Excluded Assets for Medical Assistance: Burial Space and Burial Space Items

Jill Sauber / December 10, 2015
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This article focuses on burial spaces, burial space items, and irrevocable insurance-funded burial agreements. There are various types of burial agreements, but only one type of burial agreement is discussed below because of the potential to exclude the entire amount for MA purposes if it is properly written. Medical Assistance (MA) is a means-tested program […]

10 Things you must do before you die! (Not another bucket list article)

Phillip Christenson / November 4, 2015
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Bucket Lists have grown in popularity in the last few years. While it might seem important that you go skydiving, and swim with the dolphins before you die I would suggest taking a look at the below list and giving these items priority. Many of these items have been discussed in detail in other posts […]

Carrier Errors: The Importance of Life Insurance Policy Review

Bob Cohen / July 23, 2015
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In a previous post, I discussed the importance of having a life insurance policy analysis done on a regular basis. I was recently reminded of the importance of policy reviews when I received correspondence from a life insurance carrier whose policy expenses exceeded what was necessary to support the death benefit. Though the mistake was […]

After Hours with Bob Cohen

Jamie Held / May 22, 2014
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Name: Bob Cohen Employer: Tamar Fink, Inc Position: Principal Location: Mpls, MN Education: B.S.B. Accounting – University of Minnesota How long have you been in your career field? I have been in the life insurance and charitable planning arena for over 27 years. What led you to work in this area? A personal experience with […]

Taking the “Maybe’s” and “What If’s” out of life insurance planning…

Bob Cohen / March 25, 2013
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Did you know that well over half (up to 80% according to some sources) of all life insurance policies issued, lapse prior to the insured’s death?  Most policies are designed, purchased, placed and funded with the expectation that at death (an unknown time), the life insurance proceeds (a known amount) would be paid to a […]

What To Do & Ask When Seeking A Professional Advisor

Jennifer Santini / March 19, 2013
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Anytime you are looking to hire a professional advisor (which for purposes of this article shall include, but is not limited to, a financial advisor, attorney, insurance agent, banker and/or accountant), you should do some preliminary homework to determine the type of person with whom you would like to work and prepare some questions to […]

The handy dandy super easy estate planning checklist

Maggie Green / January 17, 2013
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Make this your new year’s resolution.  Or don’t.  Either way, these six things should give you peace of mind that your family and friends will not struggle through the probate process. 1. Make a list of your stuff Create a simple list of your assets with corresponding values – use a ballpark value if you don’t […]

Life Insurance – for Kids

Lindsey Manhart / November 14, 2012
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Let’s face it.  Needing to buy life insurance for your kids tops the list of Things No One Wants to Think About.  It’s difficult to look at the long-term and financial reasoning behind a topic which is full of emotion.  Parents often can’t address it and many life insurance agents don’t broach this awkward conversation.  […]

Unintended Consequences: Naming a Child as Beneficiary of Life Insurance

Anna Lima / June 6, 2012
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If you are one of the millions of parents who own a life insurance policy, you may have your child named individually as a primary or contingent beneficiary if you were to pass away while the policy was still in effect.  However, naming a child individually, especially under the age of eighteen, can have unintended […]

Life Insurance Policy Review…A Disaster or Solution Waiting to Happen?

Bob Cohen / May 28, 2012
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For insured’s under the misperception that their life insurance policy is iron clad simply because they pay their annually billed premium, these folks may be in for an abrupt and expensive surprise.  Many policies are designed to stay in force only on the basis of critical assumptions being met or exceeded over the life of […]

Protecting Yourself as Co-signer on Your Child’s Loan

Lindsey Manhart / March 14, 2012
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A few months ago, I wrote about the importance of having life insurance to help provide for your family upon your death. Today I write about life insurance again, but from a different perspective: what if something unexpected happens to your child? I know that no one likes to think about this scenario, but just […]