Realizing that a parent or loved one needs long-term care can be a tough pill to swallow. It can be hard to watch as a once healthy and active person can no longer manage simple tasks on his or her own. It can be even tougher to have the long-term care conversation with your loved one. After all, who wants to be told that she is no longer capable of caring for herself?
6 min read
What to Know About the Different Types of Long-Term Care
Topics: Long-Term Care Long-Term Care Insurance Insurance
3 min read
Retained Death Benefits: What Are They and Why Are They So Important?
Life insurance can be a financial lifeline for your family should something happen to you, but it also comes with a financial responsibility that can be challenging to keep up with. There is a way to reduce the cost of paying for a life insurance policy while still ensuring security for your loved ones. Retained death benefits, a form of life settlement payout, gives the policy owner the option to retain a portion of the death benefit for their beneficiary while removing the burden of policy premiums. You can even elect to receive a combination of cash and coverage with no future premium obligations.
Topics: Life Insurance & Annuities Insurance
6 min read
Understanding Uninsured and Underinsured Auto Insurance
If you’re in an accident and you aren’t at fault, generally the damages are the other driver’s responsibility. But what happens when that person doesn’t have insurance? Even though it’s the law, many people still drive without insurance or without enough insurance to cover the damages. As much as 13% of drivers are uninsured.
6 min read
How to Choose an Auto Insurance Deductible
You need car insurance – it’s the law, but as long as you have the minimum coverage required in your state, the rest of the decisions are up to you, including the amount of your deductible.
Knowing how to choose your deductible is important. It’s the amount of money you must pay if you file a claim. It’s not an optional payment, so knowing how to choose yours wisely is important.
2 min read
Why You Should Consider Investing in Life Insurance
Do you ever worry about what will happen if something happens to you? Not the fear that grips you when you are alone in your home at night, but the stress and anxiety associated with trying to provide for your family, pay off debt, or maintain your lifestyle. This is where investing in life insurance can have various benefits.
Topics: Life Insurance & Annuities Financial Planning Tax Savings Financial Literacy Insurance
2 min read
Life Insurance Is Key to Financial Security
New research by LIMRA and Life Happens shows two significant trends: life insurance is key to financial security and gender gaps extend to life insurance coverage.
Financial Security with Life Insurance
Financial insecurity affects all age groups, but one thing is clear: having life insurance increases Americans' feeling of financial security. 68% of life insurance owners feel financially secure compared with 47% of non-owners, and those who feel most secure have coverage both through their employer and a separate individual policy. The study also showed that the COVID-19 pandemic had increased awareness of the need for life insurance, with 31% of those surveyed saying they are more likely to buy life insurance in 2022.
Topics: Life Insurance & Annuities Research Trends Research/Trends Insurance
6 min read
How Your Risk of Financial Exploitation Increases as You Age
You know that you can expect to be at an increased risk of health issues as you age. However, what you might not realize is that aging puts you at a greater risk of another issue: financial exploitation.
In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate of the problem because, according to the report, “many older adults are unaware or unwilling to report exploitation.”