Why Life Insurance? Many young adults overlook the importance of life insurance, often dismissing it as an unnecessary expense at an early age. In reality, only about a third of Gen Z and less than half of Millennials have life insurance coverage. This lack of awareness stems from common misconceptions like the belief that it’s […]
Cash Value Life Insurance as an Investment “Cash value life insurance is a good long term investment” “Whole life insurance returns dividends in excess of seven percent” “Indexed universal life lets you accumulate money tax deferred and withdrawal at retirement time tax free” Truth or Hype The downside details that are downplayed, not mentioned, or […]
Long Term Care and Chronic Illness Accelerated Benefit Riders What are these riders designed to do? These riders are designed to provide early access to the death benefit in the event that the insured is chronically ill or has severe cognitive problems. The idea is that the money can help pay for extra care. The […]
Life Insurance as an Asset Life insurance companies have presented some permanent life insurance products as a “tax-advantaged asset class”. Do the ‘tax advantages’ of accumulating cash values outweigh the fees, expenses, and risks? First let’s take a look at the most promoted advantages: tax-deferred growth. tax deferred growth While it may be truthful to […]
If you think you are immortal? I beg to differ and so does the Social Security Administration. See the US Social Security Mortality Table 2013 Based on their table I’ve calculated some odds. Our clocks are always ticking. Male Age Odds you’ll be dead in 20 years Odds you be dead in 30 years 30 4.72% […]
50 million people worldwide are living with Alzheimer’s and other types of dementias. Alzheimer’s is a degenerative brain disease and the most common form of dementia. #LongTermCare #EndALZ Source: Alzheimer’s & Dementia | Alzheimer’s Association
November is LTC Awareness Month making it a good time to have conversations about the impact Alzheimers and other diseases can have on retirement plans. Source: Alzheimer’s Awareness Includes Long-Term Care Awareness | ThinkAdvisor
Source: John Hancock Offers Apple Watch Series 3 to Vitality Life Insurance Customers for Just $25
Those who don’t have life insurance overestimate its cost by more than three times. Life insurance is probably a lot less expensive than you think. There’s a policy for every budget. Source: The True Cost of Life Insurance | Life Happens
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