It’s a tough idea to think about, but it’s likely that you’ll need some assistance with your daily living activities in your later years. The cost of care, whether it be in-home, assisted living, or nursing home care, continues to increase and many retirees aren’t sure how they would be able to afford it if …
Annuities are a financial tool that can be used to create reliable income to supplement Social Security during retirement. When you buy an annuity from an insurance company, you will in return receive monthly payouts, starting now or at a specified point in the future. There are different types and many specific variations when it …
Life insurance is something that very few people -if anyone- can get excited about. Nobody wants to think about how their family will be affected by their death. The thought of choosing and paying for another complex insurance policy doesn’t sound appealing either, especially to the young and healthy. The truth is, life insurance has …
If you are young and single with no dependents, you probably may not need to think about life insurance right now. One exception would be if you don’t have enough saved to pay for your funeral expenses and you want to prevent your family from having to bear that burden. However, as your life changes, …
Life insurance is an essential consideration for anyone whose income supports someone else. There are a variety of types of life insurance policies, and the distinctions can be a bit confusing. Fixed indexed universal life insurance (FIUL) is a popular type of permanent life insurance that includes a savings element. This policy has the potential …
We insure many of the most important things in our lives; our cars, our homes, our health care, and more. Insuring your life (and the income that you provide to your family) only makes sense. However, this is a type of insurance that some people don’t like to think about. Regardless of your age and …
What Type of Life Insurance Policy Is Right For You? Read More »
Is there an optimal age or stage of life to purchase a life insurance policy? Life insurance policies are priced based on the buyer’s age. The older you are when you purchase the policy, the more expensive it will be. So, if premium amount were the only consideration, then the best age to purchase a …