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Understanding Guaranty Associations: What you and Your Clients Need to Know Before Purchasing Insurance Products

POSTED ON - July 24, 2019

Written By Krause Financial Services

An insurance guaranty association is essentially an insurance company for the insurance company. If the insurance company becomes unable to pay their policyholders or claimants, this guaranty association would step in to make sure these […]
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Highlights of the Deficit Reduction Act of 2005

POSTED ON - April 16, 2008

Written By Krause Financial Services

The Deficit Reduction Act of 2005 (“DRA”) was signed into law on February 8, 2006.  It is important to note that all transactions prior to February 8, 2006, will be grandfathered and processed under the […]

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Can Your Clients Afford to Self Insure Their Long-Term Care Costs?

POSTED ON - April 8, 2008

Written By Krause Financial Services

As a result of the Deficit Reduction Act of 2005, with the average nursing home charging $6,000.00 per month for nursing care, all gifts being subject to a 5 year look-back period and a delayed […]

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Managing the Assets of a Special Needs Trust

POSTED ON - March 25, 2008

Written By Krause Financial Services

  The biggest concern facing families who have a child with special needs is how to preserve government benefits for that child, such as Social Security and Medicaid.  This concern can be easily satisfied through […]

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The Top 10 Reasons to Fund Your Funeral In Advance

POSTED ON - March 21, 2008

Written By Krause Financial Services

Why plan ahead for funeral funding? Here are the top 10 reasons:   1. An Exempt Asset The plan may be considered an excluded asset in order to qualify for Medicaid and Supplemental Security Income […]

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Blending VA into Medicaid

POSTED ON - March 14, 2008

Written By Krause Financial Services

  Note:  This blog was written prior to the publication of the Net Worth, Asset Transfers, and Income Exclusions for Needs-Based Benefits rule by the Veterans Affairs Department effective October 18, 2018.  As such, any […]

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