- How to Use Life Insurance to Build Wealth
Most people look at life insurance as a tool for protecting their families. That is, indeed, an important component of life insurance. If you should die, your policy may help your beneficiaries pay their bills, face financial challenges, and possibly… read more…
- How to Borrow Against Your Life Insurance Policy
Life insurance is an important policy to protect your loved ones financially in case of a tragic event. But if your policy has a cash value to it, you can benefit by burrowing from it if the cash value is… read more…
- Can I Buy Life Insurance for My Parents
You may want to buy a life insurance policy covering your parents and naming you as a beneficiary if you expect a significant financial impact from their deaths. Insuring a parent’s life can pay for burial expenses, fund an inheritance,… read more…
- Differences of Medigap vs. Medicare Advantage
Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private firms approved by Medicare. We’ll dive… read more…
- What You Need to Know About Life Insurance
For many people, especially those with spouses and children, buying life insurance can be an important part of being financially responsible and making sure their family is provided for should the worst happen. The first step in determining whether you… read more…
- Do I Need Long-Term Care Insurance?
A 65-year-old person today has nearly a 70% chance of requiring long-term care services at some point, according to the Administration for Community Living (ACL) and the Administration on Aging (AOA). Of that group, 20% will need it for over… read more…
- Do Beneficiaries Pay Taxes on Life Insurance?
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary. So, whether you have a life insurance… read more…
- What Is a Death Benefit?
When someone close to you dies, it can be hard to think about finances but there are several potential financial events that can come at you quickly. One consideration you may want to think about is life insurance. If you’re… read more…
- Can Nursing Homes Take Your Life Insurance From Your Beneficiary?
A lengthy nursing home stay can be expensive, and if you don’t qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your… read more…
- What Is an Insurance Broker?
If you’re shopping for homeowners insurance, auto insurance, life insurance or another type of policy, you’ll probably notice there are a ton of options out there. Narrowing down which insurer and coverage levels are suitable for your situation can be… read more…
- How Long Does It Take Life Insurance to Pay Out?
A life insurance payout timeline can vary from company to company and claim to claim. You can avoid delays or denial by following the appropriate procedures. Let’s break down how long the process typically takes and what you can do to… read more…
- High-Net-Worth Insurance
Insurance is designed to protect you financially in case the worst happens. If you’ve accumulated significant assets, you may consider purchasing a high-net-worth insurance policy to cover your belongings and property. High-net-worth insurance, also known as high-value insurance, is designed… read more…
- Present Value vs. Future Value: Annuities
Annuities can provide you with an additional stream of income in retirement. These insurance contracts allow you to collect payments at a future date in exchange for an upfront premium. In addition to using annuities to fund retirement, you might… read more…
- How Much Does Business Insurance Cost?
Monthly business insurance premiums can be both affordable and expensive. How much business insurance costs will depend on the type of business you own. In fact, there are many factors that go into pricing a business insurance policy. You will… read more…
- What Is Premium Finance for Life Insurance
The average American can get a basic life insurance policy for an inexpensive monthly premium. But high-net-worth individuals insuring expansive estates will likely have to pay thousands of dollars per month to maintain their policy. Over half of all Americans… read more…
- What Does Professional Liability Insurance Cover?
Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of business insurance than general liability insurance and it extends your… read more…
- Vanguard’s 3 Steps to Maximizing Your Medicare Coverage
When it comes to Medicare, understanding your healthcare needs and finding the right coverage are essential. But as you get close to or enter retirement, making decisions about your health can be overwhelming. To make the process a little easier, Vanguard… read more…
- Buying Life Insurance With a Pre-Existing Condition
You want to make sure your family is safe and secure. That’s why you’re researching life insurance. But how do you buy life insurance with pre-existing conditions? What are the best types of life insurance to buy if you have… read more…
- Is Whole Life Insurance a Good Investment?
Building financial security for your family is achievable in numerous ways. For example, you could set up a trust, purchase real estate or create a 529 college fund. However, if you’re looking for a financial vehicle with guaranteed returns and… read more…
- Average Cost of Medicare Supplemental Insurance
When you reach retirement age, Medicare insurance offers basic medical insurance protection for your health needs. However, this coverage is basic and does not cover all of the costs for covered medical services and supplies. Medicare supplemental insurance policies are… read more…
- How Does Force-Placed Insurance Work?
Force-placed insurance is a policy that a lender places on a home or other property securing a loan in order to protect the lender’s interests. The lender selects the policy and coverage details but the borrower has to pay the… read more…
- Who Needs Umbrella Insurance?
Insurance is a complicated topic, but it’s one that everyone needs to understand to properly protect themselves. There are a lot of types of insurance: car insurance, life insurance and homeowners insurance, for example. One insurance product you may have… read more…
- Second-to-Die Insurance Policy Definition
A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a payout to the beneficiaries after the last survivor passes… read more…
- What Is a Unit Linked Insurance Plan (ULIP)?
Almost everyone has at least one of the two ends in mind when they invest money: retirement or taking care of family. While it may appear that you have to address those priorities separately, a ULIP allows you to prepare… read more…
- Comprehensive Loss Underwriting Exchange (CLUE)
Have you ever had questions about past damages to a car or home you’re interested in buying? Or maybe you’ve felt that your auto or home insurance premiums are higher than usual. In both cases, a Comprehensive Loss Underwriting Exchange… read more…