Archive for the ‘Term Insurance’ tag
Peace of Mind – Commonwealth Advisory Group Announces Advanced Planning Services no comments
Posted at 7:09 am in Writing a Will
Steve Dubin
With offices in Dedham, the Commonwealth Advisory Group provides professional guidance to seniors and their families with regard to asset preservation for more than 16 years.
Attorney Philip Amaru and Executive Director Laureen Vaughn of the Commonwealth Advisory Group, who are specialists in asset protection for seniors, offer a Burial Trust or a Burial Insurance Policy to individuals who wish to plan ahead.
With a Burial Trust, monetary funds of an individual are placed in the name of a trust (which is essentially a bank account) and managed by that individual’s adult child. When the individual passes away, the trust is available to the adult child to be used for funeral expenses.
“As opposed to pre-need funeral arrangements which are paid upfront to a funeral home, a burial trust allows you to hold on to your money. It may be set up as a CD at a bank in your trust’s name so it is safe and insured,” explained Attorney Amaru.
The second option for those wishing to plan ahead is a Burial Insurance Policy. Laureen Vaughn draws up a single pay term insurance policy for $10,000, which grows at three percent interest (with an interest rider). When the individual passes away, funeral arrangements are made and the funeral home receives payment directly from the insurance company. Any remaining money goes to the estate of the deceased.
Amaru continued, “Other insurance policies are life insurance policies which are not flexible. A Burial Insurance Policy enables an individual to put aside a certain amount of money for a luxurious funeral if that is what s/he desires and those funds are available for family members to utilize once the individual passes on.”
For more information contact Laureen Vaughn at 800-705-1415.
Asset Preservation Planning
For 16 years, the Commonwealth Advisory Group has helped over 1,500 clients save their assets (which includes property, gifted assets, retirement accounts, insurance policies, investments and savings) prior to and during an admission to a nursing home. Unlike financial planners, Commonwealth Advisory Group specializes in asset preservation for elders and their families.
In addition to providing asset protection services to clients, Attorney Amaru and Executive Director Laureen Vaughn serve as educational speakers for hospitals, elder agencies and businesses throughout Southeastern Massachusetts. Commonwealth Advisory Group has appeared with Jordan Rich of WBZ News Radio 1030 in variety of seminars on the topic of Senior Asset Protection.
Attorney Amaru is a member of the National Academy of Elder Law Attorneys; the National Network of Estate Planning Attorneys; the Massachusetts Academy of Trial Attorneys; the Massachusetts Bar Association and the American Bar Association.
Commonwealth Advisory Group is located just off Route 128 at 3 Allied Drive, Ste. 125, Dedham, MA. For more information, contact 800-705-1415 or visit www.CommAdvise.com.
With offices in Dedham, the Commonwealth Advisory Group provides professional guidance to seniors and their families with regard to asset preservation for more than 16 years.
Attorney Philip Amaru and Executive Director Laureen Vaughn of the Commonwealth Advisory Group, who are specialists in asset protection for seniors, offer a Burial Trust or a Burial Insurance Policy to individuals who wish to plan ahead.
With a Burial Trust, monetary funds of an individual are placed in the name of a trust (which is essentially a bank account) and managed by that individual’s adult child. When the individual passes away, the trust is available to the adult child to be used for funeral expenses.
“As opposed to pre-need funeral arrangements which are paid upfront to a funeral home, a burial trust allows you to hold on to your money. It may be set up as a CD at a bank in your trust’s name so it is safe and insured,” explained Attorney Amaru.
The second option for those wishing to plan ahead is a Burial Insurance Policy. Laureen Vaughn draws up a single pay term insurance policy for $10,000, which grows at three percent interest (with an interest rider). When the individual passes away, funeral arrangements are made and the funeral home receives payment directly from the insurance company. Any remaining money goes to the estate of the deceased.
Amaru continued, “Other insurance policies are life insurance policies which are not flexible. A Burial Insurance Policy enables an individual to put aside a certain amount of money for a luxurious funeral if that is what s/he desires and those funds are available for family members to utilize once the individual passes on.”
For more information contact Laureen Vaughn at 800-705-1415.
Asset Preservation Planning
For 16 years, the Commonwealth Advisory Group has helped over 1,500 clients save their assets (which includes property, gifted assets, retirement accounts, insurance policies, investments and savings) prior to and during an admission to a nursing home. Unlike financial planners, Commonwealth Advisory Group specializes in asset preservation for elders and their families.
In addition to providing asset protection services to clients, Attorney Amaru and Executive Director Laureen Vaughn serve as educational speakers for hospitals, elder agencies and businesses throughout Southeastern Massachusetts. Commonwealth Advisory Group has appeared with Jordan Rich of WBZ News Radio 1030 in variety of seminars on the topic of Senior Asset Protection.
Attorney Amaru is a member of the National Academy of Elder Law Attorneys; the National Network of Estate Planning Attorneys; the Massachusetts Academy of Trial Attorneys; the Massachusetts Bar Association and the American Bar Association.
Commonwealth Advisory Group is located just off Route 128 at 3 Allied Drive, Ste. 125, Dedham, MA. For more information, contact 800-705-1415 or visit www.CommAdvise.com.
Term Life Insurance | Insurance Which is Not Expensive no comments
Posted at 9:02 am in Writing a Will
Donald Carmin
A person can find end number of different types of insurance policies in the market today, depending on the needs and requirements of the person he can choose one among all the insurance policies available. One among all these is term life insurance which is much in demand when compared to other types of insurance policies.
Term insurance is a claim which is made with the insurance company for a period of time, known as the term for this reason the name, term life assurance. A person can find Term life insurance in many different forms and possibly we come across it mostly when buying a home or covering business situation. Any uncertain situation can arise any moment in any one’s life, so having an insurance policy will help you to face these difficulties very easily.
Another form of insurance is travel insurance though the term may be as short as a day! But this kind of insurance includes a death benefit but the main purpose of coverage here is to ensure the insured receives proper medical treatment when needed and in the event of death, ensure the body can be transported home for funeral. Having a term life insurance helps to reduce the stress for your family members who are left back when you are no more in the world.
Term life insurance helps them in many different ways like paying off the funeral money and helping them by giving financial support. With the change in times, the cost of living have increased a lot due to which it takes two to earn and pay the bills to lead a comfortable life once the earning member or the head of the family expires. This is one such policy which takes care of all the finances in case of some unexpected event takes place to you or your family. .
These policies will usually include renewal opportunities with premiums that can increase considerably as an insured grows older. Often times these types of policies will include a clause requiring new proof of insurability. So, if the person is not feeling well, it may be impossible to get insurance after you develop a health condition or the policy may become unaffordable at a time when you might need it most. Term life insurance is usually renewable to age 75 and ends at policy end date if not renewed.
Finally, term insurance has a place for most of us in our lives at one point or another. First of all start what you need the cover for, how much and under what terms which will then lead you to whether a term insurance contract is right for you. If you keep all these things in mind then this will help you to make your negotiation of the insurance even easier. If you are purchasing insurance for the first time then educating yourself with the various insurance policies is a must. If enough time is given to this then it will help you to get best possible result.
A person can find end number of different types of insurance policies in the market today, depending on the needs and requirements of the person he can choose one among all the insurance policies available. One among all these is term life insurance which is much in demand when compared to other types of insurance policies.
Term insurance is a claim which is made with the insurance company for a period of time, known as the term for this reason the name, term life assurance. A person can find Term life insurance in many different forms and possibly we come across it mostly when buying a home or covering business situation. Any uncertain situation can arise any moment in any one’s life, so having an insurance policy will help you to face these difficulties very easily.
Another form of insurance is travel insurance though the term may be as short as a day! But this kind of insurance includes a death benefit but the main purpose of coverage here is to ensure the insured receives proper medical treatment when needed and in the event of death, ensure the body can be transported home for funeral. Having a term life insurance helps to reduce the stress for your family members who are left back when you are no more in the world.
Term life insurance helps them in many different ways like paying off the funeral money and helping them by giving financial support. With the change in times, the cost of living have increased a lot due to which it takes two to earn and pay the bills to lead a comfortable life once the earning member or the head of the family expires. This is one such policy which takes care of all the finances in case of some unexpected event takes place to you or your family. .
These policies will usually include renewal opportunities with premiums that can increase considerably as an insured grows older. Often times these types of policies will include a clause requiring new proof of insurability. So, if the person is not feeling well, it may be impossible to get insurance after you develop a health condition or the policy may become unaffordable at a time when you might need it most. Term life insurance is usually renewable to age 75 and ends at policy end date if not renewed.
Finally, term insurance has a place for most of us in our lives at one point or another. First of all start what you need the cover for, how much and under what terms which will then lead you to whether a term insurance contract is right for you. If you keep all these things in mind then this will help you to make your negotiation of the insurance even easier. If you are purchasing insurance for the first time then educating yourself with the various insurance policies is a must. If enough time is given to this then it will help you to get best possible result.