We all know that a parent who works outside the home and brings in an income to support the family needs life insurance to protect their loved ones in case something were to happen. But just because you don't get a paycheck for what you contribute to the family, it doesn't mean that you don't need life insurance coverage also. Here are 9 reasons why. 1) To replace the value they bring to the family Stay-at-home parents are cooks, tutors, housekeepers, caretakers, chauffers
This is a question that many people ask, but the answer is never the same for everybody. This is because there is no "one-size fits all" solution. What you need is going to be completely different than the person next to you, and so on and so on. Everyone's in a different stage of life, some have kids, some have elderly parents they're caring for, some are business owners, some aren't. Sometimes when talking with a client they say something like "I need $100,000 in life in
Life insurance has played a key role in either the creation or survival of some of the most iconic American institutions that we all know. If it wasn't for life insurance, many of us would have never experienced the magical world that we all loved and grew up to take our own kids to, a man's personal struggles during the Great Depression would have prevented a major store chain from coming into existence, and the golden arches would have served a few hundred thousand people
Life insurance isn’t an option that many people tend to think about as a vehicle for saving for retirement. But it’s an option that should definitely be on the list of things to consider. If you are an employee, there’s a good chance that your employer will give you an option of having a 401(k). But is it the best avenue to take to help you build your savings? Or should you pass? After all, 401(k)’s aren’t as popular as they used to be. So what can life insurance offer t
At nearly 80 million strong, the Baby Boomer generation makes up a massive part of the American population. This group is a big part of our economy, and as they continue to retire over the next decade or so, it could have huge implications on programs such as Social Security and Medicare. With that in mind, check out the following 8 statistics about baby boomers and their impact on our economy – past, present, and future. There are about 77 million baby boomers in the U.S.
Shopping for long term care insurance can be difficult, and confusing. Between policy options, coverage estimates, inflation riders, spousal options, and other additional riders that are available, it can make your head spin. It can be easy to throw up your hands and say you'll deal with it later. But this would be a costly mistake, especially if you've reached your 50's. Many people have heard how expensive long term care insurance is, so they just write it off and assume
Last week we kicked off the conversation about long-term care in our quest to dispel the mystery around what many find to be an intimidating subject. It doesn't have to be so scary, and we're committed to simplifying it for you. Since November is Long-Term Care Awareness month, we're rolling out Part 1 of our month-long series about long-term care. THE BASICS Say the words long-term care and chances are you think "nursing home". The reason so many people have this idea in
One of the biggest perks to having a full-time job with a great company is the benefits that they can offer you. In many cases those benefits include life insurance coverage. This is a great perk, and if they offer it, you should take it. In most cases it's free coverage, and we all like to get something for free right? But a life insurance policy through your employer shouldn't be the only one you have, and let me explain why . . . Life insurance policies offered through