By Mitlin Financial
An Irrevocable Life Insurance Trust (ILIT) is a trust used to purchase a life insurance policy or it can be used to accept a gifted policy, one already owned by the grantor of the trust. ILITs are useful because they ensure that the death benefit proceeds of the policy are not included in a …
By Mitlin Financial
(HAUPPAUGE, New York) For many Long Island residents, the devastating effects of Superstorm Sandy will change some of the ways they celebrate this year’s holiday season. Hauppauge-based small business owner Lawrence Sprung of Mitlin Financial has altered his longstanding custom of sen …
By Mitlin Financial
Starting January 1, 2013, noninterest-bearing transaction accounts will no longer be insured separately from a depositors’ other accounts at the same Insured Depository Institution (IDI). Accounts will now be insured on an aggregate level at a maximum of $250,000. For example, if a de …
By Mitlin Financial
Disability insurance is something that needs to be evaluated by all. This type of insurance is often overlooked, but at the same time is a key component to a family’s financial future. According to the Social Security Administration, roughly 30% of today’s 20 year ol …
By Mitlin Financial
Life insurance is a high priority when it comes to financial planning and mapping out someone’s future. The world is full of uncertainty; therefore every person who has others that depend upon him/her for income should consider purchasing a life insurance policy. A large percentage of …
