The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
(PRWEB) December 13, 2013
Online Insurance Marketplace has released a blog explaining how life insurance can help people leave a legacy behind!
After the age of 65 many people may be concerned about the fate of their family. Financially speaking, heirs whether they are financially independent or not can always benefit from a life insurance benefit. Since life coverage pays proceedings without taxing it, seniors may thing to purchase a life insurance plan with the sole purpose of providing for their loved ones.
Online Insurance Marketplace explains that life insurance can be purchased by seniors who want to use it as an inheritance. Unlike normal estate assets, life insurance proceedings are not taxable. Seniors can leave large sums of money as inheritance for their relatives. Although older than 65 years, seniors can still find life coverage. No exam life insurance plans offer policies to people up to the age of 90 years and the coverage is permanent.
Seniors who want to help their family cover funeral taxes or just leave an inheritance can purchase final expense insurance. This type of plan doesn’t require medical examinations and applicants can qualify for coverage simply by completing a medical questionnaire. The application forms has only four questions. People who have been declared terminally ill or those who suffer from cancer or AIDS cannot qualify for a life insurance plan.
“Online Insurance Marketplace explains how a life insurance policy can become the start of a great legacy! No medical exam life insurance is available for seniors at affordable rates,” said Russell Rabichev, Marketing Director of Internet Marketing Company.
Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lifeinsuranceover65.com.
Read the full story at http://www.prweb.com/releases/lifeinsuranceafter65/seniorslifeinsurance/prweb11420765.htm