When people think about life insurance, they often focus on income replacement or protecting loved ones after death. But life insurance is also one of the most effective estate planning tools available. It can provide liquidity, equalize inheritances, and ensure your legacy is carried out as you intended.
This Life Insurance Awareness Month, let’s explore how life insurance fits into a well-rounded estate plan.
Why Estate Planning Matters
Estate planning isn’t just for the wealthy—it’s about making sure your assets are transferred smoothly, fairly, and with as little stress as possible. Without proper planning, heirs may face delays, legal costs, or even disputes. Life insurance offers a unique way to simplify this process.
How Life Insurance Supports Estate Planning Read More
When people think about life insurance, they usually focus on the protection it provides for loved ones. But life insurance also comes with unique tax advantages that make it one of the most versatile tools in a retirement and estate plan.
This Life Insurance Awareness Month, let’s explore the lesser-known tax benefits that can help you and your family preserve more wealth.
1. Death Benefits Are Generally Tax-Free
The most well-known advantage is that death benefit proceeds are paid to beneficiaries income tax-free in most cases. This means your family can use every dollar for living expenses, debt repayment, or other needs without worrying about tax bills.
For larger estates, life insurance can also provide liquidity to help pay estate taxes, avoiding forced sales of property or investments. Read More
When most people think of life insurance, they think of it as a way to provide for loved ones after death. But life insurance also plays a powerful role in protecting retirement income for both you and your spouse.
This Life Insurance Awareness Month, let’s explore how the right policy can help keep your retirement plan on track.
The Retirement Income Challenge
Retirement planning isn’t just about accumulating savings—it’s about protecting those savings so they last. Without safeguards in place, unexpected events can drain your retirement income quickly.
- A premature death can leave a spouse without enough to cover living expenses.
- Medical bills or debt may eat into retirement assets.
- Market downturns can reduce account balances right when income is needed most.
Life insurance can be the “safety net” that ensures your retirement income strategy works as intended. Read More
At first glance, life insurance and annuities might seem like opposites: one protects against dying too soon, the other protects against living too long. Yet both play critical roles in retirement and financial planning.
This Life Insurance Awareness Month, let’s explore how these two tools differ—and how they can work together to create lasting financial security.
What Is Life Insurance?
Life insurance provides a financial safety net for your loved ones after your death. You pay premiums, and in return, your beneficiaries receive a death benefit. Depending on the policy, life insurance can also build cash value over time. Read More
How Much Life Insurance Do You Really Need?
Buying life insurance is one of the most important financial decisions you can make, but knowing how much to buy is just as critical as deciding to get coverage at all. Too little, and your family may still struggle financially. Too much, and you may be paying for coverage you don’t need.
This Life Insurance Awareness Month, let’s break down how to find the right balance.
Why the Right Coverage Amount Matters
Life insurance is about protection. It replaces your income, pays off debts, and provides financial security for the people you love. The right amount ensures your spouse, children, or other dependents can maintain their standard of living even in your absence. Read More
5 Life Insurance Myths That Could Cost Your Family
Life insurance is one of the simplest and most affordable ways to protect your family’s financial future. Yet, many Americans either go without it or carry too little coverage. Why? Because myths and misconceptions keep people from taking action.
This Life Insurance Awareness Month, let’s set the record straight on five of the most common—and dangerous—life insurance myths. Read More
Each September, Life Insurance Awareness Month reminds us of a simple truth: tomorrow isn’t promised, but we can plan for it. For millions of American families, life insurance remains one of the most affordable and powerful ways to safeguard their financial future. Yet, many households are either uninsured or underinsured.
In 2025, with higher living costs, rising medical expenses, and longer life expectancies, protecting your loved ones is more important than ever.
Why Life Insurance Awareness Month Exists
Life Insurance Awareness Month was created to highlight a national problem: too many families face financial hardship when the unexpected happens. According to LIMRA, nearly half of U.S. adults do not have any life insurance coverage. Of those who do, many lack enough to fully replace income, pay off debts, or provide for long-term needs.
This awareness campaign encourages people to learn the basics, explore their options, and take action before it’s too late. Read More
What It Means to Make Retirement Safe Again
In a world where markets are volatile, healthcare costs are rising, and traditional pensions are vanishing, “Make Retirement Safe Again” isn’t a political slogan—it’s a financial necessity.
Quick note: While this phrase might sound familiar, this article is not political. It’s about restoring peace of mind, protecting your hard-earned savings, and creating a retirement you can count on—regardless of your personal beliefs or affiliations.
By focusing on time-tested strategies like guaranteed income and financial protection, we can help you build a retirement plan that’s based on stability, not speculation. Read More
When planning for retirement, one of the most overlooked financial opportunities is a life settlement. As retirees seek ways to maximize their income and minimize risk, selling a life insurance policy through a life settlement can be a powerful tool—especially for those with policies they no longer need or can’t afford to maintain. In this article, we’ll explain what life settlements are, how they work, their pros and cons, and how they can be used to support a secure retirement.
What Is a Life Settlement?
A life settlement is the sale of an existing life insurance policy to a third-party investor for a cash payment. The payment is typically more than the policy’s cash surrender value but less than its face (death benefit) value.
After the sale, the buyer becomes the new owner and beneficiary of the policy. They take over premium payments and receive the death benefit when the original policyholder passes away.
Life settlements are generally available to seniors age 65 and older who own a life insurance policy with a face value of $100,000 or more. Policies may include universal life, whole life, variable life, or even term life (if it’s convertible). Read More
Retirement is a time to enjoy the fruits of your labor—but making the right decisions beforehand is critical to achieving a financially secure and stress-free future. Among the many moving parts of retirement planning, three key areas stand out as pillars of long-term stability: Social Security, Medicare, and Life Insurance.
These components are closely linked to your quality of life in retirement. If you make smart choices in each of these areas, you’ll be far better positioned to protect your health, wealth, and loved ones. This article explores these three core decisions and offers guidance to help you make confident, informed choices for your retirement years.
