You did the right thing. You purchased a final expense insurance policy to take care of your burial expenses and leave some money to your spouse or surviving heirs upon your death. And, you feel good about the decision. It is a good one: you don’t want them to worry about paying for a funeral while grieving. Of course, you want to leave a legacy for your family as well. [Read more…]
You did a nice thing for your son or daughter. You cosigned a student loan. Or, maybe you helped out your brother or sister, cosigning an auto loan. You feel good about helping a friend or loved one, and you go on your way. You don’t think much about what you did. [Read more…]
Here is a quick quiz. What is the top reason people enter bankruptcy?
- credit card debt
- hospital and medical bills
- student loan debt
- other debt, such as housing, auto, etc.
Assisted living and nursing home costs are on the minds of many pre-retirees and retirees. In a study administered by the Associated Press and the NORC Center for Public Research, about 70% of survey respondents (1,019 in total respondents) stated they were worried about having to pay for these services. With the growing costs of these services, no wonder why. The average annual cost of skilled nursing care for a semi-private room here in Massachusetts is over $135,000 and projected to climb over $180,000 by the year 20261. Add to the fact that the Department of Health and Human Services state that 7 out of 10 people over age 65 will experience a long-term care event at some point during the rest of their lifetime, no wonder people are uneasy. Most individuals and families wonder how to protect assets from nursing home costs. Do you share the same feelings? [Read more…]
We are sure you have never heard of United Farm Family Life/ United Home Life (The company either is UFFL or UHL depending on the state you live). They are a life insurance company. You might say to yourself, “Duh, coming from this website, what else they would be?” Well, what you don’t know is that they are very unique. They operate in a niche, and they help provide life insurance to people quite well. In this article, you will learn some of the strengths of UFFL/UHL , and if they are a good fit for your situation, either now or some time down the road. The below is the opinion of My Family Life Insurance only. [Read more…]