Allsure Insurance

Texas Life Insurance Strategies

Posted on April 19, 2012 by banderson

Why might the wealthy be directing more money into this middle-class bedrock?

For generations, American citizens have thought of life insurance as a midlife acquisition of the middle class. Today, that perception is less correct.

Wealthier Americans seem to be purchasing more life insurance. These individuals are recognizing what it may help to accomplish for their families and their corporations. They see the twofold taxation benefit offered by full life and universal life policies – the death benefit goes untaxed, and the policy has a chance to accumulate money value thru a tax-deferred savings or investment account.

As tax levels may rise before the end of the decade, money value life insurance may seem increasingly fascinating to those in the top tax brackets.

Here is some recent history to mull over:

1. In 2007, a striking 55% of tax free investment gains universal life and whole life policies belonged to the wealthiest 10% of U.S. Families. In reality 22% of these assets belonged to the wealthiest 1% of American families. (That information comes from the Fed.)

In that same year, the life insurance industry research group LIMRA conducted a survey for the Wall Street Journal. It found that policies for $2 million and more made up almost 40% of the face price of entire life and universal life policies sold that year. In 1997, large policies made up just 10% of the life assurance market; in 1987, they made up 1% of it.

Prudential Financial Inc. Announces 31% of its life assurance policy sales in 2009 were made to homes with investable assets of more than $250,000. In 1999, that demographic accounted for just 19% of its life insurance polices in force.1

When you consider that households with changed gross incomes above $250,000 face a 0.9% income tax increase and a new 3.8% investment tax in 2013, you have one more factor that may make a contribution to the trend.2

An option to think about. Here in Texas, plenty of my clients see life insurance as an alternative investment in the current day’s market uncertainity. Whether you live in Austin, Dallas, Houston, San Antonio, or any of our great Texas towns, you may want to consider a life insurance policy as a resource to pay estate taxes or aid a buy-sell agreement with your company. This strategy may have merit as a complement to your retirement method particularly given the volatility of the stock market and the possibility of higher earnings taxes in the following couple of years.

Regards,

S. Brett Anderson

Allsure Insurance Advisors

Toll Free: (800) 373-8781

www.allsureinsurance.com

Citations.

1 http://online.wsj.com/article/SB10001424052748703435104575421411449555240.html

2 http://online.wsj.com/article/SB10001424052748703890904575297351898565426.html.

S. Brett Anderson

Allsure Insurance Agency

http://www.allsureinsurance.com

Reasonable Life Insurance for Texas Home Business Owners and Families.

Allsure Insurance Agency is a nationwide broker concentrating on Life, Health, and Annuites for smaller businesses, people, and famlies. We believe its our job to supply up to date information not only for our clients , but for the people in Texas that are looking for cheaper choices for a life insurance policy. . You can follow us on our blog page at http://www.allsureinsurance.com/blog/or you may visit our website athttp://www.allsureinsurance.com

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Texas Life Insurance

Posted on January 25, 2012 by banderson

Why get a life insurance policy if you live in Texas?

Its simple. There no other better investment for your folk than a tax free life insurance policy. In Texas, folks that purchase a plan for the following reasons:

1. Purchasing a home.

2. Sending you kids to college.

3. Starting up a business.

4. Estate planning.

5. Leaving a tax free benefit for your surviving family

How do I find the best life insurance policy at an inexpensive rate?

I’m aware That I am being biased but being life insurance broker with over 30 A rated life insurance carriers to choose between, I suspect I have the money tools available for highest rated carrier and the minimum price. We review each client as an individual and then identify which company is the best fit.

How do I determine how much life insurance do I actually need?

The simpliest approach will be to take your annual salary and multiple that by 7-10 times your revenues. Example, if you earn $50,000 each year, you would need a life insurance policy benefit of $350,000 to $500,000. We review each case individually to pinpoint the right life assurance benefit amount so you can sleep at night knowing you are protected.

Should I buy a Term life policy or should I purchase a Permanant Life Insurance policy?

We think that 95% of Americans should purchase a Term Life Policy. A Term Life policy is the least dear compared with a Permanant Policy (Whole Life/Universal Life) and most term life policies supply a conversion to a complete life and/or universal life if you need to increase your life insurance policy period. This usually occurs when the insured is nearing the expiration period of their term life insurance policy and either they have become uninsurable due to medical issues. An advantage of the conversion is that you are going to not have to retake your medical exam but your rates will increase due to your age.

I would like to review my life insurance rates but I’d like to go to a website that offers free quotes without caring about multiple agents calling me!

We at Allsure Insurance utterly understand!! That explains why our quote engine is personal and we are not lead generation or advertising company. In reality all that you need to do is enter your state, date of birth, benefit amount you want, and the term period, Instantly you will see all of the smoker and non smoker rates. If you interested in applying, then you would press our “application request” tab, enter your private info, and then we’ll contact you. Its that easy.

If you are interested in researching your life insurance, you can go to our website: http://www.allsureinsurance.com and press our life insurance tab to kick off the process of shielding your family and business.

S. Brett Anderson

Allsure Insuranc e Agency/www.allsureinsurance.com

Reasonable Life Insurance for Texas Home Business Owners and Families.

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Update for Healthy Texas Plans for Small Business Owners

Posted on July 26, 2011 by banderson

Effective July 26, 2011, United Health Care announced that each member who earns less than $32,670 and who enrolls in a Healthy Texas plan may be eligible for an additional $100 reduction in their monthly premium. This is a great way to help these folks get affordable insurance through their Healthy Texas plans.. United Health Care states that they have a limited number of members they can support on a First come basis.

S. Brett Anderson, Allsure Insurance

Website: http://www.allsureinsurance.com

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Texas Health Insurance for Small Businesses

Posted on April 19, 2011 by banderson

A new private/public health insurance product has been designed for small businesses and their employees in Texas, The Healthy Texas Plan! This partnership will allow uninsured small employers (Uninsured the past 12 months) to access quality health plans at an affordable price. Healthy Texas plans are provided by private carriers.

Enrollees in Healthy Texas choose from private health plans that have been approved by TDI. In accordance with the requirements of the Healthy Texas program set forth in Chapter 1508 of the Texas Insurance Code, TDI is currently contracted with Celtic Insurance Company and United Healthcare to be participating health plans in the Healthy Texas program.

What are the Plan Features?

Two plan designs choices ($500 or $1,500 calander year deductible)
$25 Copayment for Office Visits (most physician office services)
100% coverage for Preventive Care
80% CoInsurance for inpatient (hospitalization) and outpatient surgery
Network only benefits that could save you out-of-pocket expenses
Prescription Drug coverage included $10/$25/$50 ($200 or $500 annual deductible applies)
Optional coverage available (Dental, Vision, Life)

How does my small business qualify for the The Healthy Plan of Texas?

Employer must be located in Texas and must qualify as a small business with 2-50 eligible employees
Employer must not have provided a qualified small group health insurance policy 12 months prior to HealthyTexas application
60% of eligible employees must enroll
At least 30% of your employees annual wages must be at or below 300% of the federal poverty level ($32,670 in 2011)
Employer must pay at least 50% of the premium costs for employees and must offer dependent coverage
Each eligible employee must be a citizen of the United States or is an alien that is in our country legally

If you would like to inquire about a brochure, please feel free to contact me anytime at (800) 373-8781 or by email: banderson@allsureinsurance.com

Regards,

S. Brett Anderson

Allsure Insurance Agency / www.allsureinsurance.com

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Health Insurance Changes effective September 23, 2010

Posted on September 21, 2010 by banderson

After Congress passed the Patient Protection and Affordable Care Act last March, one of mandates will take effect this September 23, 2010.

The new changes to health care include:

1. Coverage cannot be denied to children with pre-existing conditions. Health insurance companies can no longer deny coverage for children age 19 and younger with serious medical conditions. However, be prepared for increases in your monthly premium.

2. Extending the age limit of young adults. Young adults are now able to remain on their family’s health insurance plan up to age 26 as long as they do not have coverage through their employer.

3. Free coverage for preventative care. This entails that insurance companies cannot include charges for deductibles, office visit co-pays, or co-insurance for services such as: immunizations, mammograms, colonoscopies, and other basic preventative screening.

4. Insurance Companies rescinding coverage is now illegal. If a policyholder became sick while their policy was in force, insurance companies would search for errors and/or technical mistakes on the policyholders application to use a pretext to deny coverage.

5. No more Lifetime and Annual dollar limits. Insurance companies can no longer enforce maximum lifetime and annual benefit dollar amounts.

6. External review included on appeals on coverage. Policyholders can now appeal coverage decisions or claims through their insurer and through an independent external reviewer.

If you are concerned and would like to discuss your options regarding your health coverage, please feel free to contact me at (800) 373-8781.

Regards,

S. Brett Anderson, President

Allsure Insurance Agency

Email: banderson@allsureinsurance.com

Website: http://www.allsureinsurance.com

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