Last month the White House decided to get into the business of giving financial advice. The White House’s “Middle Class Task Force” recommended that Americans, many of whom are in a terrible financial bind, begin investing in immediate annuities.
With the volatility of the stock market, the crash of the real estate market, and the staggering [...]
The economics of life insurance relate to human life value, which in turn pertains to human capital. Human capital is a person’s income potential over their lifetime as well as additional factors such as fringe benefits, monthly expenses, and savings growth rate. The human life value concept is the primary reason for insurance and the [...]
If you’re like many Americans, your plans for retirement include not retiring – at least not for a few more years. Sun Life Financial recently released what it calls its “Unretirement Index,” which found that 65% of working Americans not expect to be working at least one year longer than they had previously planned. That [...]
It’s a new year, and that’s the time when many people make resolutions to change their lives for the better in the coming months. Many of the changes you might be considering can also be ways to save money on your life insurance. Of course, there are the usual ways that most people would think [...]
With tuition costs rising dramatically over the past 20 years, it’s no wonder that financially savvy parents have started saving more money more quickly, just to make sure there’s enough to put the kids through college when the time comes. And 529 college savings plans have been promoted as the number one way to set [...]
We’re all familiar with the difficulties facing our country and fellow Americans due to the current economic downturn. But did you know that according to a recent survey, one in four Americans say that at least one member of their family has lost health insurance coverage in the last year? Those were the findings of [...]
Aristotle once wrote that “happiness is the highest good” because it’s the only thing that we don’t pursue for the sake of something else. Think about it. Why do we work hard? We may love our work, but for most people, work is about making money. And having money is about being secure, and being [...]
It depends on what the medical condition is. Your opportunity to obtain additional life insurance later in life will depend primarily on your health. A life insurance company will also consider your age, occupation, whether or not you smoke, any dangerous hobbies, and the amount of insurance you want. If you’re healthy, the life insurance [...]
Single people with no children often don’t need life insurance because no one is relying on their income. But there are some reasons why you might need life insurance if you’re single.
If you died, who would pay for your funeral? Even a simple ceremony could be costly. If you don’t have life insurance, someone else [...]
Estate planning allows you or anyone to implement certain tools now to ensure that your concerns and goals are fulfilled after you die. Your objective may be to simply make sure that your loved ones are provided for. Or you may have more complex goals, such as avoiding probate or reducing those dreaded estate taxes.
Estate [...]
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