It is that time of year again... The time in which we reflect on what this past year has brought to us, what it has taught us, and a time to look back on all of the things we are grateful for.
The demands of taking care of a loved one with declining health may start out small, and care may be easy at first, but as the needs become greater, tensions and resentment may grow when it comes to issues such as communication, money and time.
What do you do if you suddenly find yourself in a difficult situation where family members find themseles at an impasse when it comes to how to care for a loved one?
We have some tips to help you try to prevent issues such as this happening within your family below:
An active shooter situation, a scenario that is quickly becoming our worst nightmare. With two active shooting events happening on the same day just this week it is raising awareness that incidents like this are becoming more commonplace. There has been little to no warning before many of these events have occurred, and a majority of victims are just simply in the wrong place at the wrong time.
From the time our children or grandchildren are born, we only want the best for them. When we give ourselves time to daydream about their futures, what does that look like beyond first words and steps? Beyond the first day of school and then graduation? College? Often times while we are thinking about their future, we aren’t necessarily thinking about how we could be investing in their financial future. I can tell you from personal experience that we always think we will have time to plan for these big events, but they seem to happen in the blink of an eye.
Most people would rather talk about anything other than funerals, but these costs can burden most middle-class families. However, you and your family can plan ahead and one way to do this is to find an affordable final expense insurance policy. Additionally, many seniors are relieved and happy to find a solution for their funeral and burial needs.
When was the last time you reviewed your insurance policy? If you have not done so recently then it would be beneficial to you to add that to the top of your “to do” list. You may have experienced some major life events since the policy was issued that you need to account for and your policy should be adjusted accordingly. Even if you haven’t had any major life changes your financial goals may have shifted. Failing to examine your old policy over time could mean that your family will not have enough money to pay the mortgage or the bills in the event of your death.
Death is not a popular subject. We don’t ever want to think of our own mortality, or that of our loved ones, but the hard truth is that it is something we will all face eventually. While this topic is an uncomfortable one, it is something we should all tackle sooner rather than later. After a death, loved ones left behind are not typically in the frame of mind to want to make monetary decisions. Careful planning beforehand could help ease the the pain in the aftermath of loss.
There are unexpected moments in every person’s life that are challenging, and have the ability to shake things up. While not all unexpected life events are negative, there are some major ones that will be and could affect your financial future, and that may have you rethinking your life insurance choices. With that being said, do you know the difference between old insurance and new insurance?
Have you heard about this secret life insurance policy that most people don't know about? Some of you may be scratching your head and wondering what we are talking about. We’ll explain.
One reason that people consider buying whole and universal life insurance policies is because they can take advantage of some possible ways to use these policies to reduce tax bills. This can include the tax bill of the people who might collect the proceeds from these policies later, and it can also include the tax bill of the policy owner while they are still alive.