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- Willard R. Brumbaugh, LUTCF, CSFP
Life & Health Insurance/Expert Profile
Willard R. Brumbaugh, LUTCF, CSFP
Expertise
I can handle questions concerning life insurance, it`s tax implications, how to determine what is appropriate, and how it fits in one`s estate and retirement planning.
Experience in the area
For 2 1/2 years I was an expert on AskMe.com, where for most of that time I was ranked #1. I have been a moderator (instructor) for the Life Underwriters Training Council. I have been licensed since 1969. Organizations I belong to: National Association of Insurance and Financial Advisors - California and the Inland Empire Estate Planning Council. I hold the professional designation of Life Underwriters Training Council Fellow.
What do you like about this subject?
Almost everyone can benefit from some aspect of life insurance. Whenever someone agrees that it is time to take the step of getting life insurance, and s/he decides that I meet the expectations of that person, I am gratified.
What do you still hope to achieve/learn in this field?
I learned a long time ago that it is not what you know, nor is it whom you know, but who knows you that makes one successful. It is my hope that this site will help many to get to know me.
Something interesting about this subject that others may not know:
Contrary to the opinion of many, all types of life insurance meet the needs of some individuals, but no type of insurance meets the needs of all individuals.
Something controversial or provocative about this subject
Permanent life insurance, properly funded, is a better tool for retirement planning than bank products and mutual funds.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| KEVIN | 03/06/12 | 10 | 10 | 10 | Thanks Willard. I told my Mother-in-Law to ..... |
| paul | 01/13/12 | 10 | 10 | 10 | |
| Tammy | 01/10/12 | 10 | 10 | 10 | Thank you for your expedited and knowledgeable ..... |
| Joel | 11/07/11 | 10 | 10 | 10 | very helpful answer, quick and to the ..... |
| donna | 11/06/11 | 10 | 10 | 10 | thank you i will call the numbers ..... |
Recent Answers from Willard R. Brumbaugh, LUTCF, CSFP
2012-03-15 div on deposit:
Dear Don, You are correct, until such time that the dividends themselves (not counting the interest) exceed the total premiums paid. Comment: You could have avoided paying taxes on the interest if
2012-03-03 tax liability of a single premium life policy with an endowment benefit issued in 1987:
Dear Jane, I am in my 44th year as a licensed insurance agent, and my 13th year answering questions on the internet. This is the first time I have had your situation come up. So, I am going to have
2012-03-03 Life Insurance Tax Question:
Dear Kevin, There is no Federal Estate Tax when the beneficiary is the widow(er) of the deceased. Also, the Death Benefit is not subject to Federal income tax. I am curious as to this tax preparer's
2012-02-18 45 and confessed IULI:
Dear Scott, First off, your attorney should stick to what he knows. I have been licensed since January 1969, and even believed in Buy Term and Invest the Difference myself for a while. Were you to read
2012-01-18 life insurance on partner:
Dear Dorothy, Yes, however, he must sign the application as the potential insured. One other thing, unless there is some other fact that I am not aware of, you should sign the application as the owner
Answers by Expert:
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