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Insurance and HMOs are two very different but very important aspects of the health care industry. Learn about insurance versus HMOs with help from a certified financial planner in this free video clip.
An insurance provider is another term used to describe an insurance agent. Find out about an insurance provider with help from an insurance agent who specializes in life insurance, annuities and financial planning in this free video clip.
Variable universal life and term life insurance policies are two very different concepts and should be treated as such. Learn about variable universal life insurance versus term insurance with help from a financial industry expert in this free video clip.
Term and whole-life insurance options have a few very important differences that you're going to need to be aware of. Learn about term versus whole-life insurance options with help from a health and insurance professional in this free video clip.
Transferring an annuity from one insurance company to another requires you to follow a few particular steps. Learn how to transfer an annuity from one insurance company to another with help from a longtime financial planner in this free video clip.
Non-qualified variable annuities have some very important tax consequences that you should familiarize yourself with. Learn about tax consequences on non-qualified variable annuities with help from the owner of a brokerage insurance company in this free video clip.
You can typically take lottery payouts in one of two ways - as a lump sum or as an annuity. Learn about lump sums versus annuities when it comes to lottery payouts with help from the owner of a brokerage insurance company in this free video clip.
The immediate annuity exlusion ratio is something very important that you should familiarize yourself with. Learn about the immediate annuity exlusion ratio with help from the owner of a brokerage insurance company in this free video clip.
The average microwave has a life expectancy of nine years, according to the National Association of Home Builders, which makes it an appliance with one of the shortest lifespans. However, proper maintenance and timely repairs contribute to extending the life of this time-and-labor-saving apparatus. A Samsung microwave has variable fan speeds, which can be adjusted according to the user’s needs. However, when there is a problem with the variable fan speed, it cannot be fixed, so you must replace the variable fan speed control.
Mortgage protection and term life insurance are two different things and should always be thought of as such. Learn about mortgage protection versus term life insurance with help from a longtime mortgage professional in this free video clip.
The cash value of a life insurance policy and annuity are two different things. Learn about the cash value of a life insurance policy versus annuity with help from an insurance agent who specializes in life insurance in this free video clip.
Investing in insurance annuities needs to be done in a very specific way. Invest in insurance annuities with help from an insurance agent who specializes in life insurance in this free video clip.
AD&D insurance and life insurance serve two distinct purposes. Learn about AD&D insurance versus life insurance with help from the author of "Questions on Life Insurance" in this free video clip.
The premiums for term life versus those for whole life insurance may be a bit different. Learn about premiums for term life versus whole life insurance with help from the author of "Questions on Life Insurance" in this free video clip.
Knowing the difference between RMD and GIR annuity requires you to fully understand what each one actually represents. Learn about RMD versus GIRL annuity with help from the founder of Wealth Financial Partners in this free video clip.
IRA money and life insurance money are two very different things and should be treated as such. Learn about IRA money versus life insurance money with help from the founder of Wealth Financial Partners in this free video clip.
Term life insurance and universal life each have their own set of benefits, disadvantages and qualifications that you should understand. Find out about term life insurance versus universal life with help from the founder of Wealth Financial Partners and a managing partner in this free video clip.
Term life insurance and cash-value life insurance are each designed for different situations. Learn about term life insurance versus cash-value life insurance with help from the founder of Wealth Financial Partners and a managing partner in this free video clip.
Term life insurance and cash-value life insurance policies each have their own unique set of advantages and disadvantages. Learn about term life insurance versus cash-value life insurance policies with help from the founder of Wealth Financial Partners and a managing partner in this free video clip.
Voluntary life insurance and term life insurance have some pretty important differences that you're going to need to know. Learn about voluntary life insurance versus term life insurance with help from the founder of Wealth Financial Partners and a managing partner in this free video clip.
Term life insurance and permanent insurance are two very different things. Learn about term life insurance versus permanent insurance with help from an expert in financial planning in this free video clip.
You might be considering an annuity as part of your retirement portfolio. You understand the basics behind this financial tool, and know that you are making an upfront investment in exchange for future payments. Depending on the type of annuity you select, you can choose a lump-sum payoff or receive payments on an annual, monthly or quarterly basis. However, you might be interested in determining the future value, or FV, of the annuity. Microsoft Excel can simplify this calculation.
A fee-based advisor such as a financial planner has a fiduciary responsibility to his client to recommend financial instruments that fit his client's risk profile and investment horizon. Annuities, which offer a fixed payment stream over their life, may work for a financial planner's client, but you must sell him on the idea and merits of including an annuity in his client's portfolio. The information that you provide to the advisor must be clear and concise.
Term and whole life insurance are two pretty different ideas. Get the facts about term versus whole life insurance with help from a business consultant and motivational speaker in this free video clip.
Divorce settlements can be both simple and complex arrangements, depending on the distinct circumstances of the relationship. Financial matters to be resolved in a settlement may include the division of investments and savings. A variable annuity, one type of investment product, can be divided several ways as part of a divorce settlement. However, taxes need to be considered when dividing a variable annuity to make the best arrangement for both parties.
Both variable data and attribute data measure the state of an object or a process, but the kind of information that each describes differs. Variable data involve numbers measured on a continuous scale, while attribute data involve characteristics or other information that you can't quantify. Each has its own benefits over the other.
A gift annuity is a great way to give to your preferred charity of choice while ensuring your financial security. In addition, the IRS considers a portion of the payments you receive a partial tax-free return of your gift to the charity. The IRS determines the annuitant's life expectancy, splitting part of the annuity as tax-free income and the remainder as ordinary income. The most common asset to use to fund gift annuities is cash but you may use other assets such as equities or other types of financial assets.
Most companies exist to earn a profit. To achieve this goal, companies may sell products or provide services to consumers. Companies calculate the profit they earn by subtracting their total cost, or expenses, from their income, or revenue. A company's total cost includes all of the costs it incurs during the production and sale of its products or services.
Rolling over funds held in an IRA account into an existing annuity can be a smart financial maneuver if you're leaving your job or looking to obtain a better interest rate on your retirement investments. The procedure for rolling your IRA's balance into an annuity varies by employer, though your retirement plans must meet IRS requirements to legally allow the transfer.
Modern home subwoofers are connected in three primary ways. Depending on the connection type, the crossover control on the back of the subwoofer's amplifier is either in use or not. LFE direct from a receiver, using an RCA input jack or conventional speaker wire, each dictates a slightly different approach to the woofer's crossover function. Setting this correctly helps you achieve the bass response you expect from your system's low end.
An annuity offers a popular way to plan for your retirement while receiving a consistent stream of income. This income is usually tax-deferred and can remain so for as long as your live or until a predetermined age. If circumstances arise requiring you to make an early withdrawal, however, you may incur a financial penalty.
People who are near or approaching retirement often wonder how Social Security benefits work. Many people throughout the course of their working lives contributed to a retirement plan, a 401k or some other program that offers annuity payments upon retirement. Some of those same people qualify for Social Security benefits at the same time. What the Social Security department has to say about annuity and retirement payments might surprise you.
Term life insurance is widely regarded as the cheapest pure life insurance coverage you can buy. However, not all term policies are the same, and some types of policies offer more value than what a term policy can give you. If you buy your insurance by price alone, you could end up purchasing the wrong type of policy for your needs.
Purchasing an annuity is one way to ensure that you have a regular income upon your retirement. Some annuities also have death benefits that provide your beneficiaries with a lump sum when you pass away. If your annuity contract has this feature, it could impact the amount of estate taxes that are paid when you die.
An employee at a bank may offer to show you how an annuity can earn you more interest and save on taxes. An annuity is not a banking product, but the function of annuities make them appropriate savings vehicle for some bank customers. A bank employee who sells annuities must have an insurance license.
Capital expenditures are a type of investment that companies make to operate or expand. Examples of capital expenditures include new technology or machinery. A capital expenditure is not for short-term gain, nor can it be easily transferred into cash. A fixed asset is a type of capital expenditure.
Non-qualified annuities might offer loan provisions for you when you need the money in the contract prior to your retirement. The non-qualified annuity is taxed very differently from qualified and government annuities. Qualified annuities also allow pretax or tax-deductible contributions, depending on the specific investment account. For example, 403b plans allow pretax contributions right from your paycheck, while annuities in an IRA only allow tax deductible contributions which are accounted for on your tax return. Non-qualified annuities only allow after-tax contributions.
Retirement is both the wider concept of stopping work in your older years, and the narrower subject of how to provide or receive an income when no longer working. An annuity is a specific financial product that provides income for the rest of a person's life. Some retirement plans involve building up a fund while working and spending this money to buy an annuity. Buying an annuity is therefore a common part of the retirement funding process but is not involved in every retirement.
Grade points are used by American universities to give students easy to understand equivalents of the marks that they have been awarded by their professors. So, for example, if you achieve a result which is in the range of 96 – 100 per cent, you will be awarded A+ and a grade point of 4.00 or possibly higher, depending on your institution. In either case it is the highest possible. Conversely, if your mark equates to a C, you will be awarded a grade point of around 2.00 points.
In the United States, the insurance industry consists of a highly variegated mixture of companies and organizations that operate in a myriad of ways and offer many different types of coverage for different types of peril. Two words that those in the insurance industry often use are "captive" and "exclusive," which can describe various types of policies, organizations and professionals.
Annuities are insurance products that come in two forms: deferred and immediate. Deferred annuities collect assets and allow them to grow over time under a tax-deferred "umbrella." Immediate annuities take a lump sum of cash, perhaps from an injury settlement, and start regularly paying income for a defined period of time or the rest of the annuitant's life. A home is not part of an annuity structure.
Annuities are life insurance policies that provide you with living benefits such as monthly income payments. Like many types of insurance products, some annuities have a cash value, which means that you can cash-in your contract at any time. You pay no fees to cash-in your contract once it has reached maturity. However, you may incur fees if you cash in the contract before the end of the annuity term.
If you work for a company that is in business to make a profit, your employer likely offers a 401k plan that allows you to save money and defer your taxes until you reach retirement age. Tax-sheltered annuities (TSAs) are a nonprofit organization's answer to the 401k. Like a 401k, if your organization offers a TSA, you can contribute a portion of your pretax income to your TSA account, deferring taxes until you retire.
Your total balance in an annuity is divided between your contributions into the account and the growth of the annuity investments. When you receive payments from your annuity, your payment is partly a return of your contributions and partly annuity investment gains. The percentage of your annuity payments for your contributions are tax-free. The percentage of payments for investment gains is taxable. To calculate your after-tax annuity payment, you must account for the taxation of the investment gains.
When you are working for a government agency, a non-profit organization or some other institution that is allowed to use qualified annuities, you may make qualified annuity contributions. Knowing how to treat these contributions for tax purposes helps you stay compliant with the law and avoid Internal Revenue Service penalties for taking illegal deductions.
Non-qualified annuities are insurance policies that provide you with a guaranteed income option when you retire. These annuities may also allow pre-funding of your retirement savings. Such annuities are referred to as "deferred annuities." A deferred annuity that is non-qualified works very differently from an annuity designed to work inside of a qualified plan, such as an IRA. Required Minimum Distributions are also not required except in limited circumstances.
When you inherit a non-qualified annuity, you must attend carefully to the rules regarding how it will be taxed. Since these annuities are not taxed in the same way as qualified annuities, the distribution will be somewhat different than if the annuity were being paid out from an IRA or a 403b plan.
Investing in an annuity contract with an insurance company can be an effective way to create a regular income during your retirement years. If you decide that you'd rather have access to some of the money before you reach retirement age, you always have the option of withdrawing money from the annuity early. When you take this approach, you must keep in mind that you'll lose some of the money to penalties and fees.
When shopping for a life insurance policy, consumers often are overwhelmed by the sheer volume of the different coverages available — many of which are complicated and difficult to understand. Term life insurance, on the other hand, stands in contrast to other, more complex forms of coverage with its overall ease of use. Yet even with such a basic form of life insurance, there are a few things to watch out for, such as whether your contract is for guaranteed or non-guaranteed term insurance.
An annuity is a contractual arrangement with an insurance company binding the insurance company to provide a stream of income at some future date. In return, the annuity owner contributes money, or a "premium" to the insurance company, which is credited to the insurance company's general fund. Congress grants certain tax advantages to annuities in the growth phase, but withdrawals are generally taxable as ordinary income, except for an amount designated as the nontaxable return of capital.
