Thursday, July 29, 2010

Estate Planning

Have you talked to your estate or tax attorney about how ownership of your term life insurance coverage may affect your estate tax liability? If not, it may be an important conversation to have. There may be estate-planning advantages to assigning ownership to another individual or trust. As with all estate planning matters, discuss these options with your tax professional before proceeding.

Wednesday, July 21, 2010

Your Trusted Source

You can feel secure knowing the company behind ABE-Sponsored Group Term Life Plans is New York Life Insurance Company. Last week New York Life announced they were again affirmed by all four of the major ratings agencies to have the highest possible ratings for financial strength with stable outlooks. New York Life remains one of only three life insurers with the highest financial strength ratings from all four of the major rating agencies, out of more than 1,000 life insurers in the United States. Congratulations, New York Life!

Friday, July 16, 2010

Visit Us at the Annual Meeting: August 5-7!

Are you attending the ABA Annual Meeting in San Francisco? It’s just a few short weeks away, and we are hoping to see all of you in person! This year we have created a special game for you to play, called “Where’s Abe?” Text 44144 to register to play, then you’ll get a text once the meeting starts to help find Abe! Those that complete the game, or visit us at our booth at the expo (#417), will get a chance to win a new iPad, iTouch or one of several iTunes gift cards! See you there! (If you haven’t registered for the meeting yet, do so here).

The Prize Details: No purchase necessary to enter. Purchase of any ABE-sponsored product will not improve an entrant’s chances of winning. To enter the drawing, an ABA Lawyer Member is required to complete in full the ABE mobile game and return it to the ABE by submitting the online form. All eligible entries must be submitted by August 14, 2010. Winners will be chosen by random drawing to be held no later than September 1, 2010. Winners will be notified by email on or about September 1, 2010. ABA and ABE employees are excluded from entering. Limit: One prize per person. Estimated odds of winning a prize depends on the number of entrants. Prizes are non-transferable. Cash will not be provided in lieu of the prizes awarded. Only current ABA Lawyer Members are eligible for drawing. Any individual ABA Lawyer Member may prohibit the mailing of all sweepstakes offers issued by the ABE to that individual by calling the ABE Insurance Department at 800-621-8981. ABE is not responsible for lost, delayed, or misdirected e-mail.

Thursday, July 8, 2010

Health Reform is Your Opportunity to Be Informed

With the recent passage of national healthcare legislation, many changes are on the horizon, including changes to Medicare. ABE-sponsored Excess Major Medical Insurance Plan II provides coverage in the event of a catastrophic accident or illness. It supplements your base medical coverage, including Medicare, with up to an additional $2 million in coverage. As we wait to learn more about any changes to Medicare, we encourage you to consider adding or maintaining ABE-sponsored Excess Major Medical insurance as a safety net against a potential catastrophic accident or illness.

Thursday, July 1, 2010

Mid-Year Cleaning

Now is a great time for a mid-year review of your important personal financial documents, including a look at your various insurance plans and any beneficiary designations for these plans. As part of your beneficiary review, think about your life insurance beneficiaries. If you desire to leave a lasting legacy in the legal field, you may want to consider the ABE’s Legal Legacy Fund, the American Bar Foundation or the ABA Fund for Justice and Education as a beneficiary for all or part of your life insurance. It’s a way to ensure your professional legacy lives on and perpetuates the good works you support!