A current senior wellness observance highlights financial wellness, including checking whether a life insurance policy has market value before surrender or lapse decisions. A life settlement lets a qualified third-party buyer purchase an existing policy for cash, assume premiums, and later collect the death benefit. The no-cost process starts with basic policy and health details,…

To build sufficient retirement savings, aim to save about 15% of annual income, including employer matches. Start early to benefit from compounding. Prioritize maxing out tax-advantaged accounts like 401(k), IRA, and HSA before taxable accounts. Minimize major expenses such as housing and transportation to free up savings. Capture full employer 401(k) match, invest in low-cost…

In 2026, retirement plans will see key changes driven by the SECURE 2.0 Act and inflation adjustments. High earners (age 50+, earning over $150,000) must make catch-up contributions as Roth or after-tax, losing pre-tax deduction options. Contribution limits for 401(k)s, IRAs, and HSAs increase, offering greater tax-advantaged savings. Deadlines for 2025 contributions and IRA conversions…

The primary breadwinner often receives the most life insurance coverage, but this overlooks the financial impact of losing a primary caregiver, who provides significant unpaid labor. Many families face coverage gaps due to cost misconceptions, lack of knowledge, and evolving gender roles. Effective coverage decisions should consider financial obligations, income replacement, future goals, health, and…

Childless singles and couples still need written plans because many insurance, estate, and health care systems already assume people have children today. Without a named power of attorney, government or health care systems may make decisions if incapacity prevents you from speaking for yourself. For childless couples, proactive planning can mean jointly owned assets, trusts,…

Many Americans wrongly expect Medicare to cover nursing home care. It mostly does not, creating a major retirement planning gap that can drain savings fast. Long-term care need is common after 65, while nursing home costs were already steep in past data, making multi-yr stays financially devastating. Medicare covered skilled nursing only after a 3-day…

More states are mandating paid family and medical leave, expanding benefits coverage. This creates new opportunities for insurers serving multistate employers. Employers prefer unified administration across varying state requirements. Carriers are bundling leave with disability, life, and dental benefits. State rules vary widely, making local expertise essential.

This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.

A complete financial plan includes life insurance to replace income and pay liabilities if the primary earner dies, disability insurance to replace income if illness or injury prevents working, and a plan for long-term care costs in retirement. Life insurance needs decrease over time, with term policies being cost-effective when young. Disability insurance often requires…

Over two decades, US life insurers have shifted from conservative bonds to private credit, offshore reinsurance, and illiquid assets, increasing risk. Annuity reserves now make up over a third of sector reserves, but credit ratings backing them have declined significantly, especially among private equity-backed firms using complex strategies. Regulators are enhancing transparency and oversight amid…