One thing this pandemic has done is flush out poor advisors, as there is no hiding during Covid-19. CPAs, Attorneys, Insurance Advisors, Stockbrokers and Financial Planners should be well-aware of the latest Covid-19 updates, income tax and estate tax rule changes to properly advise their clientele. I have been on many Zoom Panels, Seminars, Workshops, and Podcasts over the last…read more →
There is an old saying, “Ignorance is Bliss!” My new saying during this Covid-19 era is “Ignorance is Super-Expensive!” In my 30-year career, I have never seen more advisor ignorance and malpractice. Keep this in consideration if this is the first you are hearing about this. There have been MAJOR CHANGES in tax deadlines and proposed changes in tax, gifting,…read more →
You don’t need me to tell you that this country is upside down right now. There has never been a more important time to think clearly and adapt to the current situation. With 40 million unemployed and another 10 million not seeking work, many are in a “financial” survival mode. One in three Americans have yet to receive their unemployment…read more →
When people die, it’s not uncommon for their life insurance benefits to remain unclaimed because their beneficiaries didn’t know about the policy. Life insurance companies try to contact beneficiaries however people often move, don’t check their emails and sometimes change their names. Fortunately there are solutions for tracking down policies by using these 6 tips! Search for insurance documents: Look…read more →
Insurance brokers and agents are trusted with fitting their clients into suitable life, health, homeowners & business policies to name a few. There are numerous insurance providers and they are not all the same. It’s important that the broker you choose is well-versed in policy differences from company to company and informed of the latest news, trends, and products. He/she…read more →
Hurricane Sandy did $19b of damage to the city in 2012! Many people (my family included) lost their coastal homes and were shorted 100’s of thousands of dollars from big-name insurance carriers that also raised rates. We were offered $16,000 for shingles on a demolished $2m+ beach house. With 520 miles of coastline, NY has more people living in high-risk…read more →
Many seniors are creatures of habit and are holding onto their large life insurance policies with expensive premiums that they may no longer need or afford. Based on the new Tax Law Reform, 2018 could be the best time to sell their policy. The Estate Tax has been increased: The tax exemption has been raised to $11,200,000 per person, $22,400,000…read more →
You may want to think twice what you tell your doctor on your next visit. Medical records are now online. When you sign a HIPPA (health ins privacy) form to apply for life, disability and/or a long-term care policy the following information is available with a few mouse clicks: On-line medical records: Insurance companies can and will be able to…read more →
By: Robert C. Intelisano CLU, CSA, LUTCF How does it work? Those who don’t understand the true benefits of life insurance premium financing worry this is a tool dependent on interest rates or policy performance. But even when interest rates have been high and markets have been shaky, financially savvy brokers have been closing deals by funding life insurance premiums. Why? Because…read more →
The best pizza in NYC resides outside of Manhattan and can be found in Brooklyn and Queens! The following list represents the best pizza places to do financial and insurance planning. DiFara: in Brooklyn. Best designer pizza and best place to do your estate planning. Dom DeMarco can only make so many pies in a day, folks may not live…read more →
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