Insurance

Using Life Insurance to Pay for Long-Term Care and Other Expenses Related to Aging   One of the things I especially like to highlight during Life Insurance Awareness month is the flexibility of life insurance policies. Too few people understand how many different ways a life insurance policy can be …

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 …

When you decide to buy a car, you probably research various models, qualities and safety features. Ultimately, this research helps you understand the terminology used by various car manufacturers and ensures that when you go to buy, you make the right choices.   Buying long-term care insurance (LTCi) is a …

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 …

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, …

When people buy life insurance, they don’t always tell their loved ones they’ve done so. Some keep their lawyers informed, talk about the policy in their will or tell their trustee, but others buy a policy and then forget about it, telling no one. While some survivors are lucky enough …

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 …

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 …

  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 …

[vc_row full_width=”” parallax=”on” parallax_image=”” printtext=”Most Wanted Design Options ignores this CSS settings if used” background_style=”transparent” contentcolorclass=”darkonlight” background_color=”rgba(255,255,255,1)” rowimage=”” mp4=”” webm=”” videoaspectratio=”800:450″ posterimage=”” parfactor=”5″ overlay=”on” overlay_color=”rgba(255,255,255,0.5)” noise=”off” toppadding=”0″ bottompadding=”0″ anchorid=”” anchoroffset=”” hidemobile=”” visiblemobile=”” centermobile=””][vc_column width=”1/1″][vc_video link=”https://www.youtube.com/watch?v=rRbchYy7hQE&feature=youtu.be”][vc_column_text] One of the newest products on the market is a hybrid life insurance policy that …