According to today’s John Hancock’s “LTC Newslink”, the California “Launch Kit” will be available online beginning Monday, Feb. 20. The web page is up www.johnhancockltcincalifornia.com, but the link on that page for the CA Launch Kit is not yet operative. Since Monday is a holiday for many, my guess is that it might not be [...]
In a recent LIMRA study, more that 40% of Americans have no life insurance. Young families constitute a large number of those Americans. As a licensed insurance professional, you have the tools to provide the one financial vehicle that will provide an income-tax free lump some of money to the family in the event of death. In these [...]
67% of workers in the private sector have no long-term disability insurance. Source: Social Security Administration, Fact Sheet March 18, 2011.
This plan of permanent life insurance is getting a lot of attention for some very good reasons: Principal is guaranteed. You may experience little or no gain in cash value in a given year, but basis is guaranteed and some contracts have a floor of up to 2% credited interest rate. Upside market potential not found [...]
Feb. 7 – Unum Group Corporation is getting out of the group long-term care insurance (LTCI) and preparing to increase the premiums it charges for in-force group LTCI coverage. This should open up greater opportunities for group carriers that stay in the market, and create higher demand for individually owned LTC coverage. Group LTCi is [...]
John Hancock LTC Insurance plans will be available again for marketing and sales in California on February 27th. This information will be made public later in the week. Many people will want access to materials and software in advance of the product release. Under normal circumstances, the roll-out process would allow for that. However, given the [...]
Announced this morning, Prudential is “temporarily” suspending sales and marketing of their LTC3 in California. Applications for the current version of the LTC3 product in California must be received in the Prudential Long-Term Care New Business area by Wednesday, February 29, 2012, to be considered for issuance. Individual applications received March 1, 2012, or later, will [...]
As an advising professional, chances are you are under-insured. You haven’t stopped to really evaluate what would happen to you and your family if you were to die prematurely because you’re too busy helping others. Don’t make it a big chore. If you are healthy, don’t use tobacco, and have have a reasonable height to [...]
Q. Where does DI fit within the financial planning process? A. Financial planning begins and ends with income planning. Clients that depend on an income must do all they can to protect it from being eliminated or interrupted. Otherwise, there cannot be a financial plan! A financial plan for an individual or family where income is [...]
Federal income tax provisions affecting individual tax payers that expired on December 31, 2011. Done Deals • Individual AMT exemption amounts – Prior law increased the individual AMT exemption amounts for 2011 to $74,450 (MFJ), $37,225 (MFS), and $48,450 (Single/HoH). In 2012 the exemption amounts will decrease to $45,000 (MFJ), $22,500 (MFS), and $33,750 (Single/HoH). [...]
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