An adequately funded irrevocable life insurance trust holds income-producing assets to cover the premiums on the grantor’s life insurance policy. The transfer of assets is generally not done with one lump sum. Gift taxes would apply to the transferred assets, just as they would to the assets left in the insured grantor’s estate. However, the…
If you’re searching for affordable, non-medical life insurance, the Cincinnati Life Insurance Company offers a convenient option through its Rapid Review program. This process begins with an easy online application, followed by a 30 to 45-minute telephone interview with a licensed insurance agent. Once completed, your application is submitted to an underwriter who will evaluate…
The Brighthouse Life Insurance Company offers customer support primarily through phone, with seven dedicated contact numbers and specified hours for different departments listed on its official website. However, it lacks other modern communication options such as live chat, email, or a secure messaging portal, limiting customers to phone-based assistance only. For more personalized help, you’ll…
If you’re looking for a life insurance policy offering a high level of personalized service, Sproutt Life Insurance might be your best choice. They provide unique features derived from quality-of-life indexing and a guided artificial intelligence assessment. With this technology, Sproutt can help you determine your health status and even make recommendations to improve it….
If you are looking for a universal life insurance policy, you can buy one from Banner Life Insurance. These policies are expected to last as long as regular payments are made. There are different types of coverage guarantees, including lifetime coverage and short-term coverage. The company offers a short-pay guarantee, which allows you to pay…
Medicare covers many health care costs, but not everything. That’s why many people choose Transamerica Medicare Supplement plans to help them pay additional costs such as copays, deductibles, and other bills that Medicare doesn’t cover. To get this additional coverage, you first need to check if you qualify for Medicare assistance. You can do this…
Transamerica is an American holding company that owns various life insurance companies and investment firms. These companies operate primarily in the United States, offering a wide range of financial products and services. These include life insurance, supplemental health insurance, investments, and retirement services. However, not all of their products are the same. There are a…
If you are thinking of buying a life insurance policy, consider purchasing a paid up life insurance policy. These types of plans are usually offered with cash value components. If you want to avoid paying premiums out of pocket, you can request to convert the policy to paid-up status. You will no longer pay any…
If you’re considering buying a life insurance policy through Lincoln Heritage, read on to learn how it works and how to protect yourself from scams. Here, we’ll discuss the price and rejection rates of this insurance policy, as well as review its reviews and complaints. To get a better idea of how Lincoln Heritage works,…
You may have several questions if you’re considering life insurance with USAA. These questions will include the following: What are the Limitations of USAA’s life insurance? Who is eligible for coverage, and what are the Rates? Read on to learn more. The information in this article will help you decide on the right life insurance…
