Annuity insurance

My grandma is 91yrs old and she wants to buy a deferred annuity, but she can't find an insurance company that writes them on people who are over age 90. Any ideas?

I'm looking for advice from sales professionals on where I can go with my career. For the last year and a half, I've been an independent agent for a leading supplemental insurance provider, and am licensed for health & accident and life & annuities. While I like many aspects of this job, I'm frustrated with the results! I've landed and opened many accounts since I began, but I am tired of low commissions once I get an account opened. I'm interested in moving forward, perhaps contracting with more companies to help utilize my life/annuities license more or maybe even taking a few securities exams. The thing is, I don't know how to approach this. What are my needs if I want to expand my role? Currently I do a LOT of face to face cold calls, and I do not (nor can I afford to) have an office. Again, I am a little unclear about what my options are, and what my limitations might be if a) I wanted to work for an agency or b) If I were to contract with additional companies, what will I need? Ideally, I'd like to get into a position where I'm putting a substantially less amount of miles on my car, and possibly with a company that provides some warm (and/or direct) leads. I'm also open to the idea of getting licensed in securities. For example, I noticed that a bank in the area was looking for a sales person with certain licenses to sell the bank's financial products with only 1 year sales experience. Would something like this be feasible if I can get licensed in securities? Any advice is helpful, I know I'm all across the board with this question.

I've been an independent insurance agent for a few months, and decided that this won't work out... As part of this, I had to get licensed in Life and Health and Variable Annuities, and don't want them go go to waste... Any jobs in the insurance or financial fields (other than sales) that will allow me to utilize these licenses?

can you be thrown in jail if you got no assets debt collectors can take. i work a low income job less then 30 hours a week. i receive disability income and i don't make enough to pay my debt and support me myself. i got a call from a collection agency that if i don't pay they will get a lawsuit against me. i don't make enough and now im scared that i will go to jail if i got no assets to take. if i got no assets what do they do? how do debt collectors view what assets i have if i have any at all. all i got is a car i bought locally and is paid in full but i think this is exempt as well as my disability income i researched this this is my research Many people are in fact in a position where they cannot be collected on. If incase you are disabled and/or on limited income, chances are that they can get a judgment but will never be able to collect the debt. There is also a Federal minimum wage pay per week (around 30 hours), which if you make below, they cannot collect. For example, if you make a minimum wage of $5.80 per hour, times 30 hours, comes to $174 per week or $702 /month. If you make equal to that or less they cannot lay a hand on you. Money that is in IRA’s, custodial accounts, trusts, annuities, and insurance contracts are often untouchable.Can my personal property be seized by a Marshal? The following kinds of personal property are exempt from debt collection and cannot be seized: * Household goods, like furniture, clothing, and appliances * One television * Radio * Personal items like wedding ring or watch * If a computer or car is indispensable to your work, they can be exempt as "tools of trade i got both but are they still exempt. i need honest answers i live in Idaho

I have a structured settlement (life insurance policy), I have been receiving monthly payments of 572$ for about 6 years now. I am looking to settle out of my settlement. The remainder (payments yet to be received) is 255,000$, the company is wanting to give me a partial payment of 78,000$ until 2038 and then the regular monthly payments would start up again... I am wanting to get the maximum lump sum. I want to buy a house, a more dependable car and I would like to go to school. I am 24 years old and I would like the opportunity to do these things now and my monthly payment from the company and my fast food job just isn't cutting it, I am still struggling to pay rent, pay bills, etc. My question is, how can I get the maximum pay out instead of a partial payment? I understand that the company is entitled to a certain percentage if I decide to sell them the entirety of my settlement, btu I think 78,000$ is unreasonable if I were settle for that. What should I do, what steps should I make and how do I go about this? I understand that the decision is completely up to me, but I would like some neutral input, as my family is biased for emotional reasons. I hope this makes sense and I hope someone has some advice. Thanks.

Hello. I am trying to figure out if there is a way to reduce my tax liability. As you can see from the numbers below, my federal tax liability has been steadily increasing: 2006, 8,446; 2007, 12,039; 2008; 14,601. I am currently working on my 2009 federal tax return, but I believe that the upward trend will continue. I have always used the standard deduction and exemption. I contribute the maximum allowable amount to my traditional 401k. I pay a portion of my employer provided health insurance premium, which reduces my federal taxable income. I do not own a home, so I can't itemize and deduct mortgage interest or property taxes. I don't think I can deduct for an HSA because I have employer-sponsored health insurance. I am not self-employed. I do not pay alimony. I do not think I am eligible for a traditional IRA deduction because my income is too high. I do contribute the full allowable amount to a Roth IRA, however. I have paid off my student loans, so no interest deduction there. My filing status is single and I can only claim myself as an exemption. I don't think I am eligible for the earned income credit due to my income level. I am 39 years old. For 2009, I had laser eye surgery. I put the cost for it in an employer based FSA and that allowed me to pay for the surgery with pre-tax income. Would a master limited partnership, or a deferred annuity or some other investment reduce my tax liability? My investments are mostly in 401K, 403b, Roth IRA, after tax mutual funds and an emergency fund. I am hoping to retire early. Is there any way that I can reduce my tax liability while I am in the accumulation phase. Here are my numbers: 2008 83,397 Adjusted Gross Income 74,447 Federal Taxable Income 14,601 Total Federal Tax 17.51% Effective Tax Rate 78,948 wages 928 taxable interest 3,082 ordinary dividends 2,445 qualified dividends 439 capital gain 2007 74,411 Adjusted Gross Income 65,661 Federal Taxable Income 12,039 Total Federal Tax Effective Tax Rate 16.18% 65,120 wages 265 taxable interest 3,083 ordinary dividends 1,621 qualified dividends 5,943 capital gain 2006 58,216 Adjusted Gross Income 49,766 Federal Taxable Income 8,446 Total Federal Tax 51,342 wages 292 taxable interest 2,419 ordinary dividends 1,391 qualified dividends 4,161 capital gain Thank you for your advice!

I need help with my 1099-R. I paid taxes. Is there still part of it that is taxable? Box 2a (Taxable Amount) states UNKNOWN. I know there is no taxing on this annuity in my state of Illinois. My Gross Distribution is 21,029 (I finally got the rest of my lump sum payment, that is why is is high). My Federal Withholding (box 4) is 3,520. Box 5 (Employee Contributions/Designated ROTH (n/a for me) or Insurance Premiums is 2,526.and 9b is Total Employee Contributions is 3.019. Box 7 is a code 3-Disability.. I have always done my own taxes and now more than ever I need to save money (like we all do). I have researched and looked at many. many publications and I am stumped. any help that is offered is greatly appreciated!! I report all Spammers...geez...

7. What would be the amount of compound interest on 8,000 inversted for two years at 12%, compounded semiannually? Round your answer to the nearest dollar. 8. What is the future value of an ordinary annuity of $23,000 per year, for three years, at 10% interest compounded annually? 9. A family recently purchased a home, taking out a morgage of $90,000 at 8 1/4% for 20 years. The annual property taxes on the home are $1,980, nad the annual hazard insurance premium is $636. What is the monthly PITI payment of their loan? 10. What is the total amount of tax due on a property with an assessed valus of $109,400? The property tax rate is 35.4 mills.

I'm not sure what I'm supposed to do, thanks for any help. Here is the question: According to recent data from the Teachers Insurance and Annuity Association (TIAA), the survival function for life after 65 is approximately given by S(x) = 1 - 0.058x - 0.076x^2 where x is measured in decades. This function gives the probability that an individual who reaches the age of 65 will live at least x decades (10x years) longer. a. Find the median length of life for people who reach 65, that is, the age for which the survival rate is 0.50. b. Find the age beyond which virtually nobody lives. (There are, of course, exceptions.) Also, Please don't use Calculus or Limits or anything like that. This is for a MATH101 class. I know how to use the quadratic formula and how to find the vertex of a parabola, I just don't understand what I am supposed to do in this question. Thanks!

I have been divorced 11 years and have been having a terrible time getting my ex to send us our money each month. I have moved from Southern IL to Northern IL and it is difficult for me to travel back and forth due to the cost. He knows this. He was ordered to supply insurance for the kids, he has not, his child support payment is only 200 per month for 3 kids. The judge gave me 1/3 of an annuity he had but now I dont even get that. He sold his portion of the annuity, now he keeps mine. Because of the 3rd party involved the judge ordered him to directly mail me my portion of this as well as my child support. Now I am struggling to take care of my kids and their expenses. This is not a lot of money but we depend on it. What can I do here in my area? Do I need to go back to the county in which I was divorced in.

I'm retired and receive an annuity of $2422 a month. I have a home in another city that I have on the market as a lease/option but have no contract on it as of yet...it has been listed as a lease/option for 2 days. The mortgage I pay on this house is $900. I have zero credit card balance(s) and my car payment and car insurance total $350. My credit rating (by the Big 3 reporting agencies) is over 800. I currently live with my girlfriend (she's a nurse and makes over $60K a year) and she is still trying to get her name off of her former spouses mortgage that he has let go behind as much as 4 months...so that we can apply for a pre-qual mtg without this blotch on her credit. So, in the meantime, many of the houses that we like are being snatched up faster than you could imagine. My question is this....Can I (without her as a co-applicant) get pre-qualled for a mortgage and, to your closest estimate, for how much? Does $125K sound reasonable? Anyone out there work with mortgages daily and know if my income, expenses and credit rating would afford me this? Thanks to all who answer....

1) at the time of his son birth ,a man invest a certain sum of money 8% compounded quarterly to provide payments of 6000 each for four years. the first payment to be on his son's 20th birthday.how much does the father invest? 2) on his 45th birthday a man buys an annuity from an insurance co.which credits interest at 0.09 m=4 the annuity will provide 15 yrs of 3000monly payments to himself or his wife ,and its term will begin on his 50th b-day.what single payment does he make on his 45th b-day?

What kind of annuity is this? Please explain - it's for my corporate finance homework... I need an answer that would satisfy a teacher, i realize that people want payment before they provide services, but in finance terms please!

The Internal Revenue Code lists a number of different gross income sources. When a taxpayer receives something that is not one of the listed items, is it exempt from tax? Explain your answer. From the book: The Code lists the following different gross income sources (and implies that others exist): 1. Compensation for services, including salary, wages, fees, commissions, fringe benefits, etc. 2. Gross income from business 3. Gains from the disposal of property 4. Interest 5. Rents 6. Royalties 7. Dividends 8. Alimony and separate maintenance payments 9. Annuities 10. Income from life insurance proceeds 11. Pensions 12. Income from forgiven debt 13. Share of distributive partnership income and prorata share of S Corporation income 14. Income in respect of a decedent 15. Income from an interest in an estate or trust

I'm lost. I'm trying to find the best place to put my money to where it will accumulate the most interest. I heard there are money market accounts that you can get from a bank or there are money market separate accounts that you can get from places, like insurance companies, such as a variable annuity contract. I'm trying to find out what all these accounts mean and what I should do. All the research sounds like a foreign language to me, though. Also, is a variable annuity contract the same or almost the same as a life insurance policy? Thank you so much! Anything to make it understandable would be greatly appreciated! Thanks!

Financial Planner stole my identity...? Several years ago my financial planner was putting together my portfolio which included some stocks, annuities etc. that my parents were going to give me as a gift. Well, my father was out of the country and he told me that he wanted to be present when All of these gifts were switched from his name to mine. I fully understood and told the planner we'd need to wait. Well, when my father returned in 3 weeks I received a call from him and he was extremely upset. He asked how I had taken nearly $75,000 from his stock/annuity accounts without respecting his wishes to be present. I had no answer and I called my planner to ask him. Only to find that she said that she just went ahead and took care of it as she had my fathers information (bank numbers/passwords and SSN). Well, my father was furious but he calmed down and it was excused. Now to 2009.......my husband and I have decided to divorce and to be honest, it's getting quite ugly as we are not agreeing on asset distribution. Well, the other day I was going through some financials with the paralegal at my lawyers office and there is a large sum of money (about $50,000) that is unaccounted for. I was sure that the planner (yes, we both still use her) had just moved it and it would all make sense. Then I called a credit card company only to find out that the account (in my name) had been canceled. OK, now something is wrong. Well, I have our cell phones in my name (5 of them- me and my husband and 3 kids). All are in MY name and I called to see if we had gone over on our plan (thanks to the kids) and I learned that my bill was about $35 less than normal. This made no sense so I looked further and the person at the cell company explained that "I" had called in last month and asked to have one of the phones (husbands) placed into a new account and that I had lost rights to this phone. The representative explained that the call was recorded and it could be proven. Well, I knew exactly what had happened. They were able to tell me the date and time when "I" had called in and guess who my husband was with at that exact time/date...yep, our financial planner who I had watched first hand lie to multiple banks and even an insurance company claiming to be someone she was not. Don't misunderstand, I saw nothing wrong with what he was doing as it was usually just her calling claiming to be me at my request since I didn't want to go throught the hassles. Now, it's painfully obvious that she is steering my husband throughout this divorce behind my back. Is it worth my time to subpoena for this digitally recorded phone call which I feel 100% certain will show who the real "ME" is using my personal data (SSN etc.). No, in the big scheme of things losing this number is no biggie, however, it is obvious to me that this once trusted friend (professional) sees where she can benefit most by aiding my husband throughout this divorce process and she's willing to do this to make it happen. I don't want her in trouble with the law as I just don't operate that way. However, if my lawyer gets this record and it's clearly her, what are the different scenarios that could happen? It is possible that it's my daughter and if that's the case then I'll just laugh but if it's someone outside of my family I have a very big problem with that. Thank you in advance! Pat

Financial Planner stole my identity...? Several years ago my financial planner was putting together my portfolio which included some stocks, annuities etc. that my parents were going to give me as a gift. Well, my father was out of the country and he told me that he wanted to be present when All of these gifts were switched from his name to mine. I fully understood and told the planner we'd need to wait. Well, when my father returned in 3 weeks I received a call from him and he was extremely upset. He asked how I had taken nearly $75,000 from his stock/annuity accounts without respecting his wishes to be present. I had no answer and I called my planner to ask him. Only to find that she said that she just went ahead and took care of it as she had my fathers information (bank numbers/passwords and SSN). Well, my father was furious but he calmed down and it was excused. Now to 2009.......my husband and I have decided to divorce and to be honest, it's getting quite ugly as we are not agreeing on asset distribution. Well, the other day I was going through some financials with the paralegal at my lawyers office and there is a large sum of money (about $50,000) that is unaccounted for. I was sure that the planner (yes, we both still use her) had just moved it and it would all make sense. Then I called a credit card company only to find out that the account (in my name) had been canceled. OK, now something is wrong. Well, I have our cell phones in my name (5 of them- me and my husband and 3 kids). All are in MY name and I called to see if we had gone over on our plan (thanks to the kids) and I learned that my bill was about $35 less than normal. This made no sense so I looked further and the person at the cell company explained that "I" had called in last month and asked to have one of the phones (husbands) placed into a new account and that I had lost rights to this phone. The representative explained that the call was recorded and it could be proven. Well, I knew exactly what had happened. They were able to tell me the date and time when "I" had called in and guess who my husband was with at that exact time/date...yep, our financial planner who I had watched first hand lie to multiple banks and even an insurance company claiming to be someone she was not. Don't misunderstand, I saw nothing wrong with what he was doing as it was usually just her calling claiming to be me at my request since I didn't want to go throught the hassles. Now, it's painfully obvious that she is steering my husband throughout this divorce behind my back. Is it worth my time to subpoena for this digitally recorded phone call which I feel 100% certain will show who the real "ME" is using my personal data (SSN etc.). No, in the big scheme of things losing this number is no biggie, however, it is obvious to me that this once trusted friend (professional) sees where she can benefit most by aiding my husband throughout this divorce process and she's willing to do this to make it happen. I don't want her in trouble with the law as I just don't operate that way. However, if my lawyer gets this record and it's clearly her, what are the different scenarios that could happen? It is possible that it's my daughter and if that's the case then I'll just laugh but if it's someone outside of my family I have a very big problem with that. Thank you in advance! Pat

Several years ago my financial planner was putting together my portfolio which included some stocks, annuities etc. that my parents were going to give me as a gift. Well, my father was out of the country and he told me that he wanted to be present when All of these gifts were switched from his name to mine. I fully understood and told the planner we'd need to wait. Well, when my father returned in 3 weeks I received a call from him and he was extremely upset. He asked how I had taken nearly $75,000 from his stock/annuity accounts without respecting his wishes to be present. I had no answer and I called my planner to ask him. Only to find that she said that she just went ahead and took care of it as she had my fathers information (bank numbers/passwords and SSN). Well, my father was furious but he calmed down and it was excused. Now to 2009.......my husband and I have decided to divorce and to be honest, it's getting quite ugly as we are not agreeing on asset distribution. Well, the other day I was going through some financials with the paralegal at my lawyers office and there is a large sum of money (about $50,000) that is unaccounted for. I was sure that the planner (yes, we both still use her) had just moved it and it would all make sense. Then I called a credit card company only to find out that the account (in my name) had been canceled. OK, now something is wrong. Well, I have our cell phones in my name (5 of them- me and my husband and 3 kids). All are in MY name and I called to see if we had gone over on our plan (thanks to the kids) and I learned that my bill was about $35 less than normal. This made no sense so I looked further and the person at the cell company explained that "I" had called in last month and asked to have one of the phones (husbands) placed into a new account and that I had lost rights to this phone. The representative explained that the call was recorded and it could be proven. Well, I knew exactly what had happened. They were able to tell me the date and time when "I" had called in and guess who my husband was with at that exact time/date...yep, our financial planner who I had watched first hand lie to multiple banks and even an insurance company claiming to be someone she was not. Don't misunderstand, I saw nothing wrong with what he was doing as it was usually just her calling claiming to be me at my request since I didn't want to go throught the hassles. Now, it's painfully obvious that she is steering my husband throughout this divorce behind my back. Is it worth my time to subpoena for this digitally recorded phone call which I feel 100% certain will show who the real "ME" is using my personal data (SSN etc.). No, in the big scheme of things losing this number is no biggie, however, it is obvious to me that this once trusted friend (professional) sees where she can benefit most by aiding my husband throughout this divorce process and she's willing to do this to make it happen. I don't want her in trouble with the law as I just don't operate that way. However, if my lawyer gets this record and it's clearly her, what are the different scenarios that could happen? It is possible that it's my daughter and if that's the case then I'll just laugh but if it's someone outside of my family I have a very big problem with that. Thank you in advance! Pat

What's ball-park figure of the monthly income from a single premium, life only Annuity? 60 years old male, on high blood pressure medicine but in good health otherwise. This single premium would be $35,000 ( yes I do have other investments ) and payouts would begin immediately. It's life only so the insurance co's typically pay out higher because there are no beneficiaries when I die. I own an annuity already :(, in the future I'd like to convert it to the above mentioned. Just wondering the typical $ per thousand they're paying out these days.

These are the available child plans in LIC.. Jeevan Anurag Komal Jeevan CDA Endowment Vesting At 21 Marriage Endowment Or Educational Annuity Plan CDA Endowment Vesting At 18 Jeevan Kishore Jeevan Chhaya Child Career Plan Child Future Plan Child Fortune Plus Please suggest me best plan for policy term 10 to 15 yrs.

Hello, I had a accidental injury case which settled several years ago but I moved around and I never collected the settlement paid by an annuity. I have now found the insurance company that was to pay this settlement and I would like to know if my unclaimed settlement may have or was entitled to collect interest? It was settled about 15 years ago in the state of california county of los angeles. Thanks I was doing a search on the state of California UNCLAIMED PROPERTY site and found my name and the company that was to pay this. I was a minor at the time and did not have this information and the courts had to research it in their archives. I don't know if it was deposited to any bank as my mother had that information and is now lost.

Can someone please tell me how to solve this question? I know the answer is $49,049.20 but I don't know how to get that. Thanks! The Bandon family purchases a house for $225,000 in Saskatoon. To avoid a mortgage loan insurance by CMHC (Canada Mortgage and Housing Corporation), they make a 30% down payment and amortize the remaining amount at 6.24% compounded monthly over a 30-yr period. After 200 payments, the family decides to pay off the mortgage with a lump sum payment. How much have they saved in interest charges?

Why do some people dislike insurance annuities? Are they considered a rip off? I have heard opinions not to buy but no real reasons. Help me , please

I was sold a Global Index Universal Life by Western Reserve Life. The index is a mixed bag of SP500, European Index and Hongkong Hengseng. high cap is set at 13.25%, and the bottom is set at 2%. When I ran a simulation for the past 20 or so years, I can expect a compounding annual return of 9% from the product. Comparing with the return of SP500 at the same period, the return is a dismal 6%. Investing in stock does not match the life insurance even I added another 2% of dividend from stock. Overall, in spite of heavy charges and expenses, this UL outperforms the scenario of investing the same amount of money in Roth IRA and a term life. Therefore, I am pretty attracted to it. The only uncertainty is that the insurance company can change the cap at its will, and so I am worrying about the probability that the insurance company will lower its cap. Some of my argument is 1) Can insurance company consistently makes more than those on stock market for a long long time, I mean, my life time? I know the money is not invested in stock, but on fixed-return investment and call options (learned from a website). I heard many times that 90% of mutual funds cannot outperform index fund for a 10 year horizon. and I guess some of the mutual funds use sophisticated strategy, which could include fixed-return investment and options. If these mutual fund cannot outperform index, can insurance company? 2) Of course, insurance company need not to worry about how much return they offer now, because they charge a heavy "per unit charge" (about 25% of target prenium) for the first 8 years (in the product I was sold). That is a reserve they keep for future uncertainties. Anyhow, the Equity-indexed life insurance is only around for 9 years, and the company I was sold may have the product for only several years. By that, I mean the possibility of reducing cap won't be seen in the near term. But I will be locked in the product for life time (of course, I can surrender and pay tax, or transfer the cash value to another product, which is not a good idea either.) 3) I want to know some history of related products. a) Whole life is indexed to the rate of saving account. Were there any decrease of returns in history? Are they big? b) I heard on a website (forgot where it is exactly) that indexed annuities are offered earlier than indexed UL, and some of these annuities got into trouble, and the problem is spilled to EIUL now. Can anybody offer a little more insight on this?

A family member just passed away and I am so lost and confused, On my paperwork from the insurance company it is asking me to choose one of the following. To annuities the contract start receiving periodic payments what does that mean? The other option I have is To take full distribution of the con tract's proceeds and the proceeds will be placed in a life account if the amount qualification are met? What do these two things mean I am so confused and lost and I really need help with this and what I should do thank you. The insurance company does not go over the options with you at least the one that I am dealing with that's what I am going to see a lawyer for. So plz don't answer my question if you don't know and want to be hateful about it.

But the letter says "This check has been provided to aide you in the mandatory payment of NON-Canadian Residential Tax, insurance, and Delivery charges pertaining to your winnings" and it says that I have to contact an agent. I looked up the number and it was a Canadian Number. The drawing was a consumer's Promotional Draw.

I am looking to sell index and fixed annuities (not variable). I was looking at being sponsored with a broker dealer but am leaning against it, at least for now. Do I need a sponsor to take the life/health insurance exam in Arizona (or anywhere)? I know the securities exam (6 and 63) require a BD to sponsor you, but I can't find out if the L&H does.

My father died with an outstanding work comp annuity, I'm the beneficiary, but the insurance company is giving me the run around. I gave them the information that they asked for and they still won't tell me any thing. My question is, should I get legal representation?

I am 64 years old and had to quit my job due to medical problems. The only insurance I can afford is a limited insurance plan for $209. a month. I recently had to go to the emergency room for severe stomach problems...my insurance plan paid a total of $100. I got a bill for over $2,700. Because I have money in an annuity, ss disability is an extra $100. a month added to my existing ss and nothing more. Sometimes it doesn't pay to apply for disability. My annuity money is going fast. Does anyone know of anything else I qualify for if I have over $2,000. (the limit that I understand for medicaid) of money?

Below average state college --- If you offer Annuities, Long Term Care Insurance, Investment services.... Just wondering

I hav heard of and read of Insurance companies issuing variable annuities that will guarantee a minimum of 6% return on your investment even if the markets take a nose dive as they did recently. The two insurance companies and their plans are: ING Life Pay Plus and JACKSON Freedom 6. Are these plans legitimate and, if so, how can they guarantee the minimum 6% in a declining market?

I need to know what to invest in conservatively and whether to use 72T. I have been told to stay away from annuities. Help I will be 56 in December and just retired last week so will probably not see any of it till January or so. I need it to last and do not know if I will be able to work and need suggestions. My home and car are paid for and no outstanding bills, just car and house insurance taxes ,utilities, and basic needs and I am single, UPDATE : I am working with Fidelity and opened an IRA so I will not be paying any taxes out of it untill I actually receive any of it. I am thinking of using 72T for 5 years an also have some money in 401K and just want info for what to do with it in that IRA I still have all my benefits from at&t so that includes insurance. I do know that we will be paying something for the insurance in the future but don't know how much yet but I have heard that for retirees it will be around 13 a month for single. I also have applied for Social Security Disability but don't know if I will qualify and have been on short term Disability for a year and needed to retire

My wife owned an commercial annuity for about 10 years and totally cashed it in in 2008. The insurance sent her what looks exactly like a 1099R except that it didn't say 1099R on it. What forn to use to report the income to irs?

Write something in context to these - Life Insurance Tax, tax on life insurance payments, c orporate owned life insurance tax, excess life insurance tax, life insurance and income tax, life insurance and tax, life insurance annuity tax, life insurance distribution tax, life insurance dividends tax, life insurance policy tax, life insurance proceeds income tax, life insurance proceeds tax, life insurance proceeds tax free, life insurance settlement tax, life insurance tax free, life insurance tax reserves, tax basis life insurance, tax of life insurance, tax on life insurance, tax on life insurance dividends, key man life insurance tax, key person life insurance tax

I was in an accident last year, a doctor who had high coverage ran into me when i was on my motorcycle and I broke my femur. The hospital bill was 125,000. My lawyer called me today and wanted to know if I wanted an Annuity or upfront payout. My question is, has anyone been in a similar situation? A) I'm wondering about how much I could get from insurance B) Annuity vs Upfront

I need advisement from someone other than a financial advisor that will of course tell me LUMP SUM and will profit from it. I need hard facts on which way to go and what type of of advisor I need to talk to that will not just want me to take the Lump just to further their career, I know that they need to make a living too but my future is in their hands and I need to make this decision ASAP. If the LUMP is the best way than what do I do or would the lifetime annuity be the best for me. My home and car are paid for and no real bills, just taxes, home and car insurance etc. HELP! I am divorced along time ago and single, no spouse. I don't know how to invest or where to go for advise. At&t uses Fidelity to handle their 401K and retirement accounts. I also have about 130,000 in 401K and about 75,000 in bonds and cd's

My sister is 69y/o, destitute and crippled, living on a small social security check. The IRS informed her that she has an outstanding debt of about $9500, mostly from income her deceased husband made, and has levied her small checking account to collect a few hundred dollars. Of course, that left her with no money for basic living expenses, and overdraft charges, but that's another matter. While trying to help her, we found out she has two life insurance policies with cash values (one on herself, one on our mother), plus a variable annuity with a few thousand dollars in it. In this situation, can she transfer ownership of the life insurance policies to me (for example) to divest herself of the cash values and thus protect them from the IRS? Can she cash in the variable annuity and give the cash to someone else? Or spend it, for example on a car? Also, do you think this would be a good case for making an "Offer in Compromise" or requesting a waiver of the unpaid taxes, or at least the interest & fees, especially since part of the taxes are from her deceased husband's income? I think I know the answers to those questions, but I'm hoping some of the experts on here can tell me for sure. And, if you could offer any other advice I'd certainly appreciate it. Thanks!

I Free looked an annuity policy in exchange for another policy, but the insurance company sent the check directly to me and not to the other insurance company I was rolling money to in 2008. I put the check for $150,000 into the bank and wrote out a personal check within days to the new insurance company. Does this make this rollover a taxable Event or does it still qualify as a 1035 exchange since it was rolled over within days?

I need some ideas for the name of an insurace company, not an insurance company that sells car insurane, but one that sells health insurance and annuities. Something short and sweet. A company name that you would do business with. Thanks so much for any suggestions.

I need a name for a health insurance business. Selling health, life, acc, dental, medicare sups and annuities. I am desperate, I want something catchy and succinct but portrays what we do. We work on a direct basis as well as with groups. Can anyone help?? I was thinking Ensurance ??? with an e as in to Ensure ???

1) Life insurance 2) Investments + annuities 3) Individual retirement accounts 4) Education fund 5) Prepaid legal for families and businesses. 6) Long term care 7) Home loans 8) A plan that will pay off mortgage and other debts faster 9) A free financial needs analysis 10) Retirement plans for businesses or organizations 11) Auto & Homeowner's insurance 12) Opportunity to work at their company I want to know the names of companies that can do all of this besides Primerica. Primerica is a good company, but I was wondering if any other companies that can do everything that Primerica can do.

...by buying this annuity, your agent promises that you will recieve payments of $384.40 a month for the next 40 years. what is the annual rate of return on this investment?

given the amount of money the man has available to invest, the insurance company is able to offer two alternatives. the first option is to receive $2785 each month for as long as he lives; the second option is to receieve $3500 each month, but for only 20 years (payments will be made to his estate if he should die before that time) the relevant interest rate is 6 percent per year. how long must the man live so that the first option is a better deal? can someone please tell me how to answer this question?

1- Do Smokers have to pay higher premiums for life insurance than non-smokers? 2- What is the current interest rates paid out on annuities in the USA? 3- When employing staff, should employers have the right to discriminate against smokers? Thank you in advance for your answers.

I was reading and generally so long as proof of death is given the insurance company will payout deaths of people visiting or living abroad. If an American dies while living abroad and that person names a non-American family member (wife, husband, children) as a beneficiary, will the American insurance company pay internationally? Would the relative/beneficiary have to be in the states to receive payment? How does this situation differ if it is an annuity, lump sum, or the beneficiary is a minor?

when it pays you for dying. Annuities are really life insurance. They pay you in case you live.

If employees can save tax dollars through their employers' HSA plan by deducting pretax dollars put aside for unreimbursed medical expenses from their weekly paycheck, why not the rest of us?

my mother is been diagnoise with terminal illness we are now trying to be proactive putting finishing touches matter. she has a annuity account which names the benificuaries as the abcdef family trust, and check will coming in such name. how does one setup a banking account to deposit upon issuance of annity and other insurance policies? benificuaries are all abcdefg family trust.

I am Currently Unemployed House note remaining $134,000 = $3,300 per month at 5.375% interest rate $74,000 in an IRA – losing money fast! $55,000 Emergency funds Should we take the IRA and emergency funds to pay off remaining $134,000 on house which will free up the $3,300 per month (of course taxes and insurance will still have to be paid) Principal and Interest per month is $1,900. Taxes and Insurance on house approximately $18,000 per year We have additional monies in 401K’s that will not be touched until retirement •Should we pay off the house, which will leave us without emergency funds and one 401K? •Should we invest these monies in an annuity which will pay 10% upon entering, but will be tied up for 10 years? Guarantees 8% •Should we refinance the house to lower the monthly payment and when I get a job, pay off as quickly as possible (but if I don’t get a job, have a more manageable note)? Husband is of retirement age, so no penalties, just the interest will have to be paid if we use the IRA. My fear is that if I don’t get a job soon and we deplete our emergency funds that we will not be able to make ends meet for the remaining years on the house note. What to do? Funds are disappearing fast!

My mother and father passed away and my mom had set up a fixed annuity with Genworth Financial. I am wondering how long it will take for that payment to get here (I sent the paperwork in last Tuesday) and get processed. Any idea?