We’re well into Financial Literacy Month, and as an insurance agent, this is a great opportunity to check in with clients and ensure they have the resources they need to make smart financial decisions. Shockingly, 88% of respondents in Ramsey Solutions’ 2023 Financial Literacy Crisis Report say that high school did not prepare them for their financial futures. This means life insurance agents need to step in when it comes to financial education ..read more

It’s not often that life insurance comes up in our everyday conversations. That means a lot of people have questions about life insurance including whether it’s right for them. You may also be wondering, what does life insurance cover? Taking a moment to understand these details may be an important step to help you figure out what kind of coverage you need and how life insurance fits into your long-term financial goals.   ..read more

We all know that life insurance provides protections for loved ones during life’s unexpected moments. Yet, only 52% of Americans have a life insurance policy in place. And, of both insured and uninsured individuals, 41% report that they don’t have enough coverage. So, what’s the reason behind the lack of coverage, even though many people want coverage? It may be related to financial literacy and lack of sufficient information regarding life insurance and annuity products ..read more

Finding the right life insurance policy for your needs isn’t always black and white. There are a lot of unique features for each type of life insurance, meaning it’s important to spend some time evaluating each and determining how they align with your long-term financial goals. In your search for life insurance, you may ask yourself, what is universal life insurance and what do I need to know about this type of policy before making a final decision? We’ve got some answers ..read more

If you’re making retirement plans, then you’ve probably considered annuities. But, have you considered a hybrid annuity? Annuities are designed to provide a steady stream of income through retirement, but with so many options available, it’s easy to become overwhelmed.  ..read more

Whether you’re approaching retirement or you’re already well accustomed to your new lifestyle after working, there are important things you need to know about RMDs. If you’re included in the former group you might be wondering, what is a required minimum distribution? This money is a required withdrawal taken out of qualified retirement accounts on an annual basis. But, even if you know this already, you might not be aware of the updates implemented with the SECURE 2.0 Act.  ..read more

What actions have you taken recently to ensure your financial wellness? This might include opening up a savings account, making contributions to retirement, or regularly investing in the stock market. But, there are other ways to take control over your finances as well, and that includes making a plan for life insurance coverage ..read more

In the United States, the average life expectancy is 80 years, a number that seems to be trending in the positive direction after it took a dip in relation to the COVID-19 pandemic in 2020. In 2000, this number sat at about 76 years. A study published in the American Heart Association journal Circulationestimated that by meeting five low-risk lifestyle factors at age 50, men could extend their life expectancy by more than twelve years, and women could add fourteen years to their life expectancies.  ..read more

Once again, tax season is here. If you’re like a lot of Americans, you probably have questions about life insurance and any payouts you’ve received within the last year. When preparing your documents for tax purposes, you might wonder, do you pay taxes on life insurance? What tax forms are required for filing?  ..read more

Anyone who just started a new job has likely taken a look at the included benefits. Did you notice group life insurance as an option? For some, group life insurance is an easy way to get started with life insurance, but it’s important to thoroughly evaluate all options first. To determine if employer-sponsored group life insurance is right for you, you’ll need to understand the basics and compare your policy options to both term and whole life insurance as well.  ..read more