Acacia Life
Short Company Name:
Acacia Life
Long Company Name:
Acacia Life Insurance Company
Company Type:
Insurance Company
Web Site:
Phone Number:
800-444-1889
Fax Number:
301-280-1161
Year Founded:
1869
Glossary:
Estate Planning
Estate planning is a category of professional service that aims to optimize the transfer the net worth from a person who passes away to intended recipients or beneficiaries. The purpose is to maximize the wealth that is passed on to the heirs. Wealth maximization can be achieved by: reducing federal, state and inheritance taxes; minimizing or eliminating probate costs by making clear who gets what and who is in control of distributing assets, and; ensuring that enough money is set aside to pay for the various attorney, court, executor and accounting fees. Estate planning also takes into account donations to charity and the manner in which funds may be distributed to charities.
Why is financial planning important in business?
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What is financial planning?
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Consider Inflation Protected Immediate Annuities for Estate Planning
Financial planning and estate planning have been brutally difficult over the past decade. High levels of market volatility , the possibility of deflation , and now threats of inflation have complicated the financial lives of millions of people. Almost anyone in or nearing retirement is faced with incredibly complex decisions. If, for example, you retired in 2000 yet remained fully invested in the S&P 500 you would have watched well over a third of your retirement nest-egg evaporate. Do you...
Glossary:
Consider a Longevity Annuity to Avoid Worrying About Outliving Your Income in Retirement
A very good, balanced article about the longevity annuity --well worth the read. Consider that the annuity payout for a $50,000 longevity annuity purchased from MetLife by a 60 year old male is $56,106 per year. The payouts begin at age 85 and last for the lifetime of the contract holder . Tax considerations, estate planning and financial planning are discussed in the context of longevity annuities. Source: U.S. News and World Report Full Story
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