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NAIFA


Recent posts by NAIFA

1 min read

Investing With a Conscience

By NAIFA on 3/2/21 10:38 AM

Investing while staying true to one’s personal values, including approaches that focus on environmental, social, and governance (ESG) factors, is growing in popularity. While many people want their investments to reflect their personal values, many also question whether they can achieve good financial results with an ESG strategy.

Topics: Financial Planning investing
1 min read

Life Insurance and Education Goals Go Hand in Hand

By NAIFA on 2/22/21 9:52 AM

The thought of financing college for your child can be overwhelming. The cost for a state university is prohibitive for the average family. Private universities' annual costs can rival your salary. Most families with young children probably haven't even begun to consider these costs -- they are too busy putting food on the table and paying for their home. But the early years are a great time to begin planning for future educational expenses.

Topics: Annuities Life Insurance Education College
2 min read

Life Events Impact Your Insurance and Financal Services Needs

By NAIFA on 2/10/21 1:00 PM

Ah, life. It continues whether we are prepared or not. But preparation is key to navigating life events that affect our finances. 

Marriage

Two become one, and that means shared responsibilities and incomes. Let's face it -- life insurance may not be top-of-mind for couples embarking on a lifetime together, but perhaps it should be. If one of you was unable to work, could you afford your mortgage or your day-to-day bills? 

If you start your financial planning early in your marriage, you'll have a better chance for financial success, and you'll increase your future options. 

Topics: Retirement Planning Life Insurance Consumer
1 min read

Three Reasons to Start Planning ASAP for Retirement

By NAIFA on 2/8/21 1:47 PM

Some people forget to plan for the future when they focus on their current situations. While you may think you don't need to worry about retirement yet, you should start planning for it. Doing so can help you in various ways, especially as you put forth effort to plan and start saving for your retirement. Let's talk about the benefits you will enjoy if you start right away on your retirement plan.

Topics: Retirement Planning Financial Security
1 min read

Consumer Resources for LTC Insurance: Agents and the NAIC Buyer’s Guide

By NAIFA on 2/8/21 9:43 AM

A recent Wall Street Journal article (subscription required) by financial columnist Glenn Ruffenach discusses the importance of planning for long-term care and identifies insurance and financial professionals as an important source of guidance for consumers. He says that “your best first step is not to shop for a carrier or policy. Rather, it’s to shop for a knowledgeable, independent agent.”

Topics: Long Term Care Limited & Extended Care Planning Center Financial Security
1 min read

Four Reasons to Consider Permanent Life Insurance

By NAIFA on 2/1/21 4:42 PM

Life insurance is not one-size fits all. Term policies tend to be less expensive and provide crucial protection for many families, but permanent life carries benefits you may not have considered. An insurance and financial advisor, such as a NAIFA member, can help you determine what type of coverage best meets your goals and fits your financial plan.

Premiums Never Change

One of the best benefits of permanent life insurance is that premiums are locked in on the policy's start date. Premiums don't change as long as they are paid, regardless of what might happen to your health as you get older. Buying early and when rates are good can provide a substantial long-term benefit for young people who get permanent life insurance. 

 

Topics: Life Insurance Financial Security
2 min read

Why You Should Consider a Career in Finance

By NAIFA on 1/18/21 10:37 AM

Students are always spoilt for choice when it comes to choosing a career field to explore. However, unknown to many, the finance industry is one of the best career choices that a student can ever make. For starters, the insurance industry alone is expected to have about 400,000 job openings in the next ten years and that is just a piece of the finance industry's cake. Here's why you should consider a career in finance:

Topics: Professional Development finance Future Leaders
1 min read

Top Benefits of Choosing a Career in Financial Services

By NAIFA on 1/14/21 9:00 AM

Many students don't understand what a career in financial services entails leave alone what the term "financial services" means. The finance service industry is an exciting global industry that is constantly advancing and expanding. It comprises various types of businesses involved in managing money, and it plays a significant role in building the economy. Despite upturns and downturns, the industry has a reputable history as a sought-after career destination for bright and ambitious youths. There are so many reasons why students should consider this job sector. Some of them include:

Topics: finance Benefits of a Financial Advisor Future Leaders Higher Education
2 min read

Money Management 101: A Few Basic Concepts

By NAIFA on 1/8/21 11:19 AM

Surveys indicate that many Americans lack basic financial literacy. Yet, simple money-management skills can help prevent a person from getting themselves into financial trouble and help them lead a better life in general. This article covers a few basic money-management concepts. Insurance and financial services professionals, such as a NAIFA members, can give you much more information and help develop strategies to boost financial literacy and get your money management on the right track.

Establishing An Emergency Fund 

The very first thing that anyone should do if they want to insulate themselves from potential financial harm is create an emergency fund. The amount to set aside for emergencies varies based on individual circumstances, but most experts recommend between $500 and $1,000 to get started. For many, that is enough money to help allay an unexpected expense. No matter who you are, a vehicle can break down, an unexpected medical expense can arise, or any number of other unexpected expenses may come about and cause problems for someone who does not have the shelter of an emergency fund. As your finances grow more complex, a larger emergency fund may be appropriate. 

Topics: Life Insurance Financial Literacy Financial Security
2 min read

Your Year-End Financial Checklist

By NAIFA on 12/23/20 11:28 AM

The end of the year -- as if you don't have enough to do with holiday preparations -- is a great time to review your finances. There may be changes to make during insurance open enrollment or before the start of the new year.

Topics: Consumer Financial Security

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