Life Insurance from Your Employer Usually Isn’t Enough

2 Aug

Life insurance from your employer is a valued benefit for millions of American workers. Employer life insurance is a form of group life insurance that’s offered to you and your coworkers. It’s typically a set dollar amount at smaller companies and a multiple of your salary at larger companies. The multiple is commonly one to three times your current salary. More>>

How to Build Wealth and More with Permanent Life Insurance

26 Jul

Many people know how term life insurance works. But they often don’t know how permanent insurance works. To refresh, term life insurance provides protection for a specific period of time. Permanent life insurance offers a death benefit with lifelong protection. Additionally, it offers you the ability to accumulate cash value on a tax-deferred basis. It’s money that’s there for you whenever you need it, for whatever you need it for. More>>

10 Reasons to Think About Increasing Life Insurance Coverage

19 Jul

The only constant in life is change. Your life today probably looks a lot different than it did a decade ago. At that time, you may have been in college, moving out of your parents’ house to live on your own. Now, you’re a parent yourself, welcoming a new life into the world. Just as we change over time, so do our needs for life insurance. More>>

Life Insurance Isn’t a Waiting Game

12 Jul

Americans can no longer make excuses for why they haven’t purchased life insurance. According to the 2021 Insurance Barometer Study, those who are uninsured appear to want more convenience in the life insurance process, citing that they haven’t been approached about it (46%), it isn’t offered through their employer (42%), and they haven’t gotten around to it (62%) as reasons they don’t have coverage. But a silver lining to the COVID-19 pandemic is that obtaining life insurance has never been simpler. More>>

Life Insurance: A Key Piece of Protection for LGBTQ Families

5 Jul

If you’re LGBTQ, you may be fully exploring what it means to be able to build your life around who you love. Strong legal protections in the last 15 years have ushered in more than just external changes. According to MassMutual financial advisor Mindi Wernick with Lee, Nolan & Koroghlian in New York City, these protections have provided validity and certainty, creating an important psychological shift. “Now that gay couples are seen in the eyes of the law as equal, they can build their lives around who they love,” she says. “They’re joining finances, and doing more traditional things, like buying life insurance.” More>>

Why Both Partners Need Coverage

28 Jun

If you Google it, the average stay-at-home parent is worth about $110,000 a year, depending on what article you read. In my practice, we talk a lot about buying insurance on a stay-at-home parent to protect the other parent’s career. If something happens to him or her, I always ask, “Do you want to have a choice to work or stay home? Insurance gives you a choice. Imagine if something happens to the stay-at-home parent and you’re trying to build your career.” More>>

LGBTQ Retirement Guide

23 Jun

More than 3 million LGBT Americans are currently over 50, and that number is estimated to more than double over the next decade as Baby Boomers ride in on a rainbow-hued silver wave.

For many like Miller, the traditional idea of retirement looks increasingly uncertain—and quite different from their heterosexual peers’, even in an era of antiretroviral cocktails, marriage equality and enshrined protection from employment discrimination.

We’ll cover the issues those in the LGBTQ community most often encounter when preparing for retirement here—and how you can tackle them. More>>

Five Reasons Why Americans Buy Annuities

21 Jun

A smart way to help protect your retirement portfolio is to be diversified. This gives you opportunities in retirement to take income from assets not affected by market fluctuations, protecting your overall retirement investments. And that’s one of the many benefits of diversifying your retirement portfolio with fixed annuity products. More>>

Five Financial Planning Tips for LGBTQ+ Couples

14 Jun

June is Pride month. Here are some tips on planning for your future.

Sometimes the hardest commitment couples make is to join their finances. After all, money matters encompass a host of sensitive personal issues including values, goals and priorities, which is why it’s vital to be on the same page as your partner.

Many LGBTQ+ couples find themselves with an even more complex web as they navigate finances unique to their situation. More>>

16 Commonly Misunderstood Insurance Words

7 Jun

Underwriting, premiums, contestability period—terms like these can make insurance words seem like a foreign language.

Fortunately, a good insurance professional can help you make sense of it all. So can the definitions below. We explained them in recognition of Financial Literacy Month. Read on to understand some commonly misunderstood insurance words. More>>