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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: SI Dave who wrote (89043)1/2/2005 11:04:42 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 122089
 
Well, yes, if you happen to HAVE a large estate, and sustenance for your dependents in your absence isn't your motivation for having insurance, then I dare say Ms. Orman's advice is not directed at you.



To: SI Dave who wrote (89043)1/2/2005 11:40:14 PM
From: Buckey  Read Replies (1) | Respond to of 122089
 
One of the funniest things I have read anywhere but oh so true.
I've always been rather humored at the irony of life insurance; They're betting their money that you will live, and you're betting that you'll die.

I dont really intend to die nor am ai Betting on it - It actually one bet I am willing to lose LOL and be happy about it.

Like I say - I have minimal Disability - I often state if someone wrecks me in a car crash - do It really good - because I am a disservice to my family alive if I end up being a permenant diasbled person especially if it is vegatative.



To: SI Dave who wrote (89043)1/3/2005 12:11:43 AM
From: rrufff  Read Replies (1) | Respond to of 122089
 
Dave - good chance that the estate tax will go away as it's high priority for the Prez. I'm hoping that they do a $10 million exemption and tax the billionaires with their charitable foundations and eliminate benefits of trust for the extremely wealthy. Would actually raise more money than the current system and $10 million is enough for most families <gggg>. Let those kids work if they need more than 10 mill.

As for your comment about insurance bets on death, reminds me of my insurance professor. He offered that those who bought life insurance tended to live somewhat less in years than those who bought annuities. He suggested that those who buy annuities want to live longer to keep the payouts and, those who buy life insurance, are betting as you suggest, that they will croak.

I don't know if his stats are true or not and it was about 30 years ago, but it impressed everyone in the class.



To: SI Dave who wrote (89043)1/3/2005 12:36:39 AM
From: Edscharp  Read Replies (1) | Respond to of 122089
 
Dave,

Actually, Orman does address the question of estate taxes.

biz.yahoo.com

She states, "One way to protect your insurance death benefit from estate taxes is to hold the life insurance policy in an irrevocable life insurance trust. That way, it will not be included in the estate of the deceased, and therefore no estate tax will be levied, regardless of who gets the death benefit."

Thanks a lot, now you have me defending her.