Do You Need Life Insurance in Retirement?
Do you need life insurance in retirement, or is it just a bill left over from a decision you made thirty years ago? That question lands on my desk almost every spring, usually within a few weeks of someone’s last mortgage payment clearing. I had a version of this conversation again not long ago. The […]
Tired of Paying Your Life Insurance? Your 3 Practical Options
The Short Answer: What Does It Mean to Keep, Surrender, or Replace a Life Insurance Policy? Keep means continuing to pay premiums — or restructuring the policy (lower death benefit, paid-up status) so it survives without the same payment. Surrender means telling the insurance company you’re done. They close the contract and cut you a […]
Term Life Insurance vs Whole Life Insurance: Which is Better For YOU?
Let me start by telling you something you need to know. I sell life insurance. I am also really good at managing and investing other people’s money, for which I charge a fee to do ( A capped fee if you have less than $2M, so you have more money for yourself and to allocate […]
Seeing Through the Haze: Uncovering the True Cost of Owning Long-Term Care Insurance
The Challenges of Planning for Long-Term Care As we age, we may face new challenges, such as declining health and the need for long-term care services. This can be a difficult and overwhelming time for individuals and their families, as the emotional and financial cost of long-term care can be incredibly high. Long-term care insurance […]
A Deeper Dive Into Understanding Activities of Daily Living
The 7 ADLs Activities of Daily Living (ADLs) are the basic self-care tasks an individual needs to perform daily to live independently. The medical and Insurance fields name 6, sometimes 7, ADLs to determine whether a person is self-sufficient. These ADL’s include: Transferring – The ability to move from one position to another and walk […]
When should you buy long term care insurance?
All You Need To Know About Long-Term Care Insurance There is no question that healthcare costs are skyrocketing (along with the cost of everything else…), but the cost of long-term care is accelerating even faster. Imagine if you were forced to spend more in a month to be taken care of (or have someone you […]
What is Long-Term Care Planning?
So, something has you wondering about long-term care. I understand. Who does not know someone who has lost their ability to remain 100% independent and then struggle to pay for certain services so they can preserve their assets and keep their dignity? You hope that it doesn’t happen to you but you realize it might… […]