To insure is to assure, says the catch line of a prominent ad of an insurance company. Insurance enables people to recover their losses in case of an unfortunate accident or loss. By obtaining an insurance policy, you can protect yourself from any form of risk to your life, property, health, or commodities.
Will the Estate Tax Ever Go Away?
The Estate Tax is the tax that the government puts on the assets that are transferred to your beneficiaries when you die. It does not look like the estate tax will permanently go away. However, with careful planning, you can reduce taxes substantially.
The Importance Of Saving Money For The Future
Money in my opinion is not the most important thing in life, but it is nice to know that you have a certain amount of money, saved or invested, which you can use if needed. I actually think that health and happiness are the two most important things in life. Having this pool of money helps to keep me healthy and happy, as it means that I do not have to stress as much about the future.
Using Life Insurance Wisely
Every family should have a life insurance policy on at least one of the financial providers. A policy should always be in place in case one of the primary breadwinners passes away so that the family will be able to support itself if no other source of income is available after the breadwinner dies.
Should Your Life Insurance Policy Be Written In Trust?
According to one of the largest UK life insurance companies, just 1% of life policies are written in trust. That is disgraceful and reflects poorly on the financial industry.
Let’s explain.
If your life insurance policy is Written in Trust then, in the event of a claim, the insurance company pays out directly to the beneficiaries you name on the policy. The significance of this is easily missed.
It means that if the policy is Written in Trust, the proceeds fro…
Life Insurance. How The New Regulations Affect Policies Written In Trust.
In his spring Budget the Chancellor Gordon Brown announced swinging measures to tackle the use of Trusts being used to avoid Inheritance Tax. The immediate reaction amongst the financial and legal fraternity amounted to panic and confusion. Within ten days of the budget speech the estimates of the numbers of people that could be hit by the new anti-trust provisions hit 4.5 million.
Then, following the publication of the draft Finance Bill, the estimates fell to 1 million …
Life Insurance – Money Saving Top Tips
More and more people are buying life insurance online and the numbers seem to be doubling every two years. The reasons are clear. Prices are lower on the Internet and life insurance is fundamentally a simple insurance product.
Despite the underlying simplicity of life insurance, most web sites channel their online clients through a telephone based help and advice service manned by experienced personnel. They represent your safety net so if a little technical knowledge is …
Life Insurance – Top Tips for buying online
Buying life insurance online is easy but this article provides 5 money saving tips that the man in the street would otherwise be unaware of. Essential reading.
Buying Life Insurance? One Tip To Save You Thousands!
Its simple, always have your Life Insurance policy Written in Trust. This may sound technical but it is easy to understand and its so easy to organise.
Written in Trust ensures that in the event of a claim, the policy will pay directly to the beneficiaries you name on the policy when you first take it out. If you do not do this, the policy will payout to your legal estate and this inevitably means that the money stays in your solicitors hands for some time.
Yes,…
Buying Life Insurance? One tip to save you £thousands!
A top life insurance tip to save some people 40% tax and ensure their policy pays out with the minimum of fuss. Only applies to the UK.
Trust funds guide
A Trust is perhaps the best channel to keep your money and other assets safe and secure for your future generations. It is a lawful creation that isolates your money for specific reasons.
Offshore Banking – When It Pays To Go Abroad
While you might presume anyone with money in offshore accounts is involved in some scurrilous business affairs, the truth is that anyone can use this form of investment as a totally legitimate way to defer or reduce your tax payments.