Most Millennials be like, "Why are you talking to me about Long-Term Care Planning, I am decades away from having to worry about that." Here's the deal, if your parents haven't planned for Long-Term Care this issue may affect you physically, emotionally and financially a lot sooner than you may think. True story: Talked to [...]
Every 7 seconds, another American turns 60; which means their parents turn 80. As America ages, U.S. employers face an emerging business challenge due to the much publicized eldercare and care giving resource crisis. Care giving impacts both corporate health care costs and employee productivity. Much of today's workforce is the "sandwich generation"---challenged with caring for [...]
What are accelerated benefits? A life insurance policy ordinarily pays benefits to a beneficiary after a policy owner dies. But policy benefits can be accelerated if they are paid directly to a chronically or terminally ill policy owner before he or she dies. Provisions for accelerated or "living benefits" may be included in a policy [...]