Financial Planning As You Retire
Blog Author: Tom PetersonPlanning for retirement can bring many emotions – excitement, confusion, and even fear of the unknown. Having confidence in your financial well-being is one of the best ways to establish a joyful retirement. Here are some points to consider as you prepare to retire and plan financially for your ...
Term vs. Whole Life Insurance: What’s the Difference?
Blog Author: Jessica RichterWhen deciding on a life insurance policy that meets your needs, it is helpful to know the options and how they differ. Here, we will review how term life insurance and whole life insurance policies work, and what the benefits may include.
An Introduction to Life Insurance Underwriting
Blog Author: Jessica RichterWhen applying for a life insurance policy, it is helpful to know the different types of life insurance underwriting you may experience as you go through the approval process. Let’s look at what it means to assess your risk as an applicant, and how the insurance company will determine your level of ...
Understanding Multi-Year Guaranteed Annuities
Blog Author: Tom PetersonWhat is a MYGA? MYGA stands for Multi-Year Guaranteed Annuity. This specific type of annuity offers a guaranteed fixed interest rate for an established period of time selected by the owner (e.g. 4% for five years). The interest compounds daily, which allows for quicker growth opportunities.
Buying Life Insurance for the Grandkids
Blog Author: Tom PetersonAs you age, it may be important to leave a piece of life’s greatness to your future generations. That can mean sharing an heirloom that has been passed down from prior generations, contributing financially towards an education, or leaving a life insurance policy with an inheritance to be used at ...
Medicare Commercials: Deciphering Fact from Fiction
Blog Author: John DemkoPrepare yourself: we are about to enter the season of Medicare advertising. Soon you won’t be able to escape the barrage of mail, television, and online commercials about Medicare.
With multiple kinds of annuities available, it is important to know how each of them works. Looking at an annuity in its entirety, the common goal is to increase the value of the amount vested and ultimately leave you with even more money. Let us start with the most predictable of the options, a ...
How Can Preexisting Conditions Affect Life Insurance Approval?
Blog Author: John DemkoIn What Ways Can Preexisting Conditions Affect my Approval for a Life Insurance Policy?
What You Can Expect in a Life Insurance Health Exam
Blog Author: Tom PetersonIf you need to increase your life insurance coverage outside of an enrollment period or above set coverage limits, you may have to undergo a life insurance health exam. That may sound intimidating, but it probably won’t be as bad as you think – especially if you know what to expect. To make it ...
