You may be attracted to the idea of receiving a lifelong income after retirement. Unfortunately, pensions are disappearing. Only 31 percent of Americans currently retire with defined benefit pension plans. While 84 percent of people receive Social Security Old Age, Survivors, and Disability Insurance (OASDI) benefits, it was never intended to be their sole source…

As they grow older and advance in their careers, many professionals start to find that they have more money in their pockets. If you’re in your 30s or 40s, this might sound like you. Those long nights and sacrifices you’ve made to move up the corporate ladder have finally paid off. For the first time…

Death claims for working-age adults under group life insurance policies spiked well beyond expected levels last summer and fall, according to data from 20 of the top 21 life insurance companies in the United States. Death claims for adults aged 35-44 were 100 percent higher than expected in July, August, and September of 2021, according to…

Protecting your dependents’ livelihood with life insurance is always a wise decision. But, at the same time, buying a life insurance policy can seem overwhelming. And, that’s understandable with the number of coverage options available. As a result, you might delay purchasing a policy. In the long run, however, delaying such an important discussion can…

Choosing your beneficiaries, who are the people or entities who receive the benefits when you die, is arguably the most important part of owning life insurance. However, picking this recipient may not be as easy as you imagine. After all, state laws and policy rules can limit your options. Additionally, changing or correcting your beneficiary…

As you recall, there are two primary types of life insurance; term and permanent also called whole, life. Not only are they the most popular options, but they also happen to be the oldest forms of life insurance. Of course, insurance companies have made shopping for a policy just as confusing as the movie Inception as you dig deeper…

Putting money aside for retirement and building a nest egg is crucial for the financial security of you and your family. After all, if you suddenly were unable to support your family, what would they do? 1. It’s part of a sound financial plan  If anyone financially relies on you, then life insurance should be…

By Mark J. Kohler Every day, life insurance companies pay death benefits to the beneficiaries of their policies, providing them with needed and certainly welcome funds. In essence, life insurance provides leverage: You pay a relatively small amount of money to the insurance company in the form of a “premium,” and the insurance company will provide a…

Lincoln National is a fairly large life insurance company that’s so old that when it was started, the founders actually asked Abraham Lincoln’s son whether it was okay to use his father’s likeness in their company branding. He agreed, and over the past 117 years, Lincoln National has grown to be the fifth-largest life insurance…

Life insurance can be purchased quickly from almost any agent. Getting the best policy for the family requires considering some things before buying. When time is given beforehand to think about the family’s future needs, buyers can end up with a policy that will be more beneficial and offer a greater level of confidence and…