Law Office of Cathleen A. Gulledge, LLC, lawyers in Wichita, KS, Kansas

Insurance - Long-Term Disability Income Insurance - Overview

A long-term illness or an injury with a long recuperation period can have devastating effects on one's ability to remain financially independent. One way to guard against this is to secure long-term disability income insurance. This type of insurance provides payments to workers who are unable to work due to serious illnesses or injuries. More...

Housing - Federal Public Housing Programs - 515 Mortgage Guarantees For Low-Income Rural Populations

The United States Rural Housing and Community Development Service, formerly known as the Farmers Home Administration, guarantees mortgages for housing developed for low-income populations in rural areas. Many of the terms of tenant leases are legally set, and eligibility for tenancy is restricted based on applicants' income. More...

OVERVIEW OF ANNUITIES

Although they do not fit within the strict definition of insurance, annuity policies are now widely viewed as a form of insurance. However, the insurance aspect of an annuity basically goes to the fact that the annuitant will receive a guaranteed income payment (usually for the rest of his or her life). Annuities were not regarded as insurance at common law, but commercially issued annuity policies are now largely regulated by state insurance statutes. Some types of annuities such as variable annuities are securities that are regulated by the Securities Exchange Commission. Fixed annuities are not securities and are not regulated as such.More...

Annuity Payout Options

An annuity contract includes provisions for paying out benefits to the annuitant or beneficiary. There are many payout options available. Generally, a portion of each annuity payment is income; thus, federal income tax applies. More...

Housing - Reverse Mortgages - HECM

In an ordinary home equity loan, a homeowner borrows money against the equity in his or her home, making payments to reduce the loan balance after the funds are received. As payments are made, the principal balance of the loan decreases.More...