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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 laws gove...
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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 or...
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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 benefit” r...
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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.  815....
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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 statute, please ...
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