Premium Financing is the lending of funds to a person or company to cover the cost of an insurance premium. Premium financing is mainly devoted to financing life insurance which differs from property and casualty insurance.
A tax-free retirement account or TFRA is a type of long-term investment plan that's designed to help minimize taxes on retirement income. A TFRA retirement account is not a qualified plan so it doesn't follow the same rules as a 401(k). But it can offer both tax benefits and risk protection for investors.
For anyone who feels they are drowning in debt, a debt elimination program is an excellent way to work at paying off debts responsibly. A well-managed debt elimination program can help you protect your credit score, avoid bankruptcy and pay off your debts within several years.
A "captive insurer" is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits.
Legacy planning is a financial strategy that prepares people to bequeath their assets to a loved one or next of kin after death. These affairs are usually planned and organized by a financial advisor.
In plain words Charitable Giving can be defined as an act of giving money, time or some goods to unlucky or inopportune people, directly or through a worthy cause like a charitable trust. The idea of such giving is generated from the virtues of charity where you give something to the needy people to help in their survival. People facing poverty like orphans, widows, injured and ailing helpless elders are considered as the genuine recipients of such charity giving.
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