Would you like to make a charitable gift to help organizations or people in need; to support a specific cause; for recognition such as a naming opportunity at a school or university? Perhaps you would do it just for the tax incentives. There are any number of reasons, and life insurance can be one of the most efficient tools to achieve these purposes. So the question becomes, how does this work?
For a long time I didn’t understand the finality of death. I remember telling my sisters that I wanted to see my mom. They explained that she was in a better place now, but I didn’t understand what that really meant. I thought she had gone away or was hiding from me.
During that difficult time—when your only anchor is your family—mine was being pulled apart by financial hardship. My mother didn’t have life insurance, which meant my dad, who was 73 at the time, ended up working more than 50 hours a week. And my sisters, who were in high school, had to find work to help put food on the table. We hardly saw each other, which made things even worse.
When you prepare for any upcoming investment or purchase, you probably run into some unfamiliar language or terminology in your research, which can be frustrating and downright confusing. Searching for a long-term care insurance policy is no different. A long-term care insurance policy describes coverage under the policy, exclusions and limitations—and can be laden with industry jargon. Here’s a breakdown of the fundamentals:
When you’re just starting out, it often seems that a dollar never stretches far enough. And with new commitments, such as buying your first home or having children, comes the responsibility to make sure your loved ones will be provided for financially, no matter what life may bring.
You’ve picked out the rings, maybe even the venue … things are rolling toward your Big Day, but don’t forget an important element of your new life together: getting your financial lives in sync. Talking about finances with your fiancé, spouse or partner may not seem like the most romantic topic, but what better way is there to show your loved one how committed you are to a lifetime of happiness together? Here’s how to get started.