Life & Health Insurance/Expert Profile

Expertise

I will answer questions of a general nature regarding life insurance, disability income insurance annuities (fixed and variable) and long term care insurance. Also, questions regarding estate analysis. No legal or accounting advice, as I am not a lawyer or a CPA. I do not sell health insurance, so have limited knowledge of the current status of that field.

Past/Present Clients

Families, professionals, small businesses, individuals.

What do you like about this subject?

I like helping people provide security for their family and to provide for their future income needs. I also like the fact that life insurance is the only financial product that creates an estate at death where there is none or it is less than required.

What do you still hope to achieve/learn in this field?

I hope to merge my marketing and service efforts with the convenience and immediacy of feedback of the internet. I further hope to move more into the field of employee benefits planning for top hat executives.

Something interesting about this subject that others may not know:

Life insurance proceeds are income tax-free and probate-free when paid to a named beneficiary, as a general rule. Where the policy has been previously transferred for value (i.e. sold), this rule does not apply (proceeds would be subject to income taxes).

Something controversial or provocative about this subject

On almost an annual basis, the White House proposes increasing taxes on insurance consumers by removing tax advantages from life insurance and annuity products. The National Association of Insurance and Financial Advisors maintains a large lobbying force for the purpose of fending off these proposed tax increases using public awareness campaigns and letter writing drives.