by Moneyman Financial Inc. | Sep 2, 2024 | Blog, Insurance, Life Insurance
Considering that the proceeds of a life insurance policy are received tax-free upon the death of the life insured, it is not surprising that the premiums for the policy are not tax deductible. There are two circumstances, however, where premiums would be deductible...
by Moneyman Financial Inc. | Jul 2, 2024 | Blog, Critical Illness Insurance, disability, Disability Insurance, Estate Planning, Family, Insurance, Life Insurance, Long Term Care
The Sandwich Generation was a term coined by Dorothy Miller in 1981 to describe adult children who were “sandwiched” between their aging parents and their own maturing children. There is even a term for those of us who are in our 50’s or 60’s with elderly parents,...
by Moneyman Financial Inc. | Apr 3, 2024 | Blog, Investment, Life Insurance, tax
If you are an active investor, your investment holdings probably include many different asset classes. For many investors, diversification is a very important part of the wealth accumulation process to help manage risk and reduce volatility. Your investment portfolio...
by Moneyman Financial Inc. | Mar 1, 2024 | Blog, Charitable Gifting, Life Insurance
If you are interested in creating a legacy at your death by making a charitable donation, you may wish to investigate using life insurance for that purpose. There are different ways you can structure life insurance for use in philanthropy. The most common are: Gifting...
by Moneyman Financial Inc. | Nov 1, 2023 | Blog, Family, Insurance, Life Insurance
As a young family, you will be facing a lot of new challenges that you may or may not be prepared for along the way. Whether it’s children, a mortgage, or unexpected expenses that come up, now is the perfect time to start thinking about all the potential pitfalls that...
by Moneyman Financial Inc. | Oct 2, 2023 | Blog, Life Insurance
If you have ever thought that life insurance was something you wouldn’t need after you reached a certain level of financial security, you might be interested in knowing why many wealthy individuals still carry large amounts of insurance. Consider the following: A life...
