Is Taking The Accelerated Death Benefit Worth It?
Posted: August 7, 2020
Is Taking The Accelerated Death Benefit Worth It?Accelerated death benefits are a relatively new option with life insurance policies. To qualify for these benefits, you must be terminally ill or chronically ill in some cases. For policyholders with severe health conditions, it may be worth it to take advantage of this option. How Do Accelerated Death Benefits Work? When you take accelerated death benefits, you get a portion of the benefits from...
What Happens To My 401(k) After My Death?
Posted: July 28, 2020
What Happens To My 401(k) After My Death?For many Americans, a 401(k) is the foundation of their retirement planning. The goal is to set aside sufficient tax-deferred dollars (ideally, with matching employer contributions) to see you through from the date of retirement to the date of your death. But what happens if you die before you have a chance to spend your 401(k) funds? You certainly can’t take it with you when...
Foods That Seem Healthy But Aren’t
Posted: July 25, 2020
Foods That Seem Healthy But Aren’tAdvertising can be misleading. Many foods on the shelves today bear labels designed to make them appear to be a good choice for a healthy diet. These labels may contain words such as, “non-GMO, gluten-free, fat-free, all-natural, low-fat, or sugar-free.” Although the labeling may be accurate, that does not necessarily mean the food is genuinely good for you. The following are some foods many people...
What If My Beneficiary Can’t Claim My Life Insurance Money?
Posted: July 22, 2020
What If My Beneficiary Can’t Claim My Life Insurance Money?Many people purchase life insurance policies to provide for a spouse and children. But what happens if your death arrives while your children are still minors? In that case, the life insurance company cannot pay out benefits until the court appoints a guardian for your minor children. That can be a lengthy process, requiring attorney fees and court costs. Similar problems could arise if your...
How Big Should My Business Be To Offer Group Benefits?
Posted: July 13, 2020
How Big Should My Business Be To Offer Group Benefits?If you want to source and retain top talent, an attractive employee group benefits package is a valuable asset. Even with a startup or a small company, it works to your advantage to offer as many group benefits as you can, as soon as you can. Start offering group benefits before it becomes difficult to attract and retain the best employees. What Group Benefits Should...