Life Insurance

Idea of payroll deductions to meet emergency needs gains steam in U.S.

Idea of payroll deductions to meet emergency needs gains steam in U.S.

There is growing consensus in Washington that the inability of many American families to cope with economic blows is a serious problem that needs fixing. The most efficient, robust solution would be to strengthen our key social insurance programs: Social Security, health insurance and unemployment insurance.

Seven Smart Investment Vehicles To Add To Your Holdings

From Forbes.com

Most investors know that a diversified portfolio spreads out your risk and keeps your returns afloat if one of your investments takes a nosedive. The question then becomes: Where are the best places to invest your money?

While the stock market offers plenty of options for diversification, it's wise to look beyond Wall Street and find other investment vehicles with solid yield potential. We asked members of Forbes Finance Council to share their thoughts on the best holdings to add to your portfolio. From cryptocurrency to health savings accounts, here's what they had to say.

1. Life Insurance
2. Self-Directed IRAs
3. Online Businesses
4. Cryptocurrency

5. Real Estate Investment Trusts
6. 401(k) Account
7. Health Savings Account

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Tax Reform Sparks Interest In Life Insurance and Secondary Markets

From Forbes.com

With many Americans reviewing their financial situation after the passage of the Tax Cuts and Jobs Act, it is important that any life insurance needs are also reviewed at this time. The reality is that many people do not think about life insurance as a financial asset and don’t review their life insurance needs frequently enough. Individual life insurance policies consist of over $12 trillion in the United States. But many Americans are not well informed about their life insurance needs, policy specifics, or planning options. As your finances change, as your family grows, or when laws change, it is important to review your existing life insurance and to see if you have a heightened need for any more insurance.

The Tax Cuts and Jobs Act made significant changes that impact the use of life insurance as an estate protection vehicle and modified the tax ramifications of selling a life insurance policy on the secondary market as part of a life settlement. From a fundamental life insurance planning standpoint, these changes reduced the need for some individuals to have life insurance to protect an estate from federal estate taxes and improved the tax situation surrounding the sale of a life insurance policy.

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