Important Things to Know About Life Insurance to Enhance Your Estate Plan

Creative Uses for Life Insurance According to a new study from LIMRA and Life Happens, two nonprofit industry trade associations, a record-high number of American adults—approximately 102 million—either do not have life insurance or do not have enough coverage.  Misunderstandings about how much life insurance costs and what type to purchase are the largest barriers […]

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Planning with Life Insurance

Creative Uses for Life Insurance Slightly more than half of Americans (52 percent) have a life insurance policy, and about 4 in 10 adults say they do not have enough life insurance coverage. That leaves about 100 million Americans uninsured or underinsured when it comes to carrying life insurance.  Because life insurance provides funds for […]

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Who Should You Name as a Beneficiary?

The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses.  Life insurance policy payouts average $168,000. As the policyholder, you can—and should—name beneficiaries of the policy. Generally, however, when […]

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Do You Have Enough Life Insurance?

About 90 million Americans depend on life insurance for financial protection and retirement security. An almost equal number say that they either do not have any life insurance or need more life insurance. More than one-third say they plan to purchase coverage in the next year.  With very few exceptions, life insurance can benefit everyone. […]

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Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?

The first private pension plan in the United States was established in the late 1800s. Through 1980, nearly 40 percent of Americans were covered by a traditional employer-funded pension. But employer-provided retirement plans have now largely shifted to retirement savings vehicles like 401(k) plans and Individual Retirement Accounts (IRAs) that place most of the savings […]

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Intrafamily Loans and How They Work

An intrafamily loan is a financial arrangement between family members—one who is lending and another who is borrowing. An intrafamily loan may be used to help a family member who needs money for a number of reasons: Lending to a child or grandchild can be satisfying. Your loved ones can benefit from flexible repayment terms […]

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