Burial Planning & Estate Liquidation

Does having burial insurance or life insurance affect Medicaid eligibility? We get this question often. Medicaid eligibility requirements differ by state, but they all have stipulations about burial insurance and how owning a policy will affect your eligibility. Do you already have a life insurance policy or you’re considering purchasing one? This beneficial financial protection.. More

Preventing identity theft after death can save your family thousands of dollars from crooks seeking personal financial gain. Stealing the deceased identity is so easy, which is made even easier by public records. A reform in federal law in the 1990s created a loophole that allows fraudsters to obtain the Social Security information of recently.. More

Burial insurance for 3M retirees will be cut nearly in half starting on August 1, 2019, and ending the program altogether for future retirees. The maximum life insurance payout would be cut to $8,000 from $15,000. The change affects about 28,000 retirees, according to the company spokeswoman. 3M Co., a Maplewood, Minnesota based company, has.. More

We are often asked “how much burial insurance do I need? Your burial insurance need will vary depending on your personal and financial circumstances, but importantly you need enough to cover your end of life expenses. The average cost of funeral and burial services are increasing each year, and you can pay these services by.. More

You may be wondering, “Can I buy life insurance on my mother, or will she need to purchase the policy herself?” You may be asking this question because you are worried about what would happen if your mother will pass away without life insurance.  Who would pay for her burial or cremation in the first.. More

Payable on death account pros and cons must be considered before opening an account so that you know what to expect. You should work with an estate-planning lawyer to weigh the advantages and disadvantages bearing in mind your other options for estate planning and avoiding probate. Payable on death account might be a good idea.. More

Term life conversion to whole life policy is possible. Most term life insurance policies sold in the market today come with a conversion feature that lets you convert some or all of your term life insurance policy into a permanent life like whole life, variable or universal. Your reasons for buying a life insurance policy.. More

Borrowing against cash value is simple because there are no loan requirements aside from the total cash value you have in your policy. You can use the life insurance policy loan for any purpose and pay back whenever you can. You can also take a life insurance policy loan to pay your premiums on the.. More

When a loved one dies, the process of getting all the paperwork and planning the funeral service can be overwhelming (especially for the person left in charge). A loved one’s death can be confusing and emotional. This can cloud peoples thinking, making funeral planning difficult. An unexpected death can leave you unprepared to handle the.. More