A Critical Combo: Life Insurance with Long-Term Care Benefits
An important part of any retirement strategy involves accounting for potential long-term care (LTC) expenses, which can be surprisingly high. The median cost of a private room in a nursing home was $9,733 in 2023, while a full-time home health aide was $6,292 per month.1 If...
The World According to Poppy: Protecting the Work of a Lifetime
“My wife became ill. She wants to stay at home, but she needs 24-hour nursing care. I’m not sure how long we can afford that.” “When mom got sick, it fell on my siblings and me to care for her. My sister helped when she could,...
National Grandparents Day 2024
National Grandparents Day is more than just a special occasion to celebrate these cherished family members who bring wisdom, love, and joy into our lives. It’s also an opportune moment to think about the future, specifically regarding estate planning and how grandparents can effectively pass wealth...
How Life Insurance Can Improve Financial Wellness
Life insurance is traditionally seen as a means to provide financial protection for loved ones in the event of an untimely death. However, it can also play a significant role in enhancing your financial wellness. By integrating Permanent Life Insurance (PLI) and Deferred Income Annuities (DIA)...
Enhancing Retirement Benefits: Innovative Approaches for Life Insurers
Insurance provides vital protection, enhancing retirement benefits and ensuring that your loved ones won’t suffer severe financial strain in the event of an unexpected loss of income, disability, or death. “However, insurance serves more than just protecting dependents in unforeseen circumstances,” advises Joseph Aspelund, Director of...
Designating a Beneficiary for Life Insurance
A beneficiary is the person or entity you name (i.e., designate) to receive the death benefits of a life insurance policy. Some states require that your beneficiary have an insurable interest in your life or be related to you (at least at the time the...
Paying for College: The FAFSA Now Has a ‘Grandparent Loophole
Accessing financial aid is increasingly vital for many American families when financing a college education. The first step for most college-bound students is to complete the Free Application for Federal Student Aid (FAFSA) to unlock various forms of assistance. “As students wait to learn how much...
Life Insurance Day 2024
When it comes to topics that are often avoided, planning for the future after you're gone is one of the most enormous elephants in the room. Though it may not be a pleasant subject, it's crucial for safeguarding your family's financial future. That’s reason enough...
Expecting a Recession? 7 Steps to Help You Power Through
This article discusses seven steps that can help you weather a recession and come out stronger on the other side. ...
Do This One Thing to Protect Your Family When You Die
While contemplating the aftermath of your departure may not be the most appealing thought, ensuring the financial well-being of your loved ones becomes a priority. In such circumstances, the payout from your life insurance policy can be a significant relief, providing a lump sum of...