At the end of the day all term life insurance products are similar.  All providers use key factors such as age, weight, height and family history in determining your health rating.  Are you a smoker, or have you ever smoked, or what types of products do you smoke and how often are similar question, but can be rated dramatically different between insurance carriers.  Family history plays a major part in determining life expectancy and can swing five to seven years of your attained age between providers.  What this means to you is a “Preferred Plus” rating with one provider could be a “Standard” rating with another.  Did you know certain types of heart disease are automatically “rated” with some companies.  Even if you are perfectly healthy, the fact that mom or dad had this condition and passed away will at some level impact the underwriting decision.  So many people get quoted the “best rate” a company has before ever understanding what conditions may be associated with the individual’s health.

If you want an accurate quote and a provider that is a match for you, click on the link below.  We encourage you to answer the brief questionnaire so we may quote you the appropriate rate.  Life Insurance is like buying a car.  Often people see the sale price, the low monthly payment, and the free tank of gas if they apply or buy today.  The reality is you first need good credit to qualify for most promotional offers.  In the Life Insurance Business, your health rating is your credit.  Know where you stand before you apply.  The 12 Questions we ask will save you time, which we all know translates to money.  Get an accurate quote today!

Of course we all say it can be done for less, but at what cost?  Each of us understands the reality of raising a child or supporting a loved one, but very few of us take the time to make that first step until it’s too late.  The industry often refers to Life Insurance as “Death Insurance”.  When you die and we all will eventually, it’s our forward thinking and planning that better prepares the next generation.  Take time to instill a sense of responsibility and values with your children today.   Then allow us to deliver financial stability when you move on and “Trust” the core values you taught continue the family legacy.  Give the gift of Life Insurance today?

GET A QUOTE!

Resource Links:
1. Ultimate Investment
2. Raising Your Quarter Million Dollar Baby
3. It cost $222,360 to raise a child

Our mission requires constant innovation. We design and deliver customized insurance solutions to affluent clients with the highest quality strategic plan and supporting products to help manage their financial future, and the next generation’s financial future.

Irrevocable Life Insurance Trust
An irrevocable life insurance trust (ILIT) is a trust created to own life insurance. By establishing an ILIT, an insured can shelter death benefits from estate taxes and minimize, if not completely eliminate, federal gift tax.

Blended Families
Blended families—ones in which the husband and/or wife bring children and assets from a previous relationship—outnumber traditional families in the United States. When doing estate planning, clients who are part of a blended family must take particular care to avoid potential conflicts between a current spouse, ex-spouse, and children.

Bypass Trust
A Bypass Trust minimizes estate tax liability and preserves wealth by allowing each spouse to take full advantage of the federal estate tax exemption. However, the appeal of this arrangement is not only the estate tax savings, but also the flexibility that it offers the surviving spouse.

Dynasty Trust
A Dynasty Trust, also known as a legacy or generation-skipping trust, is designed to allow its creator to pass wealth from generation to generation without the burden of transfer taxes, including estate, gift and the generation skipping transfer tax (GSTT) on subsequent generations. Not just for the ultra-wealthy, its trust terms can be tailored to promote positive behavior in beneficiaries by requiring that they adhere to certain standards in order to be entitled to trust distributions.

Family Limited Partnership
A Family Limited Partnership (FLP) is a conventional limited partnership with at least one general partner and one limited partner. FLPs are created primarily to shift ownership of assets, and sometimes income, to family members, offering a number of benefits such as estate and gift tax advantages, over other forms of ownership.

Foreign Nationals
Non-U.S. citizens—or citizens with a non-U.S. citizen spouse—fall within a different set of rules under current estate tax law. They can face a significant estate tax liability that may be even larger than what they would incur if both spouses were U.S. citizens. Failure by these individuals to properly plan for U.S. transfer taxes may cause them to pay unnecessarily high gift and/or estate taxes.

Highly Appreciated Assets
Many high net-worth individuals need to develop an advanced estate plan that will employ sophisticated strategies to reduce their potential transfer tax liability and/or provide a means of liquidity for their loved ones to pay any taxes that may be due. One way to reduce potential estate taxes is to reduce the size of the taxable estate itself. This can be accomplished using estate freeze strategies such as qualified personal residence trusts; grantor retained annuity trusts; installment sales to intentionally defective irrevocable trusts; and private annuities.

Special Needs Trust
A Special Needs Trust can help clients with disabled family members achieve vital estate planning and financial goals. With proper legal and financial planning, the family can help assure that the person with the disability will enjoy a comfortable lifestyle, while preserving his or her eligibility for government-sponsored programs.

Spousal Support Trusts
A Spousal Support Trust is an ILIT created by one spouse, the grantor spouse, for the benefit of the other spouse, the uninsured spouse. When structured properly, it gives clients “the best of both worlds”—access to cash values and a federal estate tax-free death benefit.

*taken from freshfiction.com, click here for article*

10 Tax Goofs That Many of us Keep Making:

By Jeff Schnepper

*Taken from: MSN Money*

Your income-tax return can inflict a special kind of pain when you make a mistake. Even a simple error can cost you time, aggravation, stress and, yes, money. So doing your return dispassionately and carefully is a must.

The Internal Revenue Service says taxpayers make some mistakes again and again. (I see them a lot, too.) If you can keep from making them, you’ll avoid much of that lost time, aggravation, stress and lost cash.

Here, according to the IRS, are the 10 most common taxpayer mistakes: [Read More…]

8 Types of Income the IRS can’t touch:

By Jeff Schnepper

*Taken from MSN Money*

Want to keep the tax man away from your money? It’s easier than you think. There are lots of ways to increase your wealth without having a chunk gobbled up by the IRS.

It’s not that the agency doesn’t want your money. It’s just that tax law prohibits the IRS from touching it. And with a bit of planning, you can start cutting your current tax bill and putting money in your pocket now.

Let’s look at a few examples. [Read More…]

Insurance You Want to Collect:

Ian Ayres and Barry Nalebuff, 04.23.10, 08:40 AM EDT
Forbes Magazine dated May 10, 2010

*Taken from Forbes.com*

You should buy an annuity–preferably 27 years before you’re going to need it.

Most insurance protects you against something bad–a fire or a car accident, for example. But the biggest uninsured risk that most people face is that something quite good will happen: You live a long life. Annuities protect against that outcome. They promise regular payments as long as you (and your spouse) live, so that you won’t outlast your retirement savings. If things were accurately named, annuities would be called life insurance (and today’s life insurance would be called death insurance).

[Read More…] ]]> http://www.epdv.com/schneppers-corner-post/feed 0 http://www.epdv.com/term-life-insurance-quotes http://www.epdv.com/term-life-insurance-quotes#comments Mon, 30 Aug 2010 17:02:44 +0000 http://s338926425.onlinehome.us/EPDV/?p=13

It’s time to “Get a Quote Now”.  Too often we want to wait to get insurance until we lose weight or get our blood pressure and cholesterol under control.  Unfortunately for most of us, these things do not happen for years or until our health deteriorates and forces immediate action.  Get a quote now.  We partner with several of the major companies and in most cases can write business for whatever carrier you choose.   Insurance companies take into consideration all factors when determining health ratings and in most cases are flexible when it comes to everyday health challenges.  What we want to see is that person who has a medical condition is being treated by a physician or the person who has a weight problem, participating in a weight management program.  All insurance quotes are driven by your “actual age” and none of us are getting any younger. Get a quote today!

OUR ESTATE TAX PLANNING ANALYSIS PROCESS

► First, we complete a Blueprint of your Estate and review your current wills and trust documents.

► Then, an Estate Tax Analysis report is prepared based on this information and current Estate Tax Law to let you know what will be your Estate Tax liability based on current value.

► A Second Estate Tax Analysis Report is prepared based on this information, based on future growth of the Estate to you and your wife’s Life Expectancy.

► Once we know the current and future Estate Tax Liability, we will begin to review plans to reduce the Estate Liability now and in future years. Once we settle on a plan that is acceptable to you, we will begin to review them with your current Attorney and Accountant.

► Some ideas that should be considered are: Defective Grantors Trust, Grantor retains Annuity Trust, Family Limited Partnerships, Dynasty Trust and Charitable Gifts that are among few ideas that merit consideration. By using some of these techniques, you can reduce the value of your Estate, therefore reducing the potential Estate Tax.

► Once a new plan is designed and is put in place we will review this plan with you as needed. Keep it up to date based on future changes in your family or business and Estate Tax Laws.

► At the end of this process you will need to decide what is the best way to pay your Estate Liability.