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 financial support
- Using life insurance to fund a trust upon death
- Date posted: August 13th, 2010 4:04 PM
- The term “trust fund” might elicit an image of a spoiled rich kid living off their parent’s money.
In reality, many parents use the proceeds from a life insurance policy to set up trust funds that provide financial payments to their children and limit their ability to spend all of the money at once.
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- Category: Articles Library, Life Insurance, Videos
- Tags: children, disabilities, estate bills, estate tax, financial planning, financial support, heirs, life insurance, McGill's Life Insurance, The Hartford, trust fund
- Things to think about when planning for cash to meet daily needs
- Date posted: August 10th, 2010 2:02 PM
- If you or another income-earning family member died today, what would your family’s financial situation be like? It’s not a pleasant subject to think about, but the knowledge that there are funds to help cover your family’s daily needs and costs provide a small comfort.
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- Category: Articles Library, Life Insurance, Videos
- Tags: cash value, daily living expenses, death benefits, emergency funds, families, financial support, income, inflation, life insurance, lifestyle, McGill's Life Insurance, needs
- How much will your dependents need?
- Date posted: August 10th, 2010 12:12 PM
- Not only can cash from a life insurance policy help settle present financial matters, it can also ensure that your family’s dependents are taken care of down the road. Children are the most in need of financial support that can stretch from a few years to a lifetime. Additionally, you or your spouse may need funds during the grieving process before returning to employment.
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- Category: Articles Library, Life Insurance, Videos
- Tags: children, dependents, families, financial planning, financial support, life insurance, McGill's Life Insurance, retirement, special needs trust, The Hartford, trust fund
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