Being a financial planner, I have talked to thousands of people about money, so I know the financial world can be confusing. People struggle to make smart decisions because there are so many different opinions on what they should do; they have a hard time filtering through the noise to pick the right direction. When …
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The Challenges of Planning for Long-Term Care As we age, we may face new challenges, such as declining health and the need for long-term care services. This can be a difficult and overwhelming time for individuals and their families, as the emotional and financial cost of long-term care can be incredibly high. Long-term care insurance …
The 7 ADLs Activities of Daily Living (ADLs) are the basic self-care tasks an individual needs to perform daily to live independently. The medical and Insurance fields name 6, sometimes 7, ADLs to determine whether a person is self-sufficient. These ADL’s include: Transferring – The ability to move from one position to another and walk …
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https://youtu.be/JSaZtAjU4d8 Annuities are a popular yet controversial investment choice for anyone seeking income from their money. They are a contract between an annuity owner and an insurance company in which the owner pays a lump sum or a series of payments over time in exchange for guaranteed future income. These payments can last for a …
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Life insurance is an important protection consideration for individuals of any age. It provides financial protection for loved ones in the event of the unexpected and can help to alleviate the burden of debt, funeral expenses, and, most importantly, loss of income. However, many young adults are hesitant to buy life insurance because of the …
When it comes to buying term life insurance, there was once only one way to do it: by visiting a life insurance agent or broker. This traditional method of purchasing term life insurance was often time-consuming and cumbersome, requiring multiple visits to the agent’s office and a lot of paperwork. However, with the advent of …
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Table of Contents Should Doctors or High-Income Professionals Buy Whole Life Insurance? Well, the correct answer from a financial planning perspective is – IT DEPENDS! Because I am a financial planner, I can’t give you a definite answer whether you should or shouldn’t buy whole life. The real question to ask is: Does owning whole …
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All You Need To Know About Long-Term Care Insurance There is no question that healthcare costs are skyrocketing (along with the cost of everything else…), but the cost of long-term care is accelerating even faster. Imagine if you were forced to spend more in a month to be taken care of (or have someone you …
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So, something has you wondering about long-term care. I understand. Who does not know someone who has lost their ability to remain 100% independent and then struggle to pay for certain services so they can preserve their assets and keep their dignity? You hope that it doesn’t happen to you but you realize it might… …
Licensed insurance agents, out to sell more life insurance, are promoting both the Bank on Yourself and Infinite Banking concepts to explain how people can bypass banks and become their own source of money by properly structuring a traditional whole life policy. The idea behind Infinite Banking and the Bank on Yourself concept is that a person …
