How Nimble Is Your Retirement Planning?

We all look forward to retirement. However, without forethought our retirement years could fall short of being all that we desire. After all, do you want to have to give up certain things during this valued time in your life because you didn’t plan for it correctly? Here’s something you may not have realized – planning for retirement is much more than just focusing on income. There are many different decisions that have to be considered when thinking about this stage of your life. Don’t you want to make sure you are prepared to live all those years fully without financial and emotional stress? Since we don’t know what circumstances we may be faced with once we enter into retirement, w

Millennials and Life Insurance

Millennials now represent 25% of the U.S. populace, making them our nation’s single largest demographic group. This is a statistic that the life insurance industry cannot ignore. With many millennials already fallen behind in financial planning, it’s time to take a look at how we can work together to bring about more awareness around life insurance. Let’s start small: Education: In a 2015 study from Life Happens and LIMRA found that 60% of millennials prioritize paying for mobile phones, Internet and cable over life insurance. For this generation, education is key to them understanding the value and benefits associated with life insurance. Some financial professionals are hosting think tan

Are You Over-Insured?

Is it possible to be over-insured? The answer - No! Every life insurance company’s underwriting department is designed to make sure the no one is over-insured. One of the ways this is done is by evaluating someone’s Human Life or Economic Life Value. In addition to the insurance industry, other professions use this concept to evaluate the value of someone’s life. Attorneys use it when litigating wrongful death lawsuits and the 911 Commission used this as a basis for distributing funds to victims’ families after 911. So, what is this concept of Human Life or Economic Life Value? Human Life Value or Economic Life Value Concept has evolved over the ages. Some of the first discussions

Surprising Things You Didn't Know About Life Insurance

Did you know that more than 80% of Americans overestimate the cost of life insurance? There is an enormous lack of understanding around the true cost of life insurance. Many people evaluate the cost of insurance in a vacuum rather than taking a look at the bigger picture. Delaying the purchase or not purchasing at all can have a greater impact on your wealth than you might think. Owning this valuable protection can have rippling effects on all aspects of your financial life. Let’s look at some of the benefits: Life Insurance can help you to better enjoy your retirement. After working your entire life to enjoy your retirement, you should be able to spend the money you’ve saved without w

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