When shopping for Medicare supplement plans, it’s important to know many providers offer spousal and/or household discounts for married applicants – or those who share a residence. These discounts usually range from 5-12% depending on the insurance company guidelines. There are several providers offering supplemental premium discounts to those who qualify. AARP United Healthcare, Aetna, Anthem Blue …
Category: Articles, Medicare Supplements
It depends who you ask. For those selling annuities, the answer is usually yes. For those who only sell competing accounts like stocks, bonds and mutual funds – the answer is almost always no. Most everyone has some skin in the game and they’ll work hard to make the case for their products over others. …
Category: Annuities, Articles, Retirement Planning
Category: Annuities, Articles, Retirement Planning
Category: Annuities, Articles, Long Term Care Insurance
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning
The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use …
Category: Annuities, Articles, Long Term Care Insurance
Understanding monthly point to point annuity with cap accounts is very important if you are a current or potential indexed annuity investor. Typically, these accounts offer some of the highest potential for yearly returns when markets steadily trend upward. This post is the second in our ongoing series discussing indexed annuity sub-accounts. Our first was an explanation …
Category: Annuities, Articles, Retirement Planning
In response to market demand, several insurance companies are offering annuity accounts with a guaranteed death benefit rider. These new riders increase the contract value each year by a guaranteed interest rate. The annuity death benefit proceeds will be passed on to the insured’s beneficiary(s) in a lump sum – or over the course of a predetermined …
Category: Annuities, Articles, Retirement Planning
If you own or are considering investing in fixed-indexed annuities, it is important to understand how a point to point annuity sub-account works. In this post, we will discuss how these accounts operate and what investors can expect from them. Considered the most conservative of most indexed annuity investment options, point-to-point accounts are the least complicated. There …
Category: Annuities, Articles, Retirement Planning
Tags: point to point annuity, point to point indexed annuity
Category: Annuities, Articles, Retirement Planning
We have written extensively about the benefits and limitations of annuity income riders. There is a lot to learn about these accounts and we do our best to educate consumers online, over the phone and in person. The purpose of this article is to discuss some of the innovations with newer income riders. Not all are …
Category: Annuities, Articles, Retirement Planning
Now that the Supreme Court has upheld most of the provisions in the Patient Protection and Affordable Care Act (otherwise known as Obamacare) high income investors can expect to pay higher taxes on most investments. Legislative changes of this magnitude certainly come at a cost and in order to pay for Obamacare, investors must now share more of …
Category: Articles, Health Care Reform, Wealth Transfer
Asset based long term care is quickly growing in popularity as those nearing retirement plan for potential long term care costs. There are only a few companies marketing long term care annuity policies and Mutual of Omaha is one of them. Their policy is called the Living Care Annuity. The primary advantages of their hybrid annuity …
Category: Annuities, Articles, Long Term Care Insurance
Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning