Disability Insurance Myths Disability insurance is a type of insurance that will replace income if you can no longer work due to disability. However, there are some common myths surrounding disability insurance. In this article, we will bust seven disability insurance myths. 1. It is Only for People with Dangerous Jobs While it is [...]
10 Life Insurance Myths Life insurance is a common financial planning tool. But it can be misunderstood. In this article, we will bust 10 life insurance myths. 1. You Only Need Life Insurance When You’re Older Many have the misconception that you do not need life insurance until later in life. But younger people [...]
Picking the Right Payout Option for Your Annuity Picking the right payout option for your annuity is vital for the success of your retirement. You have 3 different options you can choose from. These include the annuitization method, systematic withdrawal schedule, and a lump sum payment. In this article, we will go over these [...]
Misconceptions About Long Term Care Insurance Long term care insurance is a type of insurance that can cover home health care, assisted living, and nursing homes. But there are some misconceptions about long term care insurance. In this article, we will clear up some of these misconceptions. 1. I am Covered by Health Insurance [...]
Using Life Insurance as an Investment Life insurance is typically used as a tool to care for your loved ones after you pass. But you can also use life insurance as an investment during your lifetime. You can only utilize whole life and universal life insurance as an investment. This is because they have [...]
Deferred Annuity A deferred annuity is a contract you make with an insurance company. In exchange for paying over a sum the insurance company promises to pay you regular income payments at a future date. This is opposed to an immediate annuity which begins payments on the spot. In this article, we will go [...]
Universal Verses Variable Universal Life Insurance Universal life insurance and variable universal life insurance are both types of permanent life insurance. In this article, we will compare universal verses variable universal life insurance so you can decide what is best for you. Universal Life Insurance Basics With universal life insurance you are able to [...]
8 Types of Long Term Care Facilities We are living longer lives, but this increases the need of long term care for most adults later in life. According to the Administration for Community Living, adults that are 65 now have a 70% chance of needing long term care. Of these 20% will need care [...]
Fixed Annuities and Retirement As retirement draws closer, having sources of guaranteed income becomes vital. A fixed annuity can prove to be a steady income stream that supplements other retirement resources. In this article, we will go over the basics of how fixed annuities work, and how you can incorporate one into your retirement [...]
Common Disability Insurance Terms Disability insurance is a type of insurance that will help to replace part of your income in the case you become disabled and unable to work. In this article, we will go over common disability insurance terms that you should be familiar with before purchasing a policy. Extent of Disability [...]
