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You know how sometimes the storm just has to get worse before it gets better? That’s where we are in Part V of the Aretha Franklin saga.  Under the topic of, “It’s not what you gross – it’s what you net,” here’s the latest; The Problem Let’s add Income Tax to the mix… According to an article in the New York Times last month, Ms. Franklin apparently owed several million dollars in unpaid income tax…
Headlining this edition of “What’s Trending in Life Insurance” is the acquisition of life insurance giant Allstate. Read more about this and other stories below: Blackstone to buy an Allstate life insurance business for $2.8B Making a splash in the insurance world recently has been the purchase of Allstate’s life insurance branch by investment firm Blackstone Group. They paid just over $2.8B for the acquisition. They hope to broaden their hold on the insurance and…
This edition of “What’s Trending in Life Insurance” is headlined with a story on genetic test results, and asks the question, “Can life insurance companies can access them?” Can Life Insurance Companies Get Your Genetic Test Results? Our first article covers genetic tests and protections on data privacy for life insurance policies. While there are HIPAA protections against sharing this data with health insurance companies, the article points out that in 48 states, life insurance…
Well, here we go again. That estimated $300 Million value for the size of the estate was pared down by the IRS to “only” $162 Million. That’s still way more than the $82 Million trustee Comerica Bank presented when it submitted their assessment. As we predicted in our last blog on this story, Comerica bank is now headed for court to defend its position. Whatever the final amount turns out to be, a lot of…
Most jobs these days include life insurance as a benefit for employees. It’s a valuable benefit while employed there, but how well does it protect the employee’s family? Too often, not well enough. Here’s why: Problem First of all, it was never intended (and normally isn’t) a complete solution. One or two years salary for a young family isn’t enough. What happens if the money’s gone when that 8 year turns 10? What happens if…
This edition of “What’s Trending in Life Insurance” is headlined by the story of a new life insurance startup that just got a $70 million head leg up on the competition. Growing Dallas life insurance startup Bestow gets a $70 million boost from investors Known as Bestow, this Dallas life insurance startup has made waves in recent weeks as it’s innovated the way people can purchase life insurance policies. Their online-based model aims to make…
Back in the ’70s, “Pay me now, or pay me later…” was the catchphrase for an oil filter commercial. The guy’s point on the TV screen was that “later” was going to be much more expensive. A few mistakes are unavoidable. The majority of mistakes, however, fall into the “avoidable” category. Here’s the latest from last week’s news feed. Tony Hsieh, the esteemed billionaire responsible for Zappos and several other profitable companies, died without a…
This edition of “What’s Trending in Life Insurance” mentions articles from Forbes, Business Insider, and Financial Express. Why Stay-at-Home Parents Need Life Insurance A recent article from Forbes discusses the question, “Do stay-at-home parents need life insurance too?” Our take – Every situation is unique, and life insurance policies could be a great fit for anyone, given the right circumstances, to serve their priorities. The author acknowledges all the financial support a stay-at-home parent actually…
 Another Veterans Day is upon us, and I have some thoughts for you about veterans and heroes. When I was a child, if there wasn’t a veteran in your house, the next-door neighbor probably was. They were everywhere. These days, less than 7% of our population are military veterans. My favorite definition of a veteran is someone who, at some point in their life, signed a check payable to the government of the United…
 We all know that feeling. That sinking feeling, where something unexpected pops up in front of you and tries to ruin your day. Well, some of those things are more serious than others and, of course, I have a couple of examples for your consideration. What does life insurance have to do with the battery in my truck? More than you might think: Problem The other day, I decided to drive my truck to…