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Any asset under your name will be treated as your estate, lic chandigarh lic business that includes your lic office chandigarh

life insurance proceeds upon your death. Most Vie in the Insurance:Life Annuities Category (60 days)

Most Published in the Insurance:Life Annuities Category (60 days)


What estate planning issues may arise from your life insurance.

Your beloved heir may have to life insurance license use the proceeds to fund his basic needs until they are depleted, then only the special government program may resume. If your heirs are young lic agent chandigarh adults, it could be more challenging to them when it comes to important financial decisions. Without a proper planning, lic online premium payment the proceeds may result the benefits to be forfeited.

Moreover, you should also be careful as the. The basic of the life insurance policy is the death benefits. Moreover, you life insurance

should also be careful lic chandigarh as the minors (children below 18 years of age) could not inherit the proceeds life insurance outright. Inheritance of huge amount of money may not be a sole good news to your heirs as they life insurance corporation may not get used to managing the sudden windfall. The money may have to be held in trust and managed by an adult. If your heirs are young adults, it could be more challenging life insurance corporation

to them when it comes to lic plan important financial decisions. lic agency The basic of the life insurance policy is the death benefits.

You may need to be cautious when your beneficiary is under special aid from the government program such as supplemental security income (SSI) and Medicaid. chandigarh life insurance

Inheritance lic agent

of huge amount of money may not be a sole good news to your heirs as they may not get lic office chandigarh used to managing the sudden windfall. It may be hundreds of thousands of dollars, which may increase the estate tax considerably. lic agent

Any asset under your name will be treated as your estate, that includes your life insurance proceeds upon your death. It may be hundreds of thousands of dollars, which may increase the estate tax considerably.

To know life insurance more insurance company chandigarh

about How Does an Irrevocable Life Insurance lic business Trust Benefit You, visit my site /estate planning/how does an irrevocable life insurance trust ilit benefit you.php You can also learn more about whole life insurance online How to Set Up a Special Needs Trust for a Disabled Heir in /estate planning/how to set up a special needs trust for a disabled heir.php
Other Recent from the Insurance:Life Annuities Category. For instance, if your heir is currently under SSI and Medicaid, you should not allocate the proceeds to fund his basic needs, but rather use it for lic policy his education, transportation, utilities, entertainment etcetera which the SSI and Medicaid do not cover.

For beneficiaries of this type, you may need a special plan, which will be used to control the proceeds ownership and how, when and on what they would be spent. What estate planning issues may arise from your life insurance. In this case, you may find setting up a irrevocable life insurance trust a handy solution.

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