Retirement - Insurance Software development

Individual Retirement Account (IRA) in insurance

Author - Webner
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4:49 am
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0 Comments
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The Individual Retirement Accounts ( IRA’s ) are tax-advantaged accounts that individuals can establish to accumulate funds for retirement. It is depending on the types of IRAs, contributions may be made on a pre-tax or post-tax basis and investment earnings are either tax-deferred or tax-free.

In other words, we can say that:

An individual retirement account is a tax benefitted tool through which individuals can reserve their funds for retirement savings But its major drawback is that it imposed a penalty when an individual withdraws before the age of 59 ½.

There are different […]

Understanding Employee / Group Benefits Insurance Policies

Author - Harinder Jakhar
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12:26 pm
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Employee / Group Benefits

A group health plan/insurance policy bought by an employer or by an employee organization (such as a union), or both, for its employees or participants or their dependents, is called as employee/group benefits policy.

Some of the important terms are as follows:

1) Fiduciary
A fiduciary is a person who owns a plan, means he will take care of plans so that if there is any type of loss then it should be minimal. In layman’s term, he/she can […]

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