When planning for your family’s financial future, life insurance is one of the most important tools you can put in place. But if you’ve ever researched your options, you’ve probably seen two main categories: term life insurance and permanent life insurance.
While both provide financial protection for your loved ones, they work very differently — and choosing the wrong one could cost you money or leave gaps in coverage. In this guide, we’ll break down the differences between term and permanent life insurance, the pros and cons of each, and how to decide which may be right for you. Read More
When most people think about retirement planning, they picture savings accounts, 401(k)s, IRAs, or Social Security benefits. Life insurance often gets left out of the conversation — seen only as protection for families during working years. But in reality, life insurance can play a vital role in a comprehensive retirement plan.
From income protection and tax advantages to legacy planning and long-term care support, the right policy can help retirees achieve peace of mind well beyond their working years.
Why Life Insurance Matters in Retirement
Even if your kids are grown and your mortgage is nearly paid off, life insurance may still be valuable. Retirement planning isn’t just about ensuring you have enough money to live on — it’s also about protecting your loved ones, creating flexibility, and reducing financial risks.
Life insurance can:
- Provide financial protection for a surviving spouse.
- Help cover final expenses and debts.
- Offer tax-advantaged savings through certain permanent policies.
- Act as a tool for legacy planning and wealth transfer.
- Support long-term care needs if you add a rider.
In short, life insurance isn’t just for the early years of financial responsibility — it can be a powerful asset throughout retirement. Read More
Indexed Universal Life (IUL) insurance is one of the fastest-growing life insurance products in the U.S. Often marketed as a way to get the “best of both worlds”—protection for your loved ones and the ability to build tax-advantaged wealth—it’s popular among people looking for flexible strategies to supplement retirement income.
But is IUL really as good as it sounds? The truth is, IUL has clear benefits, but it also comes with drawbacks that aren’t always explained in flashy marketing pitches. This article will break down the pros, cons, and common myths about IUL so you can make an informed decision.
What Is Indexed Universal Life (IUL)?
IUL is a type of permanent life insurance that combines:
- A death benefit for your beneficiaries.
- A cash value component that grows based on the performance of a stock market index (like the S&P 500).
Unlike variable life insurance, your money is not directly invested in the market. Instead, your insurer credits interest to your account based on the index performance, subject to caps and floors (maximums and minimums).
This structure provides growth potential when markets rise while protecting against losses when markets fall. Read More
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
