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
FHA Reverse Mortgage
An FHA reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan insured by the United States Federal Government.
After the Great Depression, the United States Congress passe
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
Six Tips Every Homeowner Must Know Before Hiring a Contractor
“I need a new roof installed in my home and am concerned about the horror stories of homeowners being ripped off by shoddy contractors, what is the best way to protect myself?” Jan S. Ann Arbor.  
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
What Is an Annuity?
An annuity is a contract with an insurance company that is funded by the purchaser and designed to generate an income stream in retirement. It is a flexible financial vehicle that can help protect aga
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 Assistive Technology?
Assistive technology is any service or tool that helps the elderly or disabled do the activities they have always done but must now do differently. These tools are also sometimes called “adaptive devi
Face the Facts: Topics to Discuss Now with Your Aging Parents
As we age and live longer, financial, legal, health care and long term care issues affect families, not just individuals. The Eldercare Locator produced this guide to help families “face the facts” ab