Cremation Insurance 101
Posted: June 22, 2024
Cremation insurance is a lesser-known but crucial aspect of end-of-life planning. It ensures that funeral expenses associated with cremation are covered, sparing loved ones from financial burden during a difficult time. Individuals can ease the economic strain on their families by securing cremation insurance to ensure their final wishes are honored without any additional stress or worry. It offers peace of mind and practical assistance...
6 Medicare Pitfalls to Avoid
Posted: June 21, 2024
Medicare enrollment and plan selection are critical decisions with significant financial implications. Unfortunately, many enrollees make common mistakes, such as not reviewing coverage annually, misunderstanding plan details, and failing to consider changing healthcare needs. These errors can result in gaps in coverage or unnecessary expenses. Approaching Medicare decisions carefully and getting professional guidance is essential to ensure optimal coverage and financial security. 1. Assuming inability...
Honoring Juneteenth: A Look Back & A Step Forward
Posted: June 19, 2024
On June 17, 2021, President Biden signed into law a bill that officially recognizes Juneteenth as a federal holiday. Juneteenth is a day of great historical significance in the United States as it marks the end of slavery. The commemoration of this day should encourage us to reflect on the past and strive for a future where equality and fairness prevail, and all forms of...
What Is Supplemental Cancer Insurance & Do I Need It?
Posted: June 10, 2024
In 2018, there were 18.1 million new cancer cases and 9.5 million cancer-related deaths globally. By 2040, new cases are projected to increase to 29.5 million, and cancer-related deaths could skyrocket to 16.4 million. These staggering figures illuminate the need for supplemental cancer insurance to mitigate the financial burden of treatment and ensure comprehensive healthcare coverage. What Is Supplemental Cancer Insurance? Supplemental cancer insurance can...
6 Factors that Determine the Cost of Your Life Insurance Premiums
Posted: June 7, 2024
Life insurance serves as a financial safety net, providing peace of mind and protection for loved ones in the event of the policyholder’s death. Term life insurance offers coverage for a specified period, while whole life provides lifelong protection with a cash value component. Universal life offers flexibility in premiums and death benefits, and variable life allows investment options within the policy. Choosing the right...
