1
nov

Life Insurance for Foreign Nationals

Posted by Life Insurance Basics, Life Insurance Business Planning, Life insurance Planning, Personal FinanceNo Comments

Life Insurance for Foreign Nationals

If you’re a foreign national, you could have access to U.S. life insurance.  Life insurance for foreign nationals can provide access to highly rated U.S. companies, U.S. dollar denominated coverage and a diverse choice of products not found in other countries.  Life insurance planning for foreign nationals could also offer valuable tax advantages that can be used for estate planning, business planning and income replacement to name a few.  Here’s what you need to know about life insurance for foreign nationals.

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5
may

Now is the Best Time to Buy Term Life Insurance

Posted by Life Insurance Basics, Life Insurance Business Planning, Personal Finance, UnderwritingNo Comments

Buying life insurance online

Now is the Best Time to Buy Term Life Insurance

There has never been a better time to buy term life insurance.  It seems almost every month we are getting a notice that some company has dropped its rates.  Most companies are trying their best to provide the most competitive rates in order to get more market share.  This is great news for consumers as term life insurance rates have never been lower.  Not only that, many life insurance companies have tried to streamline their application and underwriting processes to make the process of purchasing life insurance easier for consumers.  Here is why now is the best time to buy term life insurance.

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12
nov

Uninsurable Medical Conditions for Life Insurance

Posted by Life Insurance Basics, Life Insurance Business Planning, Life insurance Planning, Life Insurance With Health Issues, UnderwritingNo Comments

Uninsurable Medical Conditions for Life Insurance

Life insurance underwriting has come a long way over the years.  As medicine and medical technology in general have improved over time, it has become somewhat easier to get affordable life insurance rates with moderate health issues.  That’s the good news.  The bad news is that in certain instances, you will automatically be declined for life insurance if you have certain medical conditions.  Before you consider applying for life insurance, it is important to know if your medical condition makes you uninsurable.  Here is a list of some medical conditions that could make you uninsurable for life insurance.

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19
feb

Is AICPA Life Insurance Worth It?

Posted by Life Insurance Basics, Life Insurance Business Planning, Life insurance Planning, Life Insurance With Health Issues, Product/Company Reviews, UnderwritingNo Comments

Business concept: CPA on digital backgroundIs AICPA Life Insurance Worth It?

Like many other member associations, the American Institute of Certified Public Accountants (AICPA) allows its members the opportunity for group rates on various life insurance products.  It might be tempting to go the group rate route for most people since it is usually easier to apply and requires less underwriting than traditional fully underwritten policies, but most group policies have drawbacks such as increasing premiums and limits on coverage.  In fact, if you are willing to take the time to apply for a fully underwritten policy, you could save thousands over the life of your policy.  Here is a look at how the AICPA’s term life insurance plans stack up against fully underwritten individual policies

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27
oct

Protecting Your Business Interest with Life Insurance

Posted by Life Insurance Business Planning, Life insurance PlanningNo Comments

handshakeProtecting Your Business Interest with Life Insurance

We always talk about the important personal uses of life insurance.  But did you know that life insurance is an important tool in business planning as well?  Life insurance can ensure a smooth transition for your beneficiaries and your partners if you were to die unexpectedly.  With the proper use of life insurance in business planning, you can be assured that your heirs will get the full value of your business shares without the potential hassle of long, drawn out court proceedings to determine the fair value of your business shares, should you pass away unexpectedly.  This protection can be accomplished by using life insurance for a cross purchase buy/sell agreement.

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