As you go through life, you’re likely to have many financial goals: saving for retirement, paying for your child’s education or wedding, or having enough for emergencies. And for each of these goals, you probably rely on a specific financial product to help reach it.
5 min read
How Whole Life Insurance Can Help With Multiple Financial Goals
Topics: Life Insurance & Annuities Planning in Advance Insurance
5 min read
Life Insurance in Your Retirement Planning
Once the kids move out and the house is paid off, it may seem like you don’t really have a need for life insurance anymore—after all, some of the main things you would want a death benefit for are now behind you (phew!). But as you approach retirement, life insurance—specifically permanent life insurance—can still fulfill many different roles in your financial plan.
Topics: Retirement Planning Life Insurance & Annuities Financial Planning Planning in Advance Retirement Insurance
2 min read
How Much Life Insurance Do You Need?
Whether you have a family, own property, or want to leave a legacy for your loved ones, life insurance is an essential part of any sound financial plan. Read on to learn how to determine how much coverage you need.
Topics: Life Insurance & Annuities Insurance
6 min read
Americans Average Retirement Savings by Age, and What They Think They’ll Need
Americans think they’ll need $1.27 million dollars for retirement. They report having less than $90,000 on average in retirement savings. Those are the results of the 2023 Northwestern Mutual Planning & Progress study.
Topics: Retirement Planning Life Insurance & Annuities Retirement
2 min read
A Guide to Life Insurance for Military Families
To help members of the military better understand their life insurance needs, the National Association of Insurance Commissioners (NAIC) offers these tips and considerations.
Topics: Life Insurance & Annuities
4 min read
Life Insurance for Small Business Owners
For the over 500,000 entrepreneurs in the United States who begin their own businesses every month, making informed decisions regarding insurance can determine whether their first year is a success or failure. Regardless of the number of employees, whether products or services are being sold, or whether the business is operated from a home or a separate location, small business owners must take into account insurance considerations that differ significantly from those of individual consumers.
Topics: Life Insurance & Annuities Group & Employee Benefits Small Business Insurance
4 min read
What Are the Types of Life Insurance?
All life insurance policies have one thing in common – they're designed to pay money to the "named beneficiaries" when you die. The beneficiaries can be one or more individuals or even an organization. In most cases, policies are purchased by the person whose life is insured, but life insurance policies can be taken out by spouses or anyone who is able to prove they have an insurable interest in the person.
Topics: Life Insurance & Annuities Insurance
4 min read
Everything You Need to Know About Annuities
Annuities are a financial contract with an insurance company that make a series of income payments to you at regular intervals in return for a premium and premiums previously paid. The value in an annuity contract is the amount in premiums you have paid, minus any applicable charges, plus any interest your premiums have earned. There are two types of annuity products: deferred annuities and fixed deferred annuities.
Topics: Life Insurance & Annuities
3 min read
Which Is Better, an Annuity or an IRA?
“Should I buy an annuity with my 401(k) or roll my 401(k) into an IRA?” Many people struggle with the annuity vs. an IRA question as they approach retirement.
Before we delve into the pros and cons, it’s important to understand the nature of each type of retirement plan. Below are brief descriptions.
Topics: Retirement Planning Life Insurance & Annuities Financial Planning Planning in Advance Retirement Retirement Plans
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.
