Category: Our Blog

Why A Single Person Needs Life Insurance

Updated: April 12, 2024 at 9:40 am

Businessman reading documentsA single person doesn’t need life insurance, right?

You may have friends with children or are aware that a married couple should have some level (a good level) of life insurance in case of premature death.

However, as a single person, you may wonder if you need life insurance. You aren’t married and have no children. You have resources, so really what is the need? No one relies on your income, right?

Well, that really isn’t the right attitude to have. A single person could likely need life insurance. There are many common scenarios, including one we all can’t avoid.

In this article, we discuss the reasons why a single person needs life insurance. Continue reading Why A Single Person Needs Life Insurance

Your Final Expense Insurance Could Be Taken By Nursing Homes – Unless You Do This

Updated: April 12, 2024 at 9:40 am

Elder Man Is Too Weak to Walk UnaidedIf you have a final expense life insurance policy, you probably don’t think it could affect your care in nursing homes.

We know 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.

But you weren’t aware of a potential problem with nursing homes and life insurance (which is final expense insurance).

Continue reading Your Final Expense Insurance Could Be Taken By Nursing Homes – Unless You Do This

How To Protect Assets From Nursing Home Costs [Using A Trust]

Updated: April 12, 2024 at 9:40 am

protect assets from nursing home costsHow to protect assets from nursing home costs is on the top of people’s minds.

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.

Additionally, the average annual cost of skilled nursing care for a semi-private room is going through the roof. 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?

In this article, we discuss who pays for nursing home costs and alternatives to protect your assets from nursing home costs, namely using a trust.

Continue reading How To Protect Assets From Nursing Home Costs [Using A Trust]