Life insurance is a useful tool to defend yourself and your loved ones against the uncertainties of life. Unfortunately, not everyone realizes the importance of insurance and so, many people remain bereft of its benefits. If you are the sole breadwinner and your loved ones depend on your earnings, a life insurance policy can help you secure their future in case you die prematurely. Moreover, life insurance enables you to protect business interests and safeguard your legacy. It allows policyholders to pay bills and cover costs like college fees. It…

There are many reasons why you should make annuities a key component of your retirement plan, one of the most important of which is their tax-deferral benefit. While the amount you invest in an annuity isn’t tax-deductible, you can defer paying taxes on the accumulated funds until you start making withdrawals. This tax deferment gives a significant boost to your retirement savings, and can be of great value if:

• You’re in a high tax bracket. If you have to pay a high tax rate for every dollar of…

LTC, or Long term care insurance is an integral part of any retirement plan. Unfortunately, many people fail to factor in LTC coverage when planning for their retirement. By neglecting to consider the need for senior care when preparing a retirement plan, families are often left facing the need for extended care without having the proper knowledge or resources to handle it. There is a common tendency to associate long-term managed health care with nursing homes, whether in old age or as a result of illness/injury while still young. The…