If you weren't in the annuity, what is your return objective? If the objective is higher than 3%, surrender and pay the penalty and ordinary income tax. Otherwise, moving to a variable annuity, you still face the 10% fee if surrendered before age 59 and all gains taxed at ordinary rates. Do you anti...
Need recommendations for first time birders. We live in Middle Tennessee next to several acres of woods. We have a deck that we tried hanging feeders but our squirel population is large and they ruined it.
33 years in the insurance business has taught me to view annuities on only the guarantees. I am less concerned regarding the potential failure of an insurance company. I have never seen any insurance contract with an insolvent company not pay the guarantees.
Being a trustee that requires on going maintenance is a task I would be very careful accepting. It is an honor that he has that kind of trust with you, but I would try to steer him toward using a corporate trustee.
Ask for a sample policy. What is the maximum daily benefit you can chose? At your age the simple inflation with a cap is a problem, that could be offset by choosing a higher daily benefit. Obtain a quote from an agent for similar benefits with other companies.
What are benefits? Is there an cost of living rider? Are rates guaranteed? Is the employer making any contributions? Is it portable? If rates aren't guaranteed, what is their history of rate increases?
If you have health issues that potentially alters yor life expectancy, certainly you should keep the policy and assuming it is a dividend paying company change dividends option to buy paid up additions.
Why do you want a no exam term policy? These policies,compared to medically underwritten plans, are substantially more expensive. They still ask medical questions and often run rx checks and ask for doctor statements.
Rock climbing risk is determined by the type of climbing, the gear used, where it is done, experience, altitude and other factors. Some companies are more liberal than others. Try to find an agent that has experience with this issue.
Ask the CLU what is the minimum death benefit you can buy without the policy becoming a modified endowment contract. Will you own the policy? Does the employer have a lean against the policy via a split dollar arrangement?
The company match changes everything. Some salesman sure made someone an impressive pitch. I would see how much flexibility you have in designing the policy. The best option is to buy as low a death benefit without Mec'ing out.
IMO, the only way to evaluate any annuity is what is guaranteed. The income riders make an annuity a deferred immediate annuity. Several years ago there were a couple of these deferred immediate annuities that were attractive for certain age groups if the annuitant was convinced he was going to need...
I use to think tailored clothing was a waste until I bought a tailored suit and some shirts. Never go back to the rack again. I also discovered the same thing with shotguns. I am trying to determine what I am going to reward myself with if a certain business deal goes through.
In my state BCBS offers 3 networks, one that is horrible and used mainly in the large cities, one that is more liberal and one that is virtually the same as pre ACA plans that has the widest network of any other carrier. You are correct in the 5 year blocks. The biggest difference I see in trying to...
For most of the agents I know the code is do what is right and in the client's best interest. I don't have to sign any statement regarding to pledge to do what is in the client's best interest. As in every field, there are going to be folks that act in their own best interest, it is not just segrega...
Were your brothers ACA plan subsidized? Are the benefits of the ACA plan identical to the GF plans? Every GF plan I have seen when compared apples to apples with an unsubsized ACA plan was always less expensive.
My response was not directed at you MNBob. Sorry you had such an experience but certainly not all agents act in this fashion. I've had physicians, lawyers, engineers and other individuals that didn't act in my best interest but didn't color all with the same brush. Hope you have better experience in...
There is no financial advantage to having both on the same policy. In my state of Tennessee, even the HDHP/HSA have changed from family deductible to individual deductible with a max deductible of 2 times the individual. As Brudude said, all the college plans I have reviewed are terrible
Find a good agent, talk to him and get a feel if he understands the relationship you perceive you want. You can do the conversion, but you pay the same premium with or without an agent. A good agent can help and save you time. In addition, your increase benefit might be better with another carrier i...
What is projected income, yes he will have any subsidies recaptured if he overestimates income. A short term medical plan, 11 months 29 days, may be anoption if doesn't have any pre existing conditions, although he will have to pay a penalty for this plan. Find an agent that is knowledgable and have...
If you don't have any pre existing conditions, don't need maternity coverage or anticipate needing nervous/mental disorder treatment, consider a short term medical plan. Although you will have to pay the penalty, premiums are dramatically less than ACA plans.
Thanks for the replies. I will be using this on my HighPoint 9mm carbine. The iron sights are great and I get very good groupings but have talke with others that say adding the red dot makes shooting even better.
It depends on where you reside, I've written cases with residence in many foreign countries. Not soliciting just stating it is possible, find a good independent agent with experience writing foreign residence.
You are correct, and as brudude mentioned, if your needs change and you don't need to reduce you can maintain your coverage. Make sure the policy you buy allows these reductions, your agent should be able to tell you what companies are the most flexible.