Universal life insurance is permanent life insurance — that is, it remains in force for your whole life. But universal life insurance has an important difference from other types of permanent insurance: it provides a flexible premium.That means the policyholder decides how much to put in above a set minimum. By extension, the policyholder also […]
Disability and Your Finances The Social Security Disability Insurance program paid out $136.9 billion in benefits in 2012. And with a rush of new applicants lining up each year, the system is expected to exhaust its reserves some time in 2016 if changes aren’t made.1 Rather than depending on a government program to protect their […]
Term vs. Permanent Life Insurance Thirty-nine percent of American households have no life insurance at all, according to LIMRA, which keeps close tabs on the life insurance industry.In the same survey, half of all American households—58 million—stated they needed more life insurance.1 When considering life insurance, one of the most important factors to understand is […]
Keep Your Umbrella Handy In 2013, the U.S. had a record 9.6 million millionaires, up from 9 million in the previous year. An increase in personal wealth may bring greater financial flexibility; it may also bring greater liability. Individuals with high net worth, or those who are perceived to have high net worth, may be […]
According to the most recent information available, Americans had individual life insurance with a total face value of $11.2 trillion.1 Due to a variety of factors, these individuals may find themselves in circumstances where the specific life insurance policy or annuity contract they own does not suit their needs.2 They may want to exchange products […]
We hear over and over again how important it is to maintain a healthy lifestyle. But being healthy for its own sake isn’t easy — especially when you’re facing down temptation or battling procrastination. For some, the monetary benefits of a healthy lifestyle may offer helpful incentive. Being healthy not only makes you feel good, […]
According to The Council for Disability Awareness, a 35-year-old male has a 21% chance of becoming disabled for three months or longer, with the average disability lasting almost seven years.¹ Loss of income for such a duration has the potential to cause significant financial hardship. And while Social Security Disability Insurance may help, it’s critical […]
Perhaps Bette Davis said it best when she observed, “Old age is no place for sissies.” ¹The challenges seniors have met throughout their lives have made them wiser and stronger, preparing them for the unique challenges that come with aging.As we age, the potential for cognitive decline increases, ranging from simple forgetfulness to dementia. Long-term […]
