What is Section 7702? Section 7702 of the IRS tax code outlines the guidelines for determining whether a life insurance contract qualifies as a tax-favored contract and sets limits on the premiums that can be paid on such a contract and the amount of death benefit that can be paid out. There are three tests…Read More
An ILIT, also known as a irrevocable life insurance trust, is a type of trust that is used to hold a life insurance policy. An ILIT is a popular estate planning tool because it can help individuals and families manage their assets and plan for the future. There are several benefits to using an ILIT…Read More
Estate planning is an important process that helps individuals and families manage their assets and plan for the future. One of the key benefits of estate planning is that it can help ensure that your assets are distributed according to your wishes after you pass away. This can save your loved ones a lot of…Read More
Sleep apnea is a condition where an individual stops breathing while asleep. This can occur multiple times a night and even per hour. Oftentimes an individual diagnosed with Sleep Apnea will be prescribed treatment called a C-Pap Machine. The C-Pap machine is designed as a pressurized air pump with a face mask that goes over your…Read More
Prostate Cancer is the one of the most common forms of Cancer in American Men and thankfully the cure rate for Prostate Cancer is very high. According to World Cancer Research Fund, Prostate cancer is the 2nd most commonly occurring cancer in men and the 4th most common cancer overall. There were more than 1.4…Read More
Getting High Doesn’t Mean You’ll Have A High Premium Marijuana consumption is one of the rapidly changing topics in the life insurance world. Just a short time ago consuming marijuana would be considered taboo and no life insurance company would be willing to offer insurance to an individual who used marijuana. Now with a better understanding…Read More
In 2020, According to the CDC over 34 million people have diabetes (over 10% of the US population). The American Diabetes Association states 30 million people in the United States have been diagnosed, while 84 million Americans have pre-diagnosed diabetes. It’s important to note that each life insurance carrier has their own set of underwriting…Read More
Can I Get Life Insurance With a History of Heart Disease? The answer is Yes! Millions of Americans suffer from heart disease in one form or another and there are many different types of Heart Disease. When it comes to underwriting life insurance with a heart condition it will really depend on the type of…Read More
The value of working with a broker, a short story… It was a Friday afternoon in February and my family and I were anxious to leave for a week long vacation on a family cruise. Before closing up shop and shutting down my computer I get a new request for information (RFI) from a person who…Read More
Below you will get an idea of how much you’ll pay for life insurance based on your age, gender and health. We work with dozens of life insurance companies to ensure you will find the best rated policy but it’s important to speak to a live agent because each company has their unique underwriting guidelines.…Read More
