Understanding Life Insurance Loans: Should You Consider One?
If you’re considering tapping into your life insurance for financial relief, it’s crucial to understand how borrowing from your policy…
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Why You Should Request an Inforce Illustration
An inforce illustration is a detailed projection that shows the future performance of a life insurance policy based on current…
What is a Long-Term Care (LTC) Rider?
When you need long-term care assistance, the costs can be steep—averaging between $4,500 and $10,000 per month for services like…
What is Medicaid Spend Down and How Does it Work?
Medicaid, the government program providing healthcare coverage to low-income individuals, mandates specific income and asset thresholds for eligibility. While many…
What Happens If You Don’t Probate a Will?
If you’re appointed as the executor of an estate, you’re generally responsible for initiating probate proceedings after the death of…
What is Variable Universal Life Insurance?
Variable Universal Life (VUL) insurance is a sophisticated financial product that combines the permanence of whole life coverage with the…
Guide to Chronic Illness Riders and Alternatives
Dealing with chronic illnesses is a major concern for many older adults, significantly affecting their long-term care costs. A chronic…
Understanding Power of Attorney (POA)
Navigating the transition into taking over your parents’ financial affairs due to aging or illness can be challenging. If your…
Understanding Life Settlements
Discussing a life settlement option with your clients can be a crucial conversation, especially during challenging economic times. The pandemic…
Understanding Whole Life Insurance
Whole life insurance, often referred to as “straight life” or “ordinary life,” is a type of permanent life insurance that…