ins amt less than total paymts | 4/6/2007 |
Q: please help me on this.. I'm very confused... have modified whole life $10.000 on my mother dob ...
A: The premium that your mother has been paying is appropriate for the type of policy she bought and ...
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| BOY concept?? | 3/27/2007 |
Q: I bought into this concept 10 years ago and have around $65000.00 available to borrow against my ...
A: The fact that Canada Life demutualized has no direct bearing on the personal banking concept. On the ...
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| BOY concept?? | 3/27/2007 |
Q: I bought into this concept 10 years ago and have around $65000.00 available to borrow against my ...
A: I need to preface my answer by stating that I am not doing business with Canada Life. Are you ...
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| cash surrender value globe life insurance | 3/23/2007 |
Q: my grandfather purchased insurance for my when i was welcomed to the world at a 40,000 value. i am ...
A: Cash value is the surrender value of the policy. Eventhough the term "cash value" has been used by ...
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| life insurance. | 2/17/2007 |
Q: Long story short - husband has been paying for life insurance for 10 years. Now they want to ...
A: It would be good to know why the company has communicated a need for a higher premium. Is this a ...
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| Another Bank on Yourself Question | 1/19/2007 |
Q: sir. I wonder if you might know of a few companies/products that would meet some of the salient ...
A: Do I ever wish you were in California. In my opinion you are better informed about life insurance ...
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| should I buy a VUL? | 1/14/2007 |
Q: Now I have a few questions in my mind. 1. How much I come borrow against my policy? 2. How much I ...
A: I'll take the questions in reverse order. 3. The purpose in borrowing the money is to enhance your ...
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| Rio Grande National Life Insurance Policy | 1/11/2007 |
Q: My mother-in-law recently passed away. We found a life insurance policy issued by Rio Grande ...
A: I have learned that Rio Grande National had been acquired by Kentucky Central. The policies that ...
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| should I buy a VUL? | 1/11/2007 |
Q: a agent is trying to sell me a VUL in which I should put $500 each month. I am a 50 years old single ...
A: Please read the additional information at the end of the original answer. I'm guessing that you ...
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| follow up bank on yourself question | 12/28/2006 |
Q: Mr. Brumbaugh, Thank You for your prompt response on the AllExpert.com site. i appreciate the info ...
A: Sorry for the delay. I've been out more than I have been in the last few days. This personal ...
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| Using Whole Life Insurance | 12/27/2006 |
Q: Are you familiar with the Banking on Yourself system of buying whole life insurance policies (with ...
A: The book to which you refer may have been authored by Nelson Nash. The edition that I had read used ...
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| help | 10/27/2006 |
Q: I need to find a way to get dental insurance. I need something that treats pre-existing conditions, ...
A: When you do a web design, you bring to it ideas that you have already stored in your mind. Suppose ...
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| old life insurance policy | 10/26/2006 |
Q: I did in fact call Ozark and they did not recognise the policy number I had . My question is when ...
A: Your Dad's company was absorbed by Kentucky Central, which then was liquidated by Kentucky's ...
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| beneficary to a life insurance policy | 10/10/2006 |
Q: My Dad just passed away and was living with his girlfriend of only 2 yrs. He had changed his life ...
A: Unless you can prove that your Dad was incompetent or that his girlfriend had used illegal means to ...
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| Insurance Death Benefit to Replace Income | 9/15/2006 |
Q: Mr. Brumbaugh, Should I calculate my family's insurance needs based of future value or present ...
A: Present value will do,if you use an earnings rate on principal required to provide income in the ...
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| Need an opinion about Cash vs. Health coverage | 9/7/2006 |
Q: Is it more appropriate to invest in life or retirement planning rather than paying tremendous ...
A: I recommend that you go with a high deductible health insurance policy and put the difference in ...
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| cash value | 8/18/2006 |
Q: i have a whole life insurance policy with AFLAC and i am considering dropping because i can get a ...
A: I was not aware that AFLAC marketed Whole Life policies. Therefore I am not aware of how competitive ...
|
| estate planning thru life ins.--some numbers | 8/13/2006 |
Q: Brumbaugh, We are considering buying a life ins. policy in a irrevocable life insurance trust to ...
A: I believe that you mean a Second to Die policy. If so, $24,000 for 15 years will easily purchase a ...
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| VUL | 7/19/2006 |
Q: I am starting to think the VUL we starting investing in 5 years ago was a sucker's bet. My husband ...
A: I appreciate your question. If the question was whether it is better to buy term and invest the ...
|
| Life insurance with no beneficiary | 7/19/2006 |
Q: My father passed away last year and his employer recently informed me of a life insurance policy ...
A: My sympathies go to you. I am sure that this reminder of your Dad's passing causes mixed emotions. ...
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| Life insurance | 7/10/2006 |
Q: My Mom passed away on April 20 of this year and left me sole beneficiary. Trying to be fair, I ...
A: I am not an attorney, so I can't tell you what the law is in this case. But I can tell you that as ...
|
| income tax on cancelling a whole life policy | 7/10/2006 |
Q: I have a 20+ year old $100k whole life policy w/ approx $20k in cash value. At age 49 and now w/ ...
A: 1. The income tax would be on the amount that the surrender value exceeds the premiums paid. Taking ...
|
| primerica joint life policy | 7/10/2006 |
Q: IS THE POLICY FROM PRIMERICA A JOINT POLICY? IF ONE DIES THE OTHER ONE IS NOT LONGER INSURED? can ...
A: I am not a Primerica agent, but if Primerica is like other companies with joint life policies, the ...
|
| Old Life Insurance Policy | 7/4/2006 |
Q: My father-in-law had a life insurance policy with the Union Life Insurance Co. of Richmond, Va. It ...
A: I contacted the Virginia Bureau for Insurance, and I was advised that American General Life and ...
|
| Lost Life Insurance Policy | 7/4/2006 |
Q: ------------------------- Oh dear, her age at the time she bought her life insurance was around 26 ...
A: Some time back you had requested my help in finding your mother's life insurance company. Have you ...
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| Lost Life Insurance Policy | 7/4/2006 |
Q: My mother lost her life insurance policy and it was paid in full. She can't remember the company ...
A: Yes, there are ways to locate lost policies. 1. Since policies have to be paid for, contact her ...
|
| beneficiary? | 6/30/2006 |
Q: I am trying to help the family of a 45 year old single female (never married, no children) who just ...
A: The one thing I can assure you of is that there will be payments made. The fact that she died ...
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| Term Insurance | 6/23/2006 |
Q: I wanted to reduce the premium. I am happy to have the policy, I just hoped to pay less. I was ...
A: Before a policy is even offered insurance companies call upon the services of a special kind of ...
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| acquiring designations? | 5/24/2006 |
Q: William I'm an ex broker with my series 7 & 63, entering the insurance space. Our focus is the ...
A: I am not familiar with the focus of the CASL designation. As you can see, I have my LUTCF. This ...
|
| Investment-linked Insurance? | 4/18/2006 |
Q: Have you heard about "Investment-linked Insurance"? What's it all about? How does it generally work?
A: I believe what you are talking aboput is the relatively new Equity Indexed Universal Life policy. It ...
|
| Universal Life Cash Value? | 4/17/2006 |
Q: My ex-father-in-law is a retired State Farm agent. When my daughter was born, he took out a $50,000 ...
A: In light of the fact that I am not a State Farm agent, I will not be able to talk to them about your ...
|
| Save With Insurance | 4/16/2006 |
Q: How small should I have a bank savings account to accompany my higher yielding tax-favored life ...
A: I appreciate your questions. This one is a toughy. You may not need one if you have a checking ...
|
| Insurance For Kids??? | 4/15/2006 |
Q: Why would a parent wants to buy insurance for his son (a toddler), for example? Hopefully not for ...
A: Rarely is it wise or appropriate, in my opinion, to purchase individual policies on children. The ...
|
| Save With Insurance | 4/15/2006 |
Q: I heard from some top agents that saving with insurance is far better that in the bank. In fact they ...
A: For most competitive life insurance companies, I would say that they are 95% correct. Permanent ...
|
| Pre existing condition | 4/10/2006 |
Q: How can a person living with HIV/AIDS legally obtain life insurance? Which type of insurance do you ...
A: There are guaranteed issue policies available. For good reason they have a graded death benefit. ...
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| life insurance beneficiaries | 3/29/2006 |
Q: My brother-in-law just committed suicide. My sister found a life insurance policy but only one ...
A: This is my second attempt to answer your questions. There was difficulty in getting it sent before. ...
|
| Life insurance needs | 1/14/2006 |
Q: I am age 50 - great health - no children - my term life insurance @ $250,000 offers automatic ...
A: Assuming you are in an occupational group that you qualify for disability insurance, I would agree ...
|
| Which one? | 12/28/2005 |
Q: My question is which one would be better, whole life or term. I just turned 37 and I am now looking ...
A: I appreciate your confidence in me. It is my judgment that most of the people that get involved ...
|
| Plan Represenative | 12/12/2005 |
Q: I have what might be a dumb question to you, but it's not to me. My husband retired 4 years ago ...
A: "Plan representative" could mean just about anything. Since the letter came from the insurance ...
|
| Re: Life Insurance | 12/10/2005 |
Q: My first question is- is the proceeds from a Life Insurance policy payoff- taxable? Secondly- can ...
A: 1/27/59: male non-smoker - $196,605 2/13/58: female non-smoker - $219,872 I noticed an age ...
|
| Re: Life Insurance | 12/10/2005 |
Q: My first question is- is the proceeds from a Life Insurance policy payoff- taxable? Secondly- can ...
A: Generally, the death benefit is not subject to income tax. However, if the beneficiary is a ...
|
| Quick Question | 10/19/2005 |
Q: I am on disability for a mental condition called OCD. Otherwise i'm in pretty good health at 45 ...
A: I have checked with the underwriting department of one of the companies that I work with, and the ...
|
| term life insurance | 7/28/2005 |
Q: I am interested in getting term life insurance for myself and my husband, but I'm so confused about ...
A: Term life insurance is a good buy when you have a temporary need, or as in your case, you have ...
|
| Policy #'s | 7/11/2005 |
Q: My dad just recently past and my mother was going through all his papers. She came across a paper ...
A: It is possible that these policies are large enough that the insurance companies would have ...
|
| canceling a policy | 6/30/2005 |
Q: Due to being out of work I am considering canceling a term life insurance policy as well as a ...
A: I am sorry for your current stressful situation. As you probably are aware, there is no surrender ...
|
| insurance | 5/17/2005 |
Q: I want to get insurance but can u recomment some changes in what I presently have. I thank you. I am ...
A: Your situation sounds like that commercial I've seen on TV. Before I can offer my ideas, I have ...
|
| Quick Question | 5/5/2005 |
Q: I was curious if somebody could recommend a very good term life insurance, that builds up value and ...
A: Just out of curiosity, are your parents Don and Wanda Sypherd? There is a truly fine little life ...
|
| Quick Question | 5/3/2005 |
Q: I was curious if somebody could recommend a very good term life insurance, that builds up value and ...
A: I believe that you are asking for a life insurance policy that builds up surrender value. If so, ...
|
| Life Insurance | 4/13/2005 |
Q: My husband is 55 and last yr. was diagnosed with very, early stage prostate cancer. His readings ...
A: Being unfamiliar with this kind of risk, I contacted a company that I thought would be in your area. ...
|
| Annuity | 2/22/2005 |
Q: Please understand that I realize that any answer to this question will be a seat-of-the-pants ...
A: It is very thoughtful of you to seek information for your student. I would like to help, but I could ...
|
| Life Insurance | 2/20/2005 |
Q: Will it be confusing or a conflict of interest to work with 2 insurance brokers to get the best ...
A: It certainly is not a conflict of interest to have more than one broker attempting to serve you. ...
|
| Life Insurance | 1/29/2005 |
Q: I have supplemental life insurance through my employer that I pay for by payroll deductions. Due to ...
A: Things may not be as dark as they seem. It is possible that this may be the type of supplemental ...
|
| Universal Life Ins. Surrender Value Decreasing | 1/1/2005 |
Q: Followup To Question -Am I thinking correctly in deciding to keep a policy in force now that the ...
A: and I wish a great new year for you and yours as well. The purpose of this site IS to take ...
|
| Universal Life Ins. Surrender Value Decreasing | 12/31/2004 |
Q: Followup To Question - Am I thinking correctly in deciding to keep a policy in force now that the ...
A: I have enjoyed our conversation. I recognize that, generally, advice that costs nothing is often ...
|
| Universal Life Ins. Surrender Value Decreasing | 12/30/2004 |
Q: Am I thinking correctly in deciding to keep a policy in force now that the surrender value is slowly ...
A: Reading your situation really revs my imagination! Congratulations on your planning so far. The ...
|
| Universal Life Ins. Surrender Value Decreasing | 12/27/2004 |
Q: Am I thinking correctly in deciding to keep a policy in force now that the surrender value is slowly ...
A: I appreciate your questions. At current interest rates your policy's equity can support a little ...
|
| Disability Insurance | 12/24/2004 |
Q: I am a self employed carpenter running my business as a sole proprietor. Is my disability insurance ...
A: Assuming you have an individually underwritten policy, my answer is no. The up-side to this is that ...
|
| Amount of life insurance | 12/23/2004 |
Q: Are you allowed to buy life insurance in the amount greater than suggested by the life insurance ...
A: Your answer is in your last question; the company will look at all factors that would support an ...
|
| Actualial Question | 12/22/2004 |
Q: There is a widespread belief that, if one spouse dies, the other spouse dies sooner than he/she ...
A: This seems to be false. The second to die actuarial table suggests that the surviving spouse will ...
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| universal or term insurance | 9/12/2004 |
Q: Currently I have a $200,000 Universal Life policy on me and $100,00 on my wife and another whole ...
A: I apologize for the delay in answering, but I was at the NAIFA Convention and have just gotten ...
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| life insurance | 9/5/2004 |
Q: Is it possible for an insurance salesperson to insure his elderly parent with Alzheimers? His ...
A: The only kind of life insurance policy that would be available would be a graded benefit guaranteed ...
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| Life Insurance for elderly | 9/2/2004 |
Q: Any suggestions on finding a reasonable life insurance policy for a man 54 about to turn 55 in a ...
A: First, as a young man of 63. I take exception to your referencing age 55 as elderly. The argument ...
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| LIFE INSURANCES | 5/25/2004 |
Q: I NEED TO KNOW THE DIFFERANCE BETWEEN WHOLE LIFE INSURANCE AND TERM LIFE INSURANCE, WHICH IS THE ...
A: I will answer from simple to detailed. Globe Life is NOT your best choice. In fact there is only ...
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| Whole Life Insurance Profit | 5/17/2004 |
Q: I have a whole life policy for $100,000 starting from age 20 to 100. I pay $100 per month. After ...
A: Follow-up information I applied that $100 per month to my primary carrier's Special 11 Whole Life ...
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| Insurance | 5/7/2004 |
Q: I am sorry. I made a mistake of the cash value in my original question that I sent to you. The ...
A: It appears that you have a traditional Participating Whole Life Policy with dividends accumulating ...
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| Straight Life Insurance | 5/6/2004 |
Q: I have a question. I can not figure out what to do regarding my life insurance policy. I am 63 ...
A: Mischke, I am surprised at the low insurance fund value of your policy. Can you tell me more about ...
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| Life Insurance Benefits taxes? | 4/12/2004 |
Q: My husband passed away last year. I know I have to file his 1040 jointly; but do I have to claim ...
A: I'm sorry for your loss. If the life insurance policy was one that you or he owned, there usually ...
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| life insurance | 4/2/2004 |
Q: If I cash in my life insurance (whole) and receive a lump sum payment. What are the tax ...
A: I will give you more answer than you have asked for. If you were to cash out your policy, you would ...
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| life insurance | 2/4/2004 |
Q: 1)I already have term life, I now have an opportunity to get a small whole life policy. I wanted a ...
A: While I agree with you that a Whole Life policy in the long run is better than Term life insurance, ...
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| Whole Life Insurance | 1/3/2004 |
Q: I have a whole life policy, through the Nights of Columbus. There is a respected financial advisor, ...
A: Ms Orman proves that you can't believe everything that you read. It is obvious to me that she has ...
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| Life insurance | 7/1/2003 |
Q: I am been meeting with a financial planner and he is pushing me to buy 2 whole life insurance ...
A: You are right; the amount of death benefit that he is suggesting does seem high in your current ...
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| variable annuities | 3/16/2003 |
Q: I've been approached by a company called World Financial Group to sell their variable annuities ...
A: I am not familiar with World Financial Group, but I certainly understand the concept. Financial ...
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| Gerber insurance plan | 3/11/2003 |
Q: and thank you for your willingness to help out. I recently got a brochure from the Gerber Life ...
A: This is a distressingly good offer. I say this because it is the only direct marketing life ...
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