When planning for retirement, one’s personal finances and the choices that are being made today will have a significant impact on the relative level of comfort available upon retirement. Making informed decisions about savings, health insurance and life insurance can have a dramatic impact. The following tips can help you to begin planning for the…
The irony of life insurance is that the benefit is realized at the death of the policy holder. It is really “death insurance” but that would be a hard idea to sell. Today, the world of insurance has expanded to also provide benefits while the policy holders are alive – a living benefit. Living benefit…
Life insurance is the unselfish benefit. Those that purchase life insurance may not benefit from it. It’s the beneficiaries that really benefit from life insurance. Life insurance is one of the few assets that transfers to beneficiaries completely tax free. As a result, insurance can be a great tool in the estate planning process. When…
So you’ve got disability insurance at work right? If you become disabled, you’re going to get a new paycheque while you’re disabled…right? It may not be quite that simple. Here’s some points you should consider about your existing or prospective disability insurance policies: What’s your monthly benefit? You could have 2/3′s of income. Or 50%…
In many cases, the best way to determine if you need life insurance in retirement is to apply the golden rule “Only buy insurance if you need it.” If you don’t need it, then get rid of it. But use caution before you cancel your life insurance policies Before you cancel life insurance make sure…
It may sound like an easy question to tackle but it may be more complicated than you think. The biggest problem with life insurance is that it involves emotion which is not always the best way to make important decisions. It’s not easy to look into the future and envision a life that has not…
