Generally speaking, conversations about life insurance revolve around whether you should buy term or permanent insurance. However, every decision to buy life insurance begins with deciding what is the right amount of life insurance; and, integral to determining the right amount of life insurance is understanding the role of your Social Security Survivorship Benefit (SSSB).
When asked to name their most valuable asset, most people would identify their tangible items, investments, or properties, but nearly all fail to recognize that their ultimate prized possession is themselves. In times where you can own insurance on nearly every household item, many haven't even purchased an insurance policy on their own life. While the basic concept of
With rates as low and competitive as they have ever been, it’s as close to a “buyers” market in life insurance as we’ll get. Still, in these cash-strapped times, curbing all costs and expenses is a priority for most people, and buying life insurance is no different. While the cost of life insurance is predicated upon several factors over which we have little
Life insurance is universally recognized as an essential pillar of a financial plan for providing much needed capital in the event of a breadwinner becoming deceased. It is also fundamental to other planning needs, such as estate planning to pay for settlement costs and taxes, and business planning for business continuation or key person protection. However, considering the remarkab