Insurance

The role of GMWBS in estate planning

I frequently come across clients who own Guaranteed Minimum Withdrawal Benefit (GMWB) plans or are considering purchasing one, and many don’t fully understand the plans because, let’s face it, they’re complicated. Trying to compare the different income options, fees, investments and guarantees offered by each company can be like navigating a vine- and baboon-infested jungle. […]

By Cindy D. David |November 1, 2009

6 min read

Responsibilities and liabilities of an executor

Assuming control of the deceased assets is one of the executor’s primary responsibilities. In an estate for outright distribution, the goal is to preserve the value of the assets until they’re distributed in kind or liquidated and distributed as cash. When an estate includes continuing trusts, or can’t be distributed after approximately one year of […]

By Danny Dochylo |November 1, 2009

5 min read

Insurance policies can deliver tax-free income

As licensed insurance advisors, how do we know when we’re fulfilling our clients’ needs for the proper amounts of insurance and providing the right products for their situations? It starts with due diligence, which must be performed when advising clients about insurance. First and foremost is to determine the proper amount of coverage. Typically, a […]

By John Jordan |November 1, 2009

5 min read

Insurance policies offer advantages

For the majority of people life insurance is a product which is used to provide cash and liquidity at death. The proceeds of the death benefit are traditionally used to pay off outstanding debts, such as mortgages or loans. And the cash serves to replace the lost earnings of the deceased. These proceeds allow the […]

By David Wm. Brown |November 1, 2009

3 min read