Blog – Life & LTC Insurance
Basics of Life Insurance
Last week’s post talked about why you might or might not need life insurance. Once the decision has been made that you need or want life insurance, it becomes crucial to get the appropriate death benefit amount and to get that death benefit with the most efficient cost to it.
Consideration of Life Insurance
Like all insurance, life insurance is meant to protect against the unexpected and manage the financial hardship that an event can create. Homeowner’s insurance protects you against the expenses of a fire. Auto insurance protects against the expense of an accident. Life insurance is meant to protect against the loss of income should death occur.
Long-term Care premiums, are the premiums tax deductible?
In the August 24th post we discussed the options for long-term care needs and policies. Did you know you may receive tax benefits on the premiums you pay? On your federal return you may be able to deduct the premiums paid. In many states, including New York, you may be eligible to receive a tax […]
Starting to understand Long Term Care Needs
With baby boomers reaching age 65, 70, and 80 in record numbers – and headed towards age 90 and 100, we know the need for long-term care is growing. The current pandemic only increases concerns about developing health issues that would require care. There is a concern for individuals regarding their health. And – there […]