Long Term Care Insurance

Qualifying for Long-Term Care

Qualifying for Long-Term Care LTCI contracts have two distinct benefit triggers—a loss of physical function or the existence of cognitive impairment. Loss of the Ability to Perform Two Activities of Daily Living (ADLs) The inability to perform two or more of six physical functions is collectively defined as the basic activities of daily living (ADLs).…

Desk Coffee Calculator

What is A 1035 Exchange?

A 1035 exchange is a provision in the Internal Revenue Code that allows you to exchange one insurance policy or annuity contract for another without having to pay taxes on the gains in the original contract. This can be a valuable tool if you are looking to change your insurance or annuity for a different…

Living Benefits

Life Insurance Living Benefits

Life Insurance Living Benefits Life insurance is typically thought of as a way to provide financial security for your loved ones after you die. However, many life insurance policies also offer living benefits, which can provide you with financial assistance while you are still alive. Living benefits are riders that are attached to life insurance…

Whole Life Insurance

What is Whole Life Insurance?

What is Whole Life Insurance? Whole life insurance is a type of life insurance that provides a death benefit to your beneficiaries when you die. However, it also has a cash value component, which is money that accumulates over time and can be accessed by you while you are still alive. This cash value can…