Years ago, it seemed as if the only reason to purchase life insurance was simply to make sure loved ones who depend on your income had what they needed financially after you passed away. Products have evolved along with the passage of time. While life insurance may still seem like something you buy primarily for […]
Evolution of Life Insurance Read More »
We frequently receive inquiries from family members of decedent owners of various insurance products where there is a disconnect between their impression of who the owner of the policy wanted to be a beneficiary, and who, in fact, ended up becoming the beneficiary. So, we thought to address that topic briefly in this commentary. While
Most of us think of life insurance as a way to help the people who depend on us financially, or even just to help pay the debts we may have left for our end-of-life care, funeral, or burial costs. What few of us tend to consider is the simple fact that it’s generally best to
Pre or Post-Retirement? Read More »
Life insurance can be complicated. There are several different types of life insurance, and finding the right type for your needs is important. Term life insurance, where coverage expires after a certain number of years, is one type. Permanent insurance, like whole and universal life insurance policies, keep coverage in place no matter how long
Growth for Beneficiaries Read More »
Typically, you put a lot of thought towards paying off loans for insurance, on, for example, your house and car. However, life insurance is just as important as other types, and should be thought of in the same way. Life insurance is often ignored, because we look at it simply as something costing us while
How Are You Looking at It? Read More »
This week’s article may help you to think about why you are purchasing life insurance. There are several different reasons why you would purchase life insurance: Once you understand why you’re purchasing life insurance, that helps you determine how much life insurance you need. Contact us if you need assistance in navigating this and ascertaining
How Much Life Insurance Do I Need? Read More »
“According to the 2022 Insurance Barometer Study, conducted by LIMRA and Life Happens, 106 million adults lack life insurance, or adequate coverage. The need gap, what people have versus what they said they need, is at an all-time high and more than double what it was 12 years ago. The percent of households that say
Two of the most frequently asked questions when considering life insurance: What financial benefits will be available to survivors after your death What will their needs be? These are the most common types of benefits: Social security and other retirement-related survivor benefits; life insurance; and other assets and resources. Having these funds isn’t enough though.
Two Frequently Asked Questions Read More »
A recent study found that “33 percent of people don’t think they would qualify for life insurance.” We hope you aren’t shying away from discussing the topic of life insurance because you think the same way! Purchasing this type of insurance is a big deal, but most likely necessary to make sure your family has
Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to long-term care. This week’s article
Independent Living Read More »