Life Insurance

Two FAQs

Two Frequently Asked Questions

Two of the most frequently asked questions when considering life insurance: What financial benefits will be available to survivors after your death What will their needs be?  These are the most common types of benefits: Social security and other retirement-related survivor benefits; life insurance; and other assets and resources.  Having these funds isn’t enough though. …

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do you have too much money in stocks

Do You Have Too Much Money in Stocks?

Recent changes within the stock market have been acting as a warning to certain Americans. Specifically, people who are too old to be investing the amount that they are in the stock market. Many of these people are, unfortunately, likely to dismiss that warning. See, surprisingly, the market actually rose during most of the pandemic. …

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happy retired couple sitting on beach discussing life insurance in retirement

Do You Really Need Life Insurance in Retirement?

Most people understand why you should have life insurance in your working years. People sometimes wonder, however, if you really need life insurance in retirement. People obtain life insurance in their working years, in many cases. They do this, firstly, to protect their household income. If one spouse dies, for example, the goal is to …

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DO BENEFICIARIES PAY TAXES ON LIFE INSURANCE?

Lately, we have been asked about taxes and life insurance. Specifically whether or not beneficiaries of a life insurance policy have to pay income taxes on that money, or whether the estate has to pay taxes on it. The simple answer is, usually, no. However, there can be nuances involved. For example, taxes can depend …

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Insurance needs change when you retire

This week’s article reminds us that “Senior insurance needs are different. Time to drop the disability coverage and review your other plans.” The most obvious insurance retirees need to maintain is health insurance. While most seniors age 65 and older are eligible for Medicare, Medicare doesn’t cover 100% of medical costs.” Knowing this, it is …

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