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If you're looking for a safe and insured fixed-interest account, you'll want to compare fixed annuity accounts to bank CDs. Both offer pros and cons depending on what features are most important to you. The chart below compares the advantages and disadvantages of both accounts side by side. It's important to know that fixed annuities [...]
August 7, 2020

Category: Annuities, Articles

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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 …

January 26, 2016

Category: Articles, Medicare Supplements

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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. …

January 18, 2016

Category: Annuities, Articles, Retirement Planning

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Qualified longevity annuity contracts (QLACs) are popular retirement vehicles for those who want to create a deferred income stream later in life using pre-tax, qualified dollars. Longevity contracts were approved by the IRS in June of 2014 and offer very attractive tax reduction strategies. Many institutions offer these plans, but products like annuities from insurance [...]
May 27, 2015

Category: Annuities, Articles, Retirement Planning

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If you're looking for asset based long term care plans with supersized growth opportunities, you're in the right place. There are now two companies offering indexed LTC annuity plans. One America State Life issued the first hybrid long term care annuity and EquiTrust recently released its proprietary version. Both credit interest based on the performance [...]
January 15, 2015

Category: Annuities, Articles, Long Term Care Insurance

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It's an interesting question. In our experience offering hybrid long term care coverage, the answer is: It depends. Some of our clients benefit more from an annuity and others from a hybrid life insurance plan. We will discuss the pros and cons of each below. Some of the answer can also be found in your [...]
June 11, 2014

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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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 …

March 10, 2014

Category: Annuities, Articles, Long Term Care Insurance

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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 …

February 14, 2014

Category: Annuities, Articles, Retirement Planning

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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 …

December 26, 2013

Category: Annuities, Articles, Retirement Planning

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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 …

August 1, 2013

Category: Annuities, Articles, Retirement Planning

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There are several types of retirement annuity accounts offered from various insurance companies. The one that will work best for you will depend on your short and long term financial goals. If you are closer to or at retirement, then a single premium immediate annuity account might be best. If you are saving toward retirement, then a [...]
July 2, 2013

Category: Annuities, Articles, Retirement Planning

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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 …

May 23, 2013

Category: Annuities, Articles, Retirement Planning

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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 …

July 10, 2012

Category: Articles, Health Care Reform, Wealth Transfer

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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 …

April 10, 2012

Category: Annuities, Articles, Long Term Care Insurance

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The Pension Protection Act of 2006 became law in January of 2010. The law offers several provisions to incentivize the purchase of long term care insurance coverage. One component of this law allows you to use taxable annuity dollars to purchase a long term care insurance policy. This provision is useful if you have significant [...]
July 29, 2011

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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