Saturday, September 29, 2012

Does Life Insurance Pay if You Are Murdered?

Under most circumstances, life insurance does pay in the event that you are murdered

In many cases, life insurance benefits are paid if you are murdered. However, a myriad of circumstances must be examined and considered to determine the likelihood of an insurance company denying benefits to heirs, even in a clear case of homicide.

Though each case is individual, the following are common issues that affect whether a life insurance policy will pay out if the insured has been murdered.

Friday, September 07, 2012

What Is IRA Annuity & Can I Withdraw at Retirement?

Annuities are one of many possible investment options that you can place inside an individual retirement account, although they can also be purchased as standalone investments outside formal retirement accounts.

Annuities within IRAs are commonly referred to as "IRA annuities," but there's no difference in the features of these products and those of non-IRA annuities.

Thursday, September 06, 2012

What Licenses Do Bankers Have to a Sell Fixed Annuity?

Bankers are prohibited from soliciting, selling or even discussing annuities without a life insurance producer's license

An increasing number of bank representatives are selling insurance products. The banking and insurance industries are indirectly connected, and transitioning customers from one product line to the next is often logical.

However, conducting banking business and insurance transactions requires different licenses.

Wednesday, September 05, 2012

Can Annuities Have Primary Beneficiaries and Contingent Beneficiaries?

The annuity owner can specify any number of primary and contingent beneficiaries, and can add, remove or change them at any time

Although annuities are retirement investment products, they are managed by life insurance companies and contain provisions that allow owners to specify beneficiaries.

The annuity owner is free to specify any number of primary and contingent beneficiaries, and he can add, remove or otherwise change those designations at any time.