October 16, 2018

Search Results for: annuities

Major Court Ruling Favorable to Medicaid Annuities

Add another one to the win column for Medicaid Compliant Annuities. Occasionally in the area of long-term care Medicaid, the states like to overreach. There are countless examples on this topic. Bottom line, states agree to run Medicaid in a way that is no more restrictive than the federal … [Read more...]

Asset Protection of Cash Value Life Insurance, Annuities, and IRAs

Here at the Asset Protection Society (APS™) we stress the importance of protecting ALL of your assets.  Every estate plan should include asset protection; without it, even the “best” estate and financial plan can be rendered meaningless. There are many ways to protect assets.  You can look to … [Read more...]

Creditor protection Laws for LI and Annuities

In addition to the tax free/wealth building benefits of life insurance (see Retirement Life™), life insurance also receives creditor protection under state laws and the federal bankruptcy code. Quick Guide Alabama NON-BANKRUPTCY Death Benefit: Proceeds are exempt from the debts of the insured … [Read more...]

Equity Indexed Annuities

Guaranteed Income Benefits Good or Bad? By: Roccy DeFrancesco, JD, CWPP™, CAPP™, CMP™ Copyright 2007, The WPI As many of you may be aware, some insurance companies who sell Equity Indexed Annuities (EIAs) (also now called Fixed Indexed Annuities), have added a “guaranteed income … [Read more...]

Urgent Alert: The IRS Shuts down Roth IRA Conversion Scheme Using Annuities

Urgent Alert: The IRS Shuts down Roth IRA Conversion Scheme Using Annuities Tim Berry, JD of the Tax Academy (educational board member to the WPI) forwarded me a lawsuit the IRS just filed against a marketer of a Roth conversion plan that has forced me to issue this urgent Alert. The IRS vs. … [Read more...]

Asset Protection of Cash Value Life Insurance, Annuities, and IRAs

Here at the Asset Protection Society (APS™)we stress the importance of protecting ALL of your assets.  Every estate plan should include asset protection; without it, even the “best” estate and financial plan can be rendered meaningless. There are many ways to protect assets.  You can look to … [Read more...]

New Mexico Life Insurance, Annuities, and IRA Exemption

Life Insurance   Cash surrender value of any life insurance policy is exempt.  To see this statute, click here. Proceeds of any life insurance policy are not subject to debts of the deceased.  To see this statute, click here.   Annuity   The cash surrender value of an … [Read more...]

Alaska Life Insurance, Annuities, and IRA Exemptions

Life Insurance   Unmatured life insurance contracts are exempt up to $500,000.  To see this statute, click here. Life insurance proceeds are treated as earnings, income, cash, or other liquid assets and are exempt to certain amounts.  The exemptions for earnings and liquid assets … [Read more...]

WI – LI, Annuities, and IRA Exemptions

Wisconsin Life Insurance, Annuity, and IRA Exemptions Life Insurance and Annuities If reasonably necessary to support the debtor, any policies on the life of someone whom the debtor, at the time of the insured’s death, depended on for support of him/herself or his/her dependents are exempt.  … [Read more...]

VA – LI, Annuities, and IRA exemptions

Virginia Life Insurance, Annuity, and IRA Exemption Life Insurance Proceeds of insurance policies created by the insured on his life for the benefit of another are exempt.  To see this statute, please click here. Group life insurance policies and proceeds are exempt.  To see this … [Read more...]