Remove Government Remove Life Insurance Remove Pension
article thumbnail

Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

401(k) 244
article thumbnail

Make the Most of Free Money

Money Talk

Common sources are businesses, individuals, and the government. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g., Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. Meanwhile, its health and wellbeing scheme includes health cash plans, life insurance, personal accident insurance, cancer cover, sick pay insurance, and medical and dentistry cover.

article thumbnail

What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

Pension 59
article thumbnail

SumUp ensures it offers an age-inclusive benefits package

Employee Benefits

Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff. Globally, it offers sabbaticals after three years at the firm, known as Break4Me.

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

Health insurance 2. Pension or retirement savings plan 3. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Disability insurance Looking at these results, it’s clear that financial security is a major driver of employee benefit choices.

article thumbnail

Beyond Legal Documents: Planning Strategies for a “Good Ending”

Money Talk

. ¨ Beneficiary Designations List - It is wise to regularly review the beneficiaries and personal representatives listed in your financial and legal documents such as tax-deferred retirement savings plans, life insurance policies, and wills. Social Security, pension plan, final employer, credit cards) and things to do (e.g.,