Never Outlive Your Savings with Longevity Annuities

The Centers for Disease Control and Prevention estimates that the average 65-year-old will live at least another 20 years, which is six years more than what life expectancy was in 1950. While this is great news, it does present a financial challenge – how to ensure that your retirement savings will last a lifetime. Some…

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Congress Takes the Surprise Out of Surprise Billings

Consumers can look forward to January 2022 as an end to unexpected — or “surprise” — medical bills. Congress passed a bill in December to stop this practice. Surprise medical bills, also referred to as balance billing, occur when patients are billed for care received from out-of-network providers where insurance covers none or only a…

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Your Life Insurance Options During the COVID-19 Pandemic

With the news media reporting daily on the number of  COVID-19 cases and deaths, it’s not surprising that many  people are concerned about whether their families will  be taken care of if they contract the disease and die.  Defer Now,  Pay Later  If you took advantage of President  Trump’s executive order  allowing you to not…

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Your Options if You Lose Your Employer- Sponsored Health Care Coverage

Estimates are that more than 26 million people could become uninsured due to the workplace shutdowns. The Economic Policy Institute estimates that because of the COVID- 19 virus and workplace shutdowns, 16.2 million American workers have lost their employer-sponsored health care coverage since mid-March. The Kaiser Family Foundation estimates that 26.8 million people in the…

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What the Coronavirus Taught Us

Wash your hands and check your healthcare benefits to see what’s covered! Because of the COVID-19 coronavirus pandemic we’ve learned a new term — social distancing — and relearned the importance of thoroughly washing our hands. We’ve also learned the importance of understanding what tests, procedures and care are covered by our health insurance. In…

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How Life Insurance Works in Divorce Settlements

Permanent life insurance — whether whole life or universal life — provides coverage for the lifetime of the insured as long as premiums are paid, though Universal allows greater flexibility in terms of payments and death benefits. The biggest distinction is that with whole life, savings grow at a guaranteed rate; with Universal life insurance,…

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A Beneficiary’s Guide to Filing a Life Insurance Claim

A life insurance policy can be a thoughtful way to provide for loved ones after you die. But what happens if you are the beneficiary of someone’s life insurance policy? Losing someone close to you is a stressful situation. Fortunately, however, filing a claim usually is fairly straightforward. Here is what you should do if…

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