Articles
Long Term Care Insurance
As with everything in life, the answer to whether or not you need Long-Term Care Insurance is, well, it depends. A better question to ask may be, “Do I want Long-Term Care Insurance?” If you are considering an investment in this asset, it is really important to do your homework.
Full Article >>Key Facts on Term Life Insurance
Term Life Insurance is the most cost effective, and easily processed and approved life insurance product on the market. “Term” refers to a period of time where you are guaranteed to be covered in exchange for the payment of premiums, which are typically in the form of monthly payments to the insurer. However, the younger and healthier you are, and the lower the perceived risk, the easier it is to be approved and the cheaper the product will be.
Full Article >>The Basics of Life Insurance
Whether the policy is called: Permanent, Simple Ordinary, Universal, Whole, Cash Value, or Variable Universal, it is still life insurance. When the policy holder dies the named beneficiary receives a sum of money. The details of how much the beneficiary receives, and under what circumstances are all determined by the language of the original agreement. Life insurance is a contract that, in exchange for premium payments while you live, requires your death to pay a benefit. While this is not an abstract concept, it is probably one of the strangest financial agreements made every day by healthy, admittedly mortal, human beings.
Full Article >>The Pros & Cons of Annuities
Annuities are a staple of any well-rounded investment portfolio, especially later in one’s life. If you have been looking for ways to reduce your risk, and engender a predictable stream of revenue, then you may be interested in learning more about annuities. Annuities are designed to limit your risk, and provide you with a high level of stability. Usually, when you reduce the risk of your investment, you also reduce the amount of potential profit, but with annuities you gain peace of mind. There are so many types of annuities, with so many different terms and conditions, that anyone would be correct in stating that it is somewhat, or [often] even very confusing.
Full Article >>6 Activities of Daily Living
This uncomfortable topic is worth understanding. Of course, we would all rather go about our work, our walks, our fishing and watersports, or whatever floats your boat…but it is so important we become familiar with some of the terminology of age related care, for ourselves and for our families!
Full Article >>Financed-Indexed Universal Life Insurance
Here is a very short, and basic introduction into what has become a valuable component in modern wealth management, wealth retention & wealth creation. This is not an “Ultimate Guide” nor does one probably exist, since plans and products are continuously changing. There are some good things to know, and as always, some good people to involve. The product goes by many long and confusing names, and might include the words "Premium", "Leveraged" or "Hedged". Don't let the lack of a cute name distract you from the very real possibilities, or the potential benefits to you.
Full Article >>Disability Insurance - Key Facts
The often-unsung hero of many wealth management strategies is a comprehensive disability policy. This isn’t well advertised, since most Insurance Agents receive far less commission from selling you one of these policies than they would from some life, long-term care, or other instruments of risk management. However, the benefits are immense and the costs are relatively minor by comparison.
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