- How an Adjustable Life Insurance Policy Works
Life insurance can supply financial protection for your loved ones in case of your untimely passing. Many different types of life insurance exist, most of which call for policyholders to pay unvarying premiums in exchange for set coverage amounts. Adjustable life insurance, also known as universal life insurance, offers more flexibility. The policyholder can change… read more…
- Why Life Insurance Is Not a Scam and How It Can Help You
Life insurance is a financial tool that can offer cash value, peace of mind and a legacy for your loved ones. However, navigating the world of life insurance can be daunting, with its myriad policies, terms and options. Life insurance may not be worth it if you have no dependents, a tight budget or other… read more…
- Health Insurance Options for High-Net-Worth Individuals
In the intricate world of healthcare and insurance, high-net-worth individuals often face unique challenges and opportunities. Their healthcare needs, lifestyle and financial situation necessitate a different approach to insurance, one that is tailored to their specific circumstances. Whether you have a high net worth or not, a financial advisor can help you manage risk and… read more…
- Guide to Universal Life Insurance: Benefits, Drawbacks and Costs
Just as investments can be an integral part of your financial plan, so too can life insurance. Universal life insurance, in particular, offers a unique blend of insurance coverage and investment opportunities. However, before determining if it’s the right fit for you, you should understand the benefits, drawbacks and costs of universal life insurance. To… read more…
- Understanding Life Insurance Dividends
Unlocking the potential of your whole life insurance policy goes beyond your interest rate – it’s about leveraging the power of dividends. These payouts provide policyholders with additional benefits and financial opportunities. Life insurance dividends are payments you can receive as cash, use to reduce premiums, earn interest or buy more coverage. Here are the… read more…
- Can You Use Life Insurance for College Savings?
A life insurance policy can provide your loved ones with a death benefit should something happen to you. Permanent life insurance can also accumulate a cash value that you can withdraw or borrow while you’re still living. For example, you… read more…
- When to Buy Long-Term Care Insurance
If you were ever to become disabled or suffer a chronic illness or age-related debility that requires you to pay for help feeding and dressing yourself or similar assistance for an extended period, long-term care insurance could be a valuable… read more…
- What Disqualifies You From Long-Term Care Insurance?
From assistance with daily activities to medical support, long-term care insurance is designed to provide financial protection when you face chronic illness, disability or cognitive impairment. However, pre-existing conditions, advanced age, health issues and disabilities can disqualify you from getting… read more…
- Indexed Universal Life (IUL) vs. Variable Universal Life (VUL)
A universal life insurance policy can accumulate cash value in addition to providing a death benefit. There are two basic types of universal life insurance policies you should know about. With indexed universal life insurance, the cash value can increase… read more…
- Dental Savings Plan vs. Insurance: Pros and Cons
Health insurance doesn’t cover your teeth. Your teeth can cause pain, get infected and need treatment, just like any other part of the body. But when it comes to actually getting treatment the standard health insurance doesn’t cover it. Instead, you… read more…
- What Medicare Assignment Is and How It Impacts You
If a doctor or other healthcare provider accepts a Medicare assignment for a particular service, a patient covered by Medicare will likely have to pay less out of pocket for that service. Accepting Medicare assignment means the healthcare provider has… read more…
- Does a 401(k) Withdrawal Impact SSDI?
If you receive Social Security Disability Insurance (SSDI) payments, you might be wondering if you can supplement them with some money from your retirement accounts, such as a 401(k). While withdrawing from your retirement funds won’t usually impact your disability… read more…
- Does Medicaid Pay for Home Care?
Medicaid is a program is designed to assist families with limited income and resources. Medicaid covers various medical services, including hospitalization, doctor’s visits and nursing home care. It may also cover home care services, but it depends on the state… read more…
- What Is Hybrid Long-Term Care Insurance?
Life insurance is designed to provide a death benefit for your loved ones if you pass away. Long-term care insurance, meanwhile, can help pay for long-term care expenses while you’re still living. Having both types of insurance coverage could make… read more…
- How to Use Life Insurance to Build Wealth
Most people look at life insurance as a tool for protecting their families. That is, indeed, an important component of life insurance. If you should die, your policy may help your beneficiaries pay their bills, face financial challenges, and possibly… read more…
- How to Borrow Against Your Life Insurance Policy
Life insurance is an important policy to protect your loved ones financially in case of a tragic event. But if your policy has a cash value to it, you can benefit by burrowing from it if the cash value is… read more…
- Can I Buy Life Insurance for My Parents
You may want to buy a life insurance policy covering your parents and naming you as a beneficiary if you expect a significant financial impact from their deaths. Insuring a parent’s life can pay for burial expenses, fund an inheritance,… read more…
- Differences of Medigap vs. Medicare Advantage
Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private firms approved by Medicare. We’ll dive… read more…
- What You Need to Know About Life Insurance
For many people, especially those with spouses and children, buying life insurance can be an important part of being financially responsible and making sure their family is provided for should the worst happen. The first step in determining whether you… read more…
- Do I Need Long-Term Care Insurance?
A 65-year-old person today has nearly a 70% chance of requiring long-term care services at some point, according to the Administration for Community Living (ACL) and the Administration on Aging (AOA). Of that group, 20% will need it for over… read more…
- Do Beneficiaries Pay Taxes on Life Insurance?
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary. So, whether you have a life insurance… read more…
- What Is a Death Benefit?
When someone close to you dies, it can be hard to think about finances but there are several potential financial events that can come at you quickly. One consideration you may want to think about is life insurance. If you’re… read more…
- Can Nursing Homes Take Your Life Insurance From Your Beneficiary?
A lengthy nursing home stay can be expensive, and if you don’t qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your… read more…
- What Is an Insurance Broker?
If you’re shopping for homeowners insurance, auto insurance, life insurance or another type of policy, you’ll probably notice there are a ton of options out there. Narrowing down which insurer and coverage levels are suitable for your situation can be… read more…
- How Long Does It Take Life Insurance to Pay Out?
A life insurance payout timeline can vary from company to company and claim to claim. You can avoid delays or denial by following the appropriate procedures. Let’s break down how long the process typically takes and what you can do to… read more…