Many retirement expenses are straightforward, especially when you work with an advisor who helps guide you, or if you make it your business or hobby to study finances and retirement. One example of straightforward retirement expenses: On average, retirees can expect housing to represent about one-third of retirement expenses; health care, 10 to 15 percent;[…]
When you think of disability insurance, do you think about insurance that covers disability due to a relatively severe accident? Many people do. What about the chance of a disability happening to you? You are a careful person and you have a desk job. No need for disability insurance, right? Well, the preceding scenarios make[…]
Could Medical Errors Be No. 3 Cause of Death? By Maggie Fox and Lauren Dunn Medical mistakes — from surgical disasters to accidental drug overdoses — are the No. 3 cause of death in the U.S., behind cancer and heart disease, two experts argued Wednesday. They said a careful count of all deaths from preventable[…]
The Own-Occupation period is the foundation on all Principal policies. You always want to match the occupation period with your benefit period. The definition of the Own-Occupation period is: “You must be unable to perform the substantial and material duties of your occupation and not working.” This is the definition on all policies and, in essence, protects[…]
Uses of Life Insurance Life insurance is present in almost every estate plan and serves as a source of support, education-expense coverage and liquidity to pay death taxes, pay expenses, fund business buy-sell agreements and sometimes to fund retirement plans. For small estates, the amount of applicable exclusion ($2 million per person per estate), death[…]