Recent Posts:
Power of Attorney Guide: What Is It and How to Get It for Parents
You might remember your folks helping you open your first bank account and write your first check. And while that was a long time ago, you may not be ready for those roles to reverse, with you taking the financial lead for your parents. Unfortunately, it’s not uncommon that a parent would need an adult child’s help managing the finances, particularly if that parent starts to lose mental sharpness or the ability to make logical decisions.
Do I Need Supplemental Insurance if I Have Medicare?
Medicare is a healthcare safety net for seniors in the U.S. The federally run program provides free hospital insurance and low-cost medical insurance for qualified seniors over the age of 65. But like all safety nets, Medicare has a few holes — more practically known as gaps in coverage. Depending on the type and frequency of the medical services you need, those gaps can be costly.
What Is Variable Life Insurance?
A variable life insurance policy is a type of permanent life insurance. A permanent life insurance policy covers a policyholder for the entirety of their life so long as premiums are paid. This type of policy is perfect for people who are looking for cash value, investment variety, flexible premiums, and a flexible death benefit.
Palliative Care vs Hospice Care: Which is Right for Your Family?
While palliative care and hospice care have a lot of similarities, there are some key differences to consider when thinking about which option is right for you or your loved ones. In this post, we’ll talk about what palliative and hospice care are and who can benefit from each.
How Does the Coronavirus Affect Retirement Planning?
The sting of the coronavirus pandemic is being felt far and wide. Even if you’re fortunate enough to have sidestepped illness, COVID-19 has likely made its mark on your retirement portfolio and, possibly, your income. Both outcomes signal it’s time to reassess where you stand with respect to retirement planning.
The Pros and Cons of Indexed Universal Life Insurance
Indexed universal life insurance is a type of permanent life insurance, a type of insurance policy that stays active for the duration of the policy holder’s lifetime provided they make the appropriate premium payments.
What is an Annuity and How Does it Work?
Worried about running out of money in retirement? You’re not the only one. A 2019 survey from Aegon and Transamerica Center for Retirement Studies indicates that 40% of people globally are worried about outliving their savings.
Senior Resources Guide For Coronavirus
In the wake of the coronavirus pandemic, many seniors are left with questions about the status of services and how to stay connected with loved ones. To help, we’ve compiled this comprehensive resource guide for seniors that covers essential coronavirus questions along with several resources to help stay updated and ensure your well-being throughout the situation.
What is a Health Care Proxy?
Your vision for your senior years might involve sunny mornings on the golf course, bridge parties with friends, and relaxing walks through nature. And while you should seek out those carefree activities, recent economic events remind us that it’s important to keep an eye on the practical matters, too. Those practical matters include your finances and estate, of course, but also your health.