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Long-Term Care Insurance Premiums

Long-term care insurance is nothing short of valuable—but it can also be a hefty expense for retirees with no income. There are ways to design your policy so that you can save some money on the premium costs; however, you must be careful not to cut your benefits so much …

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Long-Term Care Awareness Month

It’s not fun to think about, but there could come a time in your life when you need help with some of the regular activities of daily living. This includes actions such as eating, dressing, bathing and using the bathroom. Your need could be caused by any number of conditions, …

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What to Know Before Selling Your Life Policy

While it’s not as popular an option as it was in the 1980s, selling a life insurance policy through a life settlement (or, for the terminally ill, a viatical settlement) is still an option explored by many seniors in need of some funds to help pay for medical and living …

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The Benefits and Drawbacks of Guaranteed Life Policies

The Benefits and Drawbacks of Guaranteed Life Policies   Some of the products advertised to the senior audience are extremely helpful in enhancing their lives throughout retirement. Other products, however, offer little real value and make a lot of promises that are simply untrue. One of the products often advertised …

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Life Insurance Awareness Month

September is Life Insurance Awareness month and at The Retirement Institute, that means we spend a few weeks deeply focusing on life insurance and how it impacts both pre- and postretirement seniors.   Why Life Insurance Matters to Seniors   Many seniors are concerned about the legacy they’ll leave behind …

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Should You Borrow from Life Insurance?

  One of the benefits of having a whole or permanent life insurance policy during retirement is that it allows for tax-free loans from the accumulated cash values. These cash value reserves can provide an essential source of postretirement income for lifestyle maintenance, emergency expenses and major purchases. But it’s …

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