But the consultant does not stop there. He learns that both Tom and Pam's parents lived healthy lives and died in their sleep at ages between 86 and 92. There is NO history of Alzheimer's or any other cognitive diseases or organic diseases. All four parents were active until they simply died of "old age".Interest tax breaks don't end with your home's first mortgage. Did you take advantage of low rates and your real estate's growing value to pull out extra cash through refinancing? Or did you decide instead to get a home equity loan or line of credit? Either way, that interest also is deductible, again within IRS guidelines.The choice of cover you purchase is influenced by your objectives and needs. It also depends on the financial ability of the client. When making a choice, you should compare the advantages of each of the options available. You should consider the benefits that each will bring into your life.term insurance is paying the life insurance while betting that you'll die. You bet $2,000 per year. If you die during that year, you win, say, $1 million dollars. If you don't die, there goes your $2,000.There is a way to avert this time bomb tax, provide long term care for yourself and not take any money out of your budget. There are several ways to skin this cat.The total refinancing cost is made up of points, closing costs, and bank mortgage insurance premiums that you pay when you take out the new loan. The points mentioned are pre-paid fees. Every point amounts to one percent of the amount that you are borrowing. If you plan to stay in the house for a while and can afford it, consider paying more points in the beginning as may get you a better interest rate and save your money in the long run.B. The only mental deterrent that comes up on this suggestion is that there may be remaining surrender charges on the annuity. No problem. Most companies allow you to annuitize. If the annuity pay-out period is at least 10 years, most of them waive any surrender charges.As long as your property is at a 95% loan-to-value ratio, you can avoid your monthly PMI by refinancing and paying a one-time mortgage insurance premium. Often times when refinancing, you will be able to accept a lower rate than you currently pay, and cover the cost of this upfront premium in one transaction.The closing document also shows you pre-paid another $500 to the lender as escrow for the coming year's taxes due next Jan. 1. The $500 you reimbursed the seller at closing is deductible on this year's tax return, but the $500 held in escrow is not deductible until it is paid the next year.This plan has a level death benefit and level premiums for the duration, they never increase or decrease. It is used for short term needs, death benefit usually payable businesstowealth.ca/free-e-book/ - check - in a limp sum or it can be paid in income form.loan calculator, home buyer, current home