Long-Term Care Insurance: 3 Common Misconceptions
Like any insurance plan, long-term care insurance provides financial relief when you need it most. However, long-term care insurance is expensive. Given the expense, people put off buying a long-term care (LTC) policy or even making a plan for their future care needs. But if they do need it (and [...]
Your Term Life Insurance Is Expiring. Now What?
Your term life insurance is about to expire, you’re retiring, and the kids are gone. This is a good time to determine your insurance needs and weigh your options. Here’s how to choose the best course of action for your ending-soon term life policy. Start with these 3 questions: 1. [...]
Spring Travel for Seniors: Stay Local. Have a Blast.
Spring travel for seniors provides the opportunity to get out after the colder months and enjoy a quick, local vacation—maybe to a neighboring town or city. See how to give your spring getaway a new, fun twist. Plan your spring travel around hobbies and interests Do you have interests that [...]
Want to Convert Your Life Insurance to an Annuity? What You Need to Know.
If you want to convert your life insurance policy to an annuity—or are thinking about it—there are some key things to take into consideration. Imagine this scenario: Tom will retire in a few years. Decades ago, he opened a life insurance policy to provide security for his young family. His [...]
What’s the Full Retirement Age? Get the Facts. Know the Rules.
For decades, full retirement age was 65 years old. But receiving social security benefits has changed, including a higher retirement age and early-retirement options. Last month, we looked at working after retirement—what it means to collect benefits early, as well as the advantage of waiting a little longer. This month [...]