When Life Insurance Becomes Taxable
Consider these facts on aging from the 2010 Census:¹ The highest growth rate for a 10-year age group within the older population (age 65+) was for men 85 to 94 years old (46.5%). For women, this age [...]
What If You Get Audited?
“Audit” is a word that can strike fear into the hearts of taxpayers. However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the IRS audited 0.5% of all individual tax returns.¹ And [...]
What Is a 1035 Exchange?
According to the most recent information available, Americans have individual life insurance with a total face value of $12 trillion.1 Due to a variety of factors, these individuals may find themselves in circumstances where the specific life [...]
Variable Universal Life Insurance
Variable universal life insurance is permanent life insurance—it remains in force for the policyholder's whole life. And, as with universal life insurance, it provides a flexible premium and an adjustable benefit—meaning the policyholder decides how much to [...]
Disability and Your Finances
The Social Security Disability Insurance program paid out $143.7 billion in benefits in 2018. And with new applicants each year, the system is expected to exhaust its reserves at the end of 2034 if changes aren’t made.1 [...]
Understanding Homeowner’s Insurance
Purchasing homeowner’s insurance is not only critical for protecting your home and personal property against any potential liability; if you have a mortgage, your lender will require it. What’s Covered A homeowner’s insurance policy is a package [...]
The Value of Insuring Against Life’s Risks
Did you know that... More than six in ten American workers have no private disability income protection,¹ 30 percent of U.S. households have no life insurance,² and About one in eight drivers is uninsured?³ If you ask [...]
The Most Overlooked Item of Any Home Improvement
If you are like most homeowners, you love selecting the fixtures, fabrics, and paint colors of your home improvement project. But there is one very important item that you may overlook—making certain you are properly insured. Why [...]
The Financial Literacy Crisis
Imagine driving a car without a basic understanding of the rules of the road, or even how to operate it. Scary thought. Yet many Americans are operating their personal finances with only the barest minimum of knowledge. [...]
The Cost of Procrastination
Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops. “Are you aware the [...]