Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking to capitalize on the hidden value in their life insurance plans. Policy holders need to know what the tax implications are for coverage payments in advance of … Read more
What is an Annuity? Most people have no idea what the word “Annuity” means. Because you do not know what an annuity is, you may not consider investing in an annuity contract. Reading annuity sales brochures, deciding if you will purchase one, and knowing what type to buy is no easy task. Let’s cut through … Read more
If you have an old deferred annuity but feel that a new deferred annuity will serve you better, you can exchange the old one for the new one tax free. But you better consider if you’re really better off doing so. That’s what this article is about. You can exchange one annuity for another, but … Read more