TTRoberts
September 10th 03, 05:59 PM
(kat), you asked:
<< <i>TTRoberts, insurance "is" leverage, sooo what should we look fer in this
type of insurance?... </i> >>
Look for one that fits YOUR expectations and priorities. I know this is not
very specific as an agent/advisor/planner would sit down with you, your
attorney and accountant to work out exactly what these specifics are. With
this understood, I would say that typically guarantees tend to be particularly
important to most people in estate planning. So, a good whole life contract is
typically used. And if you're married, a second-to-die whole life is often the
policy of choice. When looking at whole life contracts, participating policies
(those that can pay dividends) tend to result in lower net costs though
initially the premiums may be higher than others. So, one would also want to
look at dividend histories. Look for companies that have a long history in
providing this or that type of policy that you're interested in as you'll want
to feel as comfortable as possible that the company you go with will still be
the one providing what's expected when exptected.
<< <i>Cal, what should i look fer in that interview with a prospective attorney
specialzing in federal estate planning?</i> >>
I would concur with what Cal has suggested . . .and add: compatibility,
flexibility
That is, one who you feel can understand and accept your particular views ideas
for what you may want or not want. What you don't want is someone who is stuck
with just his or her own views and seems only interested in doing things one
way. And I would say this is important for ANY advisor you'd want to work
with. . . . including the insurance agent. ;-)
<< <i>TTRoberts, insurance "is" leverage, sooo what should we look fer in this
type of insurance?... </i> >>
Look for one that fits YOUR expectations and priorities. I know this is not
very specific as an agent/advisor/planner would sit down with you, your
attorney and accountant to work out exactly what these specifics are. With
this understood, I would say that typically guarantees tend to be particularly
important to most people in estate planning. So, a good whole life contract is
typically used. And if you're married, a second-to-die whole life is often the
policy of choice. When looking at whole life contracts, participating policies
(those that can pay dividends) tend to result in lower net costs though
initially the premiums may be higher than others. So, one would also want to
look at dividend histories. Look for companies that have a long history in
providing this or that type of policy that you're interested in as you'll want
to feel as comfortable as possible that the company you go with will still be
the one providing what's expected when exptected.
<< <i>Cal, what should i look fer in that interview with a prospective attorney
specialzing in federal estate planning?</i> >>
I would concur with what Cal has suggested . . .and add: compatibility,
flexibility
That is, one who you feel can understand and accept your particular views ideas
for what you may want or not want. What you don't want is someone who is stuck
with just his or her own views and seems only interested in doing things one
way. And I would say this is important for ANY advisor you'd want to work
with. . . . including the insurance agent. ;-)