Medicare and Medicaid: Do They Pay for Long-Term Care?

If you’re planning for retirement, you probably already know that 65 is an important age. That’s when you become eligible for Medicare, the federal health care coverage provider for retirees. It’s a valuable resource that provides health care protection for millions of seniors. Its sister program, Medicaid, provides similar protection for those who have little

Term Insurance: Is It the Right Strategy for You?

Risk is a natural part of life. Unexpected events that threaten your financial stability happen all the time. Some are small, like a car repair. Others may be more serious. For example, you could suffer a serious injury or illness that limits your ability to earn income. The market could take a downturn and threaten

3 Tips to Get a Better Rating on Your New Life Insurance

Life insurance is one of the most important and effective risk management tools at your disposal. If you pass away, your spouse, children, business partners and others could face significant financial challenges. They may miss your income, or they could struggle with debt. Life insurance provides a tax-free lump-sum payment upon your death to help

How Will You Pay for Long-Term Care?

What challenges will you face in retirement? For many seniors, one of the biggest financial obstacles is paying for long-term care. The U.S. Department of Health and Human Services estimates that today’s 65-year-olds have a 70 percent chance of needing long-term care during retirement. Long-term care is usually needed for a few years, and 20

Do You Know How Much Life Insurance You Need?

According to a recent study from InsuranceQuotes, 40 percent of Americans don’t have life insurance. Among those who didn’t have insurance, half said they feel like it’s not necessary.1 Even among those who have insurance, many don’t know if they have the correct amount. Risk management is at the core of any financial plan. There

3 Tips for Making a Smart Long-Term Care Insurance Buying Decision

To insure, or not to insure: That is the question many workers and retirees face as they approach the later years of life. Long-term care is a very real challenge for many retirees. In fact, the U.S. Department of Health and Human Services estimates that 70 percent of retirees will need long-term care at some

Do Empty-Nesters Need Life Insurance?

Many people buy their first life insurance policy when they have children. The birth of a child creates an obvious life insurance need. Your child is dependent on you not only for financial support but also for care and guidance. If you pass away, the child could face substantial challenges, some of which can be

Which Type of Term Life Insurance Is Right for You?

Considering a term life insurance policy to protect your spouse, children and other loved ones? That could be a wise move. Risk management is the cornerstone of any solid financial plan. You can’t focus on achieving your goals until you minimize the risks that could undermine your financial future. There is perhaps no greater financial

What Steps Have You Taken to Prepare for Disability?

Do you think it’s unlikely that you’ll ever suffer a disability? You’re not alone. According to the Council for Disability Awareness, American workers on average think they have only a 2 percent chance of suffering a disability during their career. The truth, though, is that the average worker has a 25 percent chance of missing