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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 T = Timeliness P = Politeness| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Mary Ann | 11/11/09 | 10 | 10 | 10 | 10 | The information provided was extremely helpful. You ..... |
| Monica | 11/10/09 | 10 | 10 | 10 | 10 | Mr. Brumbaugh, I really appreciate you taking ..... |
| Bella | 09/22/09 | 10 | 10 | 10 | 10 | |
| Tova | 09/02/09 | 10 | 10 | 10 | 10 | |
| Debbie | 08/31/09 | 10 | 10 | 10 | 10 | Thank you for your time . |
Recent Answers from Willard R. Brumbaugh, LUTCF, CSFP
2009-11-15 Rio Grande National Life Insurance:
Dear Kathleen, You might try these: Liberty Mutual Ins Co, www.libertymutual.com, 800-551-8354, purchased most life policies Lincoln National Ins Co, www.lincolnlife.com, 800-487-1485 ext. 8502
2009-11-11 Stocks issued to life insurance:
Dear Mary Ann, It does not matter whether you sell the stock or not; the appraised value of the stock at the time of her death will be included with the other assets of the estate. These will be taxed
2009-11-08 Transfer of policy ownership:
Monica, Income tax on $40,000 at 10% plus 50% gift tax on $6,000 would be $7,000. 25% income tax on $40,000 would be $10,000. And 30% tax on the $40,000, if you were to cash in the policies, would be
2009-11-07 Transfer of policy ownership:
Dear Monica, I would like to know more about these policies. What company or companies are these policies with? Are they Participating Whole Life? Has the Face Amount grown since they were purchased?
2009-11-06 bank on your self - company choice:
Dear Matt, You can use Northwestern Mutual. However, as a responsible company working to treat all it's clients fairly, they do apply "direct recognition" to dividend distributions. As I understand
Answers by Expert:
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