Other Types of Life Insurance

Accidental Death Insurance

This type of insurance can be a stand -alone option but frequently is added to an existing life policy.

It is also known by its other name “Double Indemnity coverage” it covers only accident related deaths, whereas regular life insurance which covers all causes of death. As example, if you had a life policy with a face amount of $100,000 death benefit, plus an additional $100,000 accident death benefit rider, if you die from regular illness they will pay $100,000. But if your death is caused by accident, they will pay $200,000!

Note, if you need $200,000 then be sure to get that amount in coverage, rather hoping to get that amount by accident.

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Compliance with the Employee Retirement and Income Security Act (ERISA) rules have been a major issue of trustees and plan sponsors since this important legislation was passed in 1974.

Prior years to ERISA, a company could have a pension/retirement plan not backed by anything, if the company wasn’t profitable or went out of business, the retirement monies vanished and workers suffered. There were no official oversight of pension plans (401k & IRAs weren’t around then) there were abuses that’s why the 1974 law came to be.

Standard employee retirement plans now include many options, pensions and 401k, profit sharing, SEP IRAs, solo 401ks, Roth IRAs, but no matter what account you may have setup for retirement all plans m...

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Top 5 Estate Planning Suggestions for Women

52% of women enter a marriage with assets equal to or greater than their spouse

33% of women are the primary contribute equal to household

Women control over $14 Trillion in assets

Women will control over $20 Trillion in assets by year 2020

  • Have A Durable Power of Attorney

  • Create A Revocable Trust

  • Create Your Own Estate

  • Get Long-Term care insurance

  • Account for Your Assets

You need these 5 formulas to setup your strategy






Money: No matter how much you start with just, Do it, it’s never too late!

Time: The more time you have ahead, the better

Rate of Return: This is the return that you are receiving on the monies invested

Inflation: This is called the silent killer because inflation takes away from your rate of return, it eats away at your earnings ever so slightly.

Taxes: Taxes is also a killer of wealth accumulation.

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Most pre-retirement payments you receive from a retirement plan or IRA can be “rolled over” by depositing the payment in another retirement plan or IRA within 60 days. You can also have your financial institution or plan directly transfer the payment to another plan or IRA.

How do I complete a rollover?

  1. Direct rollover – If you’re getting a distribution from a retirement plan, you can ask your plan administrator to make the payment directly to another retirement plan or to an IRA. Contact your plan administrator for instructions. The administrator may issue your distribution in the form of a check made payable to your new account. No taxes will be withheld from your transfer amount.
  2. Trustee-to-trustee transfer – If you’re getting a distribution from an IRA, you can ask the financial institution holding your IRA to make the payment directly from your IRA to another IRA or to a retirement plan. No taxes will be withheld from your transfer amount.
  3. 60-day rollover – If a distribution from an IRA or a retirement plan is paid directly to you, you can deposit all or a portion of it in an IRA or a retirement plan within 60 days. Taxes will be withheld from a distribution from a retirement plan (see below), so you’ll have to use other funds to roll over the full amount of the distribution.

IRA one-rollover-per-year rule

You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over.

Beginning after January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own.

The one-per year li...

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Long term care (LTC) is a concern that more families should be aware of and plan for in the future. The facts show that most people know of someone or (Friend or loved one) who cannot work for whatever reasons. (medical, car accident, etc, etc) But the mortgage, car payment, food still comes every month.

Unless you have socked money away, you can be in a severe situation. Even if you had $300,000 saved why use it when you can have LTC insurance pay you!

Who needs long-term care insurance?

70% of people over age 65 will require some type

40% of those receiving it are between the ages of 18 and 64

Many get it while they are young and healthy as a rider o...

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Have you ever heard of the Rule of 72? A few of us might have learned about this in grade school, others maybe in business school, however so, It’s the magic of Compounding Interest!

One of the most important discoveries for investors to show them how money doubles if not taxed. Knowing this helps in calculating how quickly your wealth will grow.

Another point of interest that’s crucial to mention is the rule of 72 works in both ways! It can grow your money (Yah!) or/and it can show you how your credit card debt is growing against you! (oh No!)

Have you ever had a high credit card balance…, you paid the bill every month on time and despite numerous payments the balance of the bill seems to barely go down? It’s d...

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Compound Interest


Compounding is a function of the return you get and time. If you start with .01 cents and it compounds for 30 days, did you know you would have over $5,000,000.00 dollars!

For most people a 3 to 7 percent is realistic, but time is a diminishing commodity. So the younger you are, the more time you have to really make compounding work for you, and the wealthier you can become.

The next best thing to starting early is starting now. Consider this example: Sara, a 22-year-old university graduate, saves $300 per month into an account earning 10% per year for 6 years. Then at age 28, she starts a family and decides to stay home with the children full time. By then, Amy had kicked in $21,600 of her own money. But even if she doesn’t contribute another cent ever, her money would grow to a million bucks by the time she turned 67, just in time for her retirement!

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Do you remember when famous tech stocks like fb-facebook, twtr-Twitter and snap-Snapchart were IPO’s?

Hopefully one day if you're an entrepreneur, you will build your company into a successful brand that can be publicly traded on a stock market. Essentially that is what an IPO, or Initial Public Offering, is. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. Even after an IPO, publicly traded companies can revert back to being private entities if they so choose.

An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve their business, purchase assets, or provide a di...

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