Long ago, people realized that there is strength in numbers. For hundreds of years, we have been joining forces against all kinds of calamities — including financial troubles.
The concept of insurance
What Is Universal Life Insurance?
Universal life insurance was developed in the late 1970s to overcome some of the disadvantages associated with term and whole life insurance. As with other types of life insurance, you pay regular pre
What Is Term Life Insurance?
Term life insurance is “pure” insurance. It offers protection only for a specific period of time. If you die within the time period defined in the policy, the insurance company will pay your beneficia
Maximizing Your Insurance Benefits
Understanding the threat of estate taxes on your life insurance proceeds is the first step in protecting these funds from unnecessary taxation. The next steps are determining the appropriate ownership
Do I Need Disability Income Insurance?
Although most of us are aware of the need for health insurance coverage when determining our risk-management needs, many of us fail to consider the possibility that we could become disabled. A disabil
What is Medicare?
Medicare is a health insurance program for people who are age 65 and older, people under age 65 with certain disabilities, or people of any age with end-stage renal disease. Medicare is divided into a
Understanding Long Term Care Insurance
Many Americans do not plan ahead financially for their long term care needs. Others wrongly assume that Medicare, Medicare supplemental policies or standard health insurance policies will cover the co
Caring for Elderly Parents
How to care for elderly parents is a major concern of many families and adult children, but how to ensure good health care, find the right living situation, and handle legal questions is often complic