With the right life insurance coverage, you can be confident knowing that your loved ones will be able to live out their dreams, no matter what the future holds. Benefits The basic advantage all life insurance policies provide is a death benefit that replaces income in the instance of your death. This is important, as many households cannot financially sustain …
What is an Annuity? An annuity is a financial product that can be used to accumulate cash value on a tax-deferred basis. Annuities can be a great tool for individuals to secure retirement income or to convert existing assets into a stream of income. There are four main changes everyone faces in retirement—longer life expectancies, taxes, inflation, and market volatility—and …
The good news? People are living longer. The bad news? This means in addition to needing more savings for retirement, individuals also face a higher likelihood of developing a long-term care condition. According to the Department of Health and Human Services, two out of three people will eventually require nursing, home health, or assisted living care, whether temporarily or permanently. …
The Social Security Administration estimates that more than a quarter of all 20-year-olds will become disabled before reaching retirement age.[1] What would happen to your finances if you got badly hurt or were not going to recover from a long-term illness? Disability insurance is designed to protect you from income loss when a covered condition prevents you from working. If …
Commercial Insurance protects businesses from financial losses resulting from risks specific to their operations and environments. It encompasses various types of coverage tailored to business needs. Coverage Options General Liability InsuranceSafeguard your business from the unexpected. General liability coverage helps with legal fees, medical expenses, and damages related to accidents, injuries, or negligence claims. Property Insurance / Business Owners Policy …
Personal property insurance coverage can help protect the items you keep in your home, like furniture, electronics and kitchen appliances. But even your smaller everyday belongings are probably worth more than you think. If they’re damaged or lost in a fire or theft, this type of insurance can help you cover the cost of replacement. In some cases, it can …
Critical Illness insurance products can be purchased on an individual basis or through a plan offered by an employer. These specialized policies or riders – often provided in addition to or with a standard insurance policy – provide a lump-sum, tax-free payment should a policyholder develop certain severe health conditions, such as: Because critical illnesses typically incur greater-than-average medical expenses, …
Broadly speaking, estate planning is the process of structuring your assets to provide maximum efficiency when transferring to heirs at minimum expense and effort. Without a properly shaped estate plan, your financial wishes may not be fulfilled and your beneficiaries could be needlessly burdened—both emotionally and financially. Although the basics of estate planning are sometimes as simple as designating beneficiaries …
One of the most imperative decisions you can make in regards to your retirement is when to start receiving your Social Security benefit. There are pros and cons to delaying your benefit, as well as receiving it as soon as you become eligible – at age 62. We can help you navigate this process by showing you precisely what to …
What is Retirement Planning? In broad terms, retirement planning is the saving and allocation of finances for the purpose of retirement and financial independence. Although the underlying principle of retirement—save and invest early—is rather simple, the mechanics of retirement planning can be complicated. This is because the shape of retirement has significantly changed over the years and individuals are now …
