It’s Long-Term Care Insurance Awareness Month. Stop! Before you come to the rash conclusion that “It’s nursing home insurance for old people. I don’t need that!” please just spend two minutes with this video. (And know that 80% of people who need care get it in their home!). Plus we have “tweetable” facts about long-term care and long-term care insurance.
If you’re 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 loved ones. But over time, many of your financial obligations may have ended. That’s when your policy can take on a new life—as a powerful tool to make your retirement more secure and enjoyable.
Permanent life insurance can open up options for you in retirement in three unique ways:
We asked some top advisors what their advice is for being financially fit. Here’s what they shared with us. How many of these can you tick off?
It’s about the flow. Watch your cash flow and live within your means—that’s the starting point. Once that’s under control, plan for the future, including what if something happens to you.
If you have it, it’s most likely not enough. Most employer-provided life insurance coverage is one to three times your salary. So if you make $50,000, having up to $150,000 of life insurance sounds like a lot, right? But if you try to put that money to work in today’s interest rate environment, you’ll soon find out it doesn’t go very far. And if your family needs to spend $50,000 each year, what are they going to do after the third year?
It’s Life Insurance Awareness Month and what better way to celebrate than gathering Twitter friends and experts to talk about financial fitness and life insurance! We spent an hour today (Tuesday, Sept 12) moderating a very lively and insightful conversation. Here are some great highlights from #LIAM17Chats.