February 10, 2015
Both working and stay-at-home moms need protection because what they do for their families is so valuable. While a stay-at-home mom isn’t compensated for her work, if something were to happen to her, it would be expensive to replace all those things she does—from childcare to home care to ensuring the family gets where they need to go when they have to be there.
The difference between the two is that a working mother also contributes an income, which may be critical to the family financially. That means she needs to think about replacing that income when considering how much life insurance coverage she may need.
January 6, 2015
Let’s be realistic. If you have an adequate investment and pension portfolio, if you have made provisions for your health care costs, if you have no one relying on you for financial support, maybe, just maybe you can afford to retire. If not, life insurance is something you may want to consider.
October 7, 2014
If you have people you love and who depend on you, or you have financial obligations to meet, you need life insurance to protect against the “what ifs”—at every stage in life.
Single: You may think you don’t need life insurance, since you have no dependents, but if you owe money, you need it. It ensures that your debts, including student loans, won’t be passed on to your family. Plus, life insurance will never be cheaper than when you’re young and healthy.
Married: As you begin your lives together
August 28, 2014
Here is one way to eliminate those pesky capital gains on mutual funds. Purchase cash value life insurance. The earnings on the cash value of life insurance are tax deferred until you take the cash out, and if you take this as an income stream, the tax can be minimized or even eliminated. Many companies call this type of plan a Supplemental Life Insurance Retirement Plan. This takes some careful planning, but your agent or advisor can set one up and tailor it just for you.
August 13, 2014
People are living longer these day and may be afraid of outliving their money. Even those who are financially secure are worried. One solution is to work a few more years. The work might be full or part time, depending on the individual’s health and interests, but often overlooked in these situations is the need for life insurance beyond the “normal” retirement years.