Life Insurance and Retirement Planning
The most common business life insurance beneficiary mistake involves key-person life insurance policies. Business owners often attempt to deduct premiums paid by the business for the key-person life insurance policy. He or she has not consulted a tax professional but…
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Another common beneficiary mistake is to name minor children as beneficiaries. While parents should purchase life insurance to provide income to minor children upon death, naming them directly poses problems. Minor children require a guardian to be appointed by a…
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Many people make the mistake of naming their estate as beneficiary of their life insurance policy. The request is most common with single people and is especially common as a contingent beneficiary. Your estate does need money to pay for…
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