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
For the first time ever, more people have life insurance coverage through their employer (108 million), than individually owned policies (102 million). Your first reaction to that might be "is that a bad thing? Coverage is coverage right?" Wrong. What you want is more individually owned policies than group life insurance coverage. This is for many reasons, but today we're going to focus on 4 of those reasons, most of which you likely don't realize about the life insuranc
A beneficiary is an individual, institution, trustee, or estate which receives or may become eligible to receive benefits under a will or insurance policy, retirement plan, trust, annuity or other type of contract. The entire point of naming a beneficiary is to ensure that your assets go where you want them to when you die. So whether you want to leave the proceeds from your life insurance policy to your family, surviving spouse, charity, or a trust, or you're wanting to ens
Every year, the government (the USDA to be exact) publishes how much it costs to raise a child to the age of 18. The numbers are shocking! It is an amount that most families would have a hard time coming up with if things suddenly changed in their life. But even more so, if something were to happen to you that would take you, as well as your paycheck away from your family, how would your children be taken care of? Enter life insurance. For a small premium, you can ensure
Are you one of the millions of Americans who owns a permanent life insurance policy, or are thinking about getting one? You’ve probably done it primarily to protect your family and their future. But over time, many of those financial obligations may have ended. This is a great time to step back and reassess what your goals are moving forward and look at what you can do with this powerhouse tool to make your retirement more secure and enjoyable. There are 3 unique ways that
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
You’ve worked hard your entire life to create a lifestyle, and build an estate. Over the years you’ve made tough choices, done without at times for the benefit of the long-term goal. Your retirement is the much-deserved portion of your life where you get to enjoy the fruits of your labor. We all have dreams and goals for our lives. But there is a very real, very serious threat out there just lurking in the future that threatens all of your best laid plans. But there’s goo
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
When I was a teenager, my father and I were in the kitchen one day when he told me that him and my mother were purchasing long term care insurance. In my young, oblivious mind, I asked my dad “why are you buying that? You have four kids who could take care of you or pay for things if something ever happened to you guys.” My dad’s response was “Because it’s not your responsibility. Mom and I can make sure we’re taken care of so you kids don’t have to worry about anything.
Time's have changed and women are redefining their roles at work and at home with more options than ever before. Women are achieving unprecedented levels of work-life balance and financial independence, and from a fellow woman, it's about time! But there's one glaring piece that is missing in many financial plans. When thinking about what we need to do to protect ourselves financially, there are certain things that immediately come to mind that we all think of like health,
When you are a small business owner, your family members aren't the only people depending on you. You have employees, partners, and all of their families that would be significantly affected if something should happen to you. Not to mention that the company that you have worked so hard to build could be destroyed. In a nut shell, that's the short explanation of why a small business owner needs life insurance. But there's a lot more to know, so let's go over the main points.
No one likes being denied . . . whether it's in your social life, for a line of credit, or when applying for a life insurance policy. While we can't help you strengthen your dating game, we can show you the next steps to take if you get denied for a life insurance policy. First and foremost it's important to point out that we can't stress enough the importance of working with an agent from the beginning. Especially if you have a more complicated case. An experienced agent
Skeptical about the importance of life insurance? Or have you made some assumptions about it? Most people put off buying life insurance for various reasons, whether they understand exactly why or not. Take a look at the top 6 reasons people don't buy life insurance, and see if any of it sounds familiar . . . REASON #1 : It's Too Expensive Most people make the assumption that they can't afford life insurance, or they think that it's more expensive than it really is. With
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