The main purpose of life insurance is to provide cash to your family after you die. The money your dependents will receive (the “death benefit”) is an important financial resource. It can help pay the mortgage, run the household, end ensure that your dependents aren’t burdened with debt. The proceeds from a life insurance policy could mean that they won’t have to sell assets to pay outstanding bills or taxes. Learn more here about the benefits or life insurance and how to navigate the insurance maze.
Today on the Ilyce Glink Show, Ilyce talked about the First American Title Insurance settlement, as well as other places to go to look for long-term care insurance. She also took several calls about taxes, inheritances, student loans and refinancing property. Gary wanted to know what to do now that his employer is switching to a $1 for $1 match in his 401(k). All this and more on this week's Ilyce Glink Show.
On this Sunday after Thanksgiving, Ilyce talked about CyberMonday (the day that everyone supposedly goes back to the office to begin shopping online in earnest for Christmas) and how some bloggers suggest that this is a made-up shopping day. Ilyce also took questions about whole life insurance, inheritance taxes, and whether EE bonds that a caller's daughter inherited could be used tax-free to pay for school. All this and more on this week's Ilyce Glink Show.
When you own a home with a partner who has children from another relationship you may be wondering how to protect your assets. While it's good to buy a home as joint tenants with rights of survivorship, a will can ensure that your property inheritance desires are met. Estate planning, including a will, can protect other assets as well.
On this week's show, Ilyce continued the discussion about President Bush's new health care plan. She also talked about her January Blues party, how it's possible to give great parties for less -- if you're willing to be a little bit creative. Several callers had comments on the health care story, and others asked for information on long-term care insurance, particularly in the wake of the Governor's information mailing that recently went out.
Signing a quit claim deed can result in real estate loss instead of financial protection for your partner. If you want to offer your partner financial protection, there are other means including term life insurance, as opposed to signing a quit claim deed and possibly losing your ownership of real estate. If you have signed a quit claim deed to give your partner financial protection, you should contact an estate attorney to make sure you don't lose your real estate.