Ah, to be a millennial. So young, so invincible … until you’re not. Regardless of your current vigor and vitality, it’s important to consider the possibility that you might not always be able to work. If you rely on working to pay the bills, to eat, and to just generally survive, you need to think about[…]
If your loved ones will suffer financially when you die, you are in need of a life insurance policy to help support your family after your death. Having a life insurance policy can help protect your family when they may need it most, but what happens if you are declined for life insurance? Even though it’s not[…]
As most of us are (painfully) aware, our genes have quite a lot to do with how we develop and function in this life. We are predisposed to certain traits because of our genetic makeup. Genetics and disabilities are also inextricably linked, though the relationship between the two is exceedingly complex. The rise of genetic[…]
Falling in love changes everything in your life, including insurance needs. That is especially true for couples who eventually marry. Once two hearts become one, insurance can help smooth out the bumps that inevitably arise in a couple’s life together. For example, coverage can help protect the couple’s most valuable asset, the ability to earn[…]
1. What does a life insurance trust do? Irrevocable life insurance trusts give you more control over your insurance policies and the money that is paid from them. It also lets you reduce or even eliminate estate taxes, so more of your estate can go to your loved ones. 2. What are estate taxes? Estate[…]
Taking time to prepare now means less stress later. It’s never too early to start estate planning, and if you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life’s unexpected twists and turns. The following tips, aimed at[…]
Estate planning rarely gets the attention it should get. Saving for your children’s education, purchasing a second home, deciding when and how to retire — these are all topics that people talk about with their friends and their financial advisers. But deciding what happens to whatever is left of your money when you die is[…]
As we have pointed out numerous times at Council for Disability Awareness, your ability to earn income is your most valuable asset. We tend to insure our property, but overlook the source that makes it possible to maintain our lifestyle—the ability to earn income. But what about disability insurance for the self-employed? Could it be[…]
It’s easy to confuse long-term disability insurance with long-term care insurance. But who can blame you? These types of insurance sound much like synonyms or the work of a practical joker with a PhD in linguistics. Nonetheless, these two insurance plans serve very different purposes in helping you manage financial risks. Long-term Disability Insurance Long-term[…]
Wow. It’s awfully quiet around here. We did it honey—they have left the house and have solid futures. And that breeze coming in the window right now. You don’t think that breeze is all our tax deductions flying out the window do you? Maybe we need to investigate potential tax deductions. Yes. Your children[…]