Life Insurance HQ The Podcast

Earning a living to provide for your family is why you work every day. What would happen if you were not around to do all the things you do and make sure they could still afford their home, school costs, and future?

Life insurance can help.

Life insurance policy riders are add-ons to a life insurance policy at issue. They can be added to any newly issued policy. What riders are available will vary by carrier, product, and state.

Before adding a policy rider to your life insurance contract make sure you understand how the rider works, what requirements need to be met to use the rider, and what costs are associated with having the rider.

Learn more about life insurance policy riders.

Beginning in 2023, ultra-wealthy individuals and families can protect more assets from federal estate taxes with the increased lifetime exemption and annual gifting limits increasing.

Learn more at mericleco.com.

Indexed Universal Life Insurance policies have quickly become popular. There are a number of product designs and features that will ultimately impact policy performance.

In this episode, we talk about how different multipliers and policy loans can affect how a policy will perform over time.

Join us as we discuss John Hancock and its recent crediting rate increase, along with the recent acquisition of Ohio National by Constellation Insurance Holdings, Inc.

We will talk about how different factors can and will likely impact some policy owners.

A Split-Dollar Life Insurance Plan is a sophisticated strategy that can provide benefits to business owners, key employees, and families interested in minimizing gift tax for estate planning purposes.

Click here to learn more about split dollar life insurance.

When you apply for life insurance you will typically go through an underwriting process. During this process, the carrier is taking into consideration a number of factors to determine your health class. Your health class, age, and gender are what ultimately determine the cost of coverage.

Learn more at mericleco.com or email us at [email protected].

Life insurance is not a one size fits all product. There are many uses of life insurance from income replacement and estate planning to business protection. The use of life insurance is specific to your individual circumstances.

This podcast reviews some of those uses and the type of policies available. To learn more please visit us at  https://mericleco.com or email us at [email protected].

When naming a life insurance beneficiary the policy owner should consider several factors ranging from individual circumstances affecting a beneficiary, creditor protection, and any income, estate, or gift tax implications that may arise.

Learn more at mericleco.com.

Long-term care is care you may need if you are unable to perform activities of daily living (ADLs). Activities of Daily Living include eating, bathing, dressing, using the bathroom, or getting in and out of bed. The national average monthly cost in 2021 for home-based long-term care services is $5,148, while the average monthly cost of care in a nursing home is $7,908.

Standalone long-term care insurance products or life insurance with a long-term care rider can help provide financial assistance to help cover some or all these expenses.

Learn more about life insurance with long-term care.