President Trump campaigned on a promise to repeal Obamacare. That promise died when the Senate was unable to decide on a politically palatable alternative to the popular healthcare program. Presidents nevertheless wield significant executive power. Among his other efforts to change (or perhaps to undermine)
“What should I do, how should I prepare? I’ve got to get out of here in a few minutes. What do I need to take to protect myself on the insurance side”
We’ve all read recent headlines about the use by life insurance companies of Retained Asset Accounts to pay life insurance benefits to beneficiaries. The insurance company sends a “checkbook instead of a check” and the proceeds are held for the beneficiary in a Retained Assets Account. The Retained Assets Account article that caused the headlines quotes Gerry Goldsholle at length on Retained Assets Accounts.
Life insurance policies are purchased to provide security for our families and loved ones. However, if your life insurance claim is denied, you may find yourself unable to cover your daily and long-term expenses, exactly what your loved one had hoped to prevent.