Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.
Yes, we all have an estate. Your estate consists of everything you own. So, big or small, everyone has an estate and regardless of size, you cannot take it with you when you die. Planning the Inevitable When the inevitable happens you like most people, will probably want to control how those things are devised. […]
Estate Planning -The Disconnect between the rich and poor. Like many things in life the lines between the “haves and the have nots” has been clearly defined for many years, decades; well, since the beginning of time. Society is not structured for everyone to be wealth and prosperous, at least not at the […]
One of the most import estate planning decisions that one makes is choosing Life Insurance beneficiaries. Naming who should get money after you die sounds like a simple and easy task; however, Life Insurance mistakes are common and can have devastating results. Let’s examine several common mistakes made in regard to Life Insurance: Naming a […]
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