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Local Life Agents
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Understanding Life Insurance Policy Loans - Brad Cummins   Taking Loans Against a Life Insurance Policy. There are many different types of permanent life insurance policies that offer a cash value component – and because of this, one way for these policy holders to access cash quickly can be to borrow funds from the cash value. In some cases, the policy holder can borrow policy loans on life insurance up to 90 percent of the total amount of cash that is in the policy. But, while this can pr...
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Life Insurance Retirement Plan - Brad Cummins   Life Insurance Retirement Plans: How to Withdraw Truly Tax Free Income. While you may be socking money away each week into your employer-sponsored 401(k) plan – only to have the stock market make it disappear lately – you might be surprised to learn that these plans were really only meant to supplement pensions when they came out back in the 1970s. In other words, the 401(k) plan that so many folks are counting on as their key source of future...
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LTC Insurance Can Be a Family Affair - Brad Cummins How Having Long-Term Care Insurance Can Be a Family Affair Today, people are living longer than at any other time in history. But, while that is certainly great news, it also means that more individuals are in need of long-term care – and, they’re needing that care for longer periods of time. In most cases, the need for this type of care will start out gradually with a person just requiring basic assistance with activities like shopping or...
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Donate to Charity Using Life Insurance - Brad Cummins   How to Set Up Charitable Contributions Using Life Insurance Throughout your life, it is likely that you’ve come to be involved with various groups or organizations – some of which may be in need of donations or financial support in order to keep them running. While making donations of money during life is always a proper gesture, in many cases, doing so through life insurance can allow you to multiply the amount of your support for pen...
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Developing Exclusive Life Insurance Leads - Brad Cummins   Any successful insurance agent knows that in order to remain competitive in this business, you’ve got to have people to talk to – and not just any people, but good, exclusive qualified leads. The generation of good insurance leads has in fact been the subject that haunts most struggling insurance agents – especially once they have depleted their initial “warm natural” market. In the past, if an agent was not able to prospect very we...
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5 Things You Need to Know About Fixed Index Annuities - Brad Cummins   Fixed index annuities, or FIAs, can provide a wide variety of benefits to those who are approaching retirement. One of the biggest of these advantages can be a guaranteed lifetime income – regardless of how long the individual lives. In addition, unlike most other tax-deferred retirement plans like an IRA or a 401(k) plan, an annuity does not have annual contribution limitations – meaning that it’s holder can deposit a g...
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5 Questions to Ask Before Buying LTC Insurance - Brad Cummins   For anyone who is considering the purchase of long term care insurance, it is likely that you are at least somewhat familiar with the substantial cost of care itself. According to Genworth’s 2014 Cost of Care Survey, the average annual cost of a private room in a skilled nursing home in 2014 was more than $87,000 – and that’s just an average. In some areas, the price tag has already topped the 6-figure mark. With that in mind, ...
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Poor LTC Plans Can Reduce Lifetime Income - Brad Cummins   How Poor Planning for Long-Term Care Needs Can Reduce Lifetime Income As we go through day to day life, most of us prefer not to think about the sad realities of things such as death or long-term care. Unfortunately, though, these aren’t concepts that happen only to “other people” – so, having a good solid plan in place in order to address these concerns ahead of time can go a long way in easing many concerns – financial, physical, ...
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Do You Fear Becoming a Burden to Your Children? - Brad Cummins   As we all go through life, there are many concerns on our minds. One of the biggest worry on the minds of many who are either retired or who are approaching retirement is that of outliving their income before they run out of time. Yet today, there is also another fear that many seniors have – one that may not be quite as openly discussed, but nevertheless, it still ranks among the top on the list. This is the fear of becoming ...
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The Life Insurance Costs Of The Most Dangerous Jobs On Earth (And Beyond)
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