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Return of Premium life insurance policies are an attractive option to people who want to have coverage: Here is how return of premium policies work. The name of the policy is self explanatory: At the end of the term, the policyholder will receive their premium back in full as long […]

How Return of Premium Policies Work

March 14, 2021 in life tagged finances / Insurance Education / insurance help / Life Insurance by Jeffrey Cooperstein

An individual retirement account (IRA) can be a powerful savings tool that can help you reach your retirement goals. — An individual retirement account (IRA) can be a powerful savings tool that can help you reach your retirement goals. When planning your future, it is important to learn about the different types of IRAs offered and the benefits that having an IRA can bring. Here is some basic IRA information […]

Benefits of an Individual Retirement Account

January 15, 2021 in life tagged finances / medicare / Retirement by Macee Hall

New legislation passed by Governor Gretchen Whitmer has made surprise medical billing in Michigan an illegal practice. The law prohibits medical providers from sending large bills to patients receiving out of network care on an emergency basis, known as balance billing. For people receiving non-emergency care, the out-of-network provider must […]

Surprise Medical Billing in Michigan

November 23, 2020 in Health / Medicare tagged current events / finances / government acts & responses / health insurance / medicare by Jeffrey Cooperstein

Though typical health insurance and Medicare provide some long-term care coverage, many of the costs are left for the beneficiary to cover. — AARP reports that approximately half of all Americans aged 65 and up will need some form of long-term care in their lifetimes. Though typical health insurance and Medicare provide some long-term care coverage, many of the costs are left for the beneficiary to cover. Long-term care insurance helps protect an […]

What is Long-Term Care Coverage

November 21, 2020 in Health / life / Medicare tagged aging statistics / alzheimer's disease / finances / long term care insurance / medicare by Macee Hall

What is Final Expense — What Is Final Expense Insurance and Do I Need It? Final expense insurance, a.k.a burial insurance or funeral insurance, is a type of permanent life insurance that provides coverage to pay for end-of-life expenses and funeral costs. It ensures those left behind have financial support through a challenging time. Facing […]

What Is Final Expense Insurance and Do I Need It?

November 19, 2020 in life / Medicare tagged final expense / finances / Funeral Costs / Funeral Planning / Life Insurance by Jenny McCann

guaranteed monthly income — Recently, AIG released a list of topics to discuss with your financial advisor about guaranteed monthly income. As you approach retirement, it is always important to do heavy planning so that you are not blindsided by unexpected expenses, but many people think of retirement planning just in terms of accumulation […]

Guaranteed Monthly Income In Retirement

September 6, 2020 in life tagged Annuities / finances / Retirement / senior lifestyle / workforce by Joe Manichia

Senior Financial Isolation — When the COVID-19 pandemic began in March, no one could not have imagined senior financial isolation would be one its side effects. But that is exactly what life insurance company, AIG, warns is happening. Older adults are at risk for severe illness from COVID-19, so the CDC urged anyone aged […]

Senior Financial Isolation Worsens During Covid

September 1, 2020 in Medicare tagged age discrimination / cognitive decline / finances / Medicaid / Scamming & Fraud by Jenny McCann

Retire the Right Way Nearing retirement can be both exciting and scary. I mean, haven’t you been waiting for this day since you entered the workforce? While you should be looking forward to retirement, it is also a time to make sure your finances are in order and find out […]

Retire the Right Way

July 24, 2020 in Medicare tagged finances / Retirement / Social Security by Emily Schellin

Elder financial abuse — The Dark Side Of Aging And Finances With a growing population of aging Americans, financial exploitation against seniors is becoming a widespread and pervasive problem. The National Council on Aging estimates costs of elder financial abuse and fraud range from $2.9 billion to $36.5 billion annually. The rate of financial exploitation is […]

The Dark Side Of Aging And Finances

June 25, 2020 in Medicare tagged age discrimination / cognitive decline / Cyber Security / finances / Scamming & Fraud by Jenny McCann

Price of COVID — Swabbing and testing all Americans for COVID-19 each year could become a normal routine. That, combined with antibody testing, could cost a whopping $44 billion per year, according to a recent study. Diagnostic testing alone ranges from $6 – $25 billion each year; while it is about $5 – $19 […]

Price of COVID

June 23, 2020 in Health / Medicare tagged COVID-19 / current events / finances / government acts & responses / health & safety by Emily Schellin