FG Life Insights

Fidelity & Guaranty Life Featured on KCWI

Posted by marketing communications on Thu, Jul 24, 2014 @ 10:30 AM

Good Day KCWI!

Paul Tyler, Senior Vice President, Strategy and Business Development made a visit to Des Moines-based KCWI television station today. The subject of the discussion was how to help your elderly best manage their finances in their later years. Almost everyone has a personal story to share on the topic. Check out what he had to say about starting that pretty difficult - and sometimes awkward - conversation with parents in the video below.

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Topics: Life Insurance, Fidelity & Guaranty Life, Aging, Retirement Planning

How Do I Talk to My Aging Parents About Their Finances

Posted by marketing communications on Thu, Jul 17, 2014 @ 09:30 AM

We’ve decided that we do need to talk to our parents about aging. But how do we even begin to talk to them about aging and their finances? You’re very lucky if you have the type of relationship with your parents that you can just jump right in there! Most of us though may feel that we need to tread very lightly around conversations about finances and caregiving. Family discussions about money are never easy. 

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Topics: Aging, Financial Planning, Retirement Planning, Difficult Conversations, Financial Freedom

When You Should Talk to Your Parents About Aging

Posted by marketing communications on Tue, Jul 15, 2014 @ 09:30 AM

We’ve already determined that we should talk to our parents about aging.  We want to know what their wishes are and we want to be able to help.  Parents and loved ones need to know that you’re not just being nosey.  You’re asking the questions about their finances and caregiving wishes because you want what’s best for them.But when should you talk to your parents about aging?  It may seem like it’s never a good time, and you may think about putting it off. 

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Topics: Aging, Financial Planning, Retirement Planning, Difficult Conversations

Why You Should Talk to Your Parents About Aging

Posted by marketing communications on Thu, Jul 10, 2014 @ 09:30 AM

Your cousin’s father, Uncle Joe was a spry guy who lived life to the fullest, so everyone thought he’d live forever! His wife had unfortunately passed away a few years before, but he was adjusting to life on his own: still driving, playing cards and enjoying hanging out with his friends and family. No one thought that it was time to have the critical conversation with him about aging. 

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Topics: Retirement, Aging, Financial Planning, Retirement Planning

Jump Into Retirement

Posted by marketing communications on Tue, Jul 08, 2014 @ 09:30 AM

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Topics: Retirement, Retirement Planning

Fixed Indexed Universal Life (FIUL): Worth Another Look for College

Posted by marketing communications on Thu, Jul 03, 2014 @ 09:30 AM

Everyone says that purchasing a life insurance policy is a good idea. If something were to happen to you, your family would be financially stable. They’d be able to pay off the mortgage, the car and any other financial obligations.

But did you know that in addition to providing a death benefit, you can also take a loan against your fixed indexed universal life or FIUL? Taking a loan against your FIUL makes sense when you look at this scenario:

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Topics: fixed indexed universal life

Things to Consider Before Dropping Your Insurance Policy

Posted by marketing communications on Tue, Jun 17, 2014 @ 09:30 AM

If you are thinking about dropping a life insurance policy, here are some things you should consider: 

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Topics: Life Insurance

What is the Right Kind of Life Insurance?

Posted by marketing communications on Thu, Jun 12, 2014 @ 09:30 AM

All policies are not the same. Some give coverage for your lifetime and others cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others let you change from one kind of insurance to another. Some policies may offer other benefits while you are still living.  Your choice should be based on your needs and what you can afford.

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Topics: Life Insurance

How Much Life Insurance Do You Need?

Posted by marketing communications on Tue, Jun 10, 2014 @ 09:30 AM

Here are some questions to ask yourself: 

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Topics: Life Insurance

What About the Tax Treatments of Annuities?

Posted by marketing communications on Thu, Jun 05, 2014 @ 09:30 AM

Under current federal law, annuities receive special tax treatment.  Income tax on annuities is deferred, which means you aren’t taxed on the interest your money earns while it stays in the annuity.  Tax-deferred accumulation isn’t the same as tax-free accumulation. An advantage of tax deferral is that the tax bracket you’re in when you receive annuity income payments may be lower than the one you’re in during the accumulation period. You’ll also be earning interest on the amount you would have paid in taxes during the accumulation period. Most states’ tax laws on annuities follow the federal law.

Part of the payments you receive from an annuity will be considered as a return of the premium you’ve paid. You won’t have to pay taxes on that part.  Another part of the payments is considered interest you’ve earned.  You must pay taxes on the part that is considered interest when you withdraw the money.  You may also have to pay a 10% tax penalty if you withdraw the accumulation before age 59 ½. The Internal Revenue Code also has rules about distributions after the death of a contract holder.

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"FGL" when used herein refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York and, in New York only, Fidelity & Guaranty Life Insurance Company of New York. Each Fidelity & Guaranty Life Company is soley responsible for its contractual commitments. Fidelity & Guaranty Life Insurance Company, Des Moines, IA.