Life Insurance Archives - Page 2 of 3 - Retirement Income Solutions

22 Jun

Damian Sylvia Posted in Life Insurance No comments

Insurance Needs for Empty Nesters and Retirees

With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings as you lay the groundwork for retirement. During this final leg to retirement – and throughout your retirement period – wealth protection is critical.

The preservation of your assets will not be solely a function of your investment strategy, but will include a comprehensive insurance approach to protect you against an array of financial risks, most especially health care.

08 Jan

Damian Sylvia Posted in Life Insurance No comments

Why Do You Need A Will?

According to the global analytics firm Gallup, only about 44% of Americans have created a will. This finding may not surprise you. After all, no one wants to be reminded of their mortality or dwell on what might happen upon their death, so writing a last will and testament is seldom prioritized on the to-do […]

20 Nov

Damian Sylvia Posted in Life Insurance No comments

How Your Credit May Affect Your Life Insurance Premiums

Does your credit history partly determine the cost of your life insurance? It may. The potential for such a relationship may surprise you – and the relationship is not without controversy. Insurers think a good credit history implies several things. It signals a consumer who routinely lives up to financial responsibilities. It telegraphs […]

21 Aug

Damian Sylvia Posted in Life Insurance No comments

Life Insurance Explained

When it comes to life insurance, there are many choices. Whole life. Variable universal life. Term. What do these descriptions really mean? All life insurance policies have two things in common. They guarantee to pay a death benefit to a designated beneficiary after a policyholder dies (although, the guarantee may be waived if the […]

09 Aug

Damian Sylvia Posted in Life Insurance No comments

Keep Your Life Insurance When You Retire

Do you need a life insurance policy in retirement? One school of thought says no. The kids are grown, and the need to financially insulate the household against the loss of a breadwinner has passed. If you are thinking about dropping your coverage for either or both of those reasons, you may also want […]

21 May

Damian Sylvia Posted in Life Insurance No comments

Avoid These Life Insurance Missteps

Are you about to buy life insurance? Shop carefully. Make your choice with insight from an insurance professional, as it may help you avoid some of these all-too-common missteps. Buying the first policy you see. Anyone interested in life insurance should take the time to compare a few plans – not only their rates, […]

23 Jan

Damian Sylvia Posted in Life Insurance No comments

Year-End Charitable Gifting

Are you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to the charity and to you. To deduct charitable donations, you must itemize them on I.R.S. Schedule A. So, you need to […]

14 Nov

Damian Sylvia Posted in Life Insurance No comments

Life Insurance is Probably Cheaper Than You Think

According to a new study, 41% of Americans lack life insurance coverage. The 2017 Insurance Barometer Study, conducted by the non-profit organizations LIMRA and Life Happens, also discovered that while 84% of Americans felt life insurance was appropriate for most people, just 70% thought it was a good idea for them.1 What is preventing […]

26 Sep

Damian Sylvia Posted in Life Insurance No comments

Should You Look at Insurance as an Investment?

Is a permanent life insurance policy an investment? One financial professional might answer that question with a “no,” while another might say “in a sense, yes.” Just as some people see a home as an investment, while others do not. Opinions differ. Everybody can agree on the core purpose of a permanent life insurance […]

07 Sep

Damian Sylvia Posted in Life Insurance No comments

Are You Insured?

September is National Life Insurance Awareness Month—a good time to think about the value and importance of insuring yourself. According to a recent Bankrate survey, 42% of Americans have no life insurance at all. They may not know that life insurance coverage has become much more affordable than it once was.1 Many […]