Latest Posts From LifeCentra Blog

We are happy to share our information and knowledge to assist in growing and securing your financial future. Please use the tabs below to guide you through the topics relevant to your interest.

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LTC Insurance vs. Medicaid: Which is Better?

24 May 2016
It is very important to understand the difference between Medicaid and Long-Term Care insurance (LTCi) if you’re planning for long term care. Otherwise, you may fail to invest in the coverage you really desire or need, so let’s look at some ways in which these health plans differ, and which one is better for you in the long term.

What’s the Difference between Medicaid and Medicare?

The Medicaid health program is jointly sponsored by federal and state governments and aims to help low-income individuals and families pay for medical and…
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0 Comments 7 years ago

Why Investors Should Consider Annuities

21 May 2016
Annuities offer big benefits to investors planning their retirement. They can supplement your retirement nest egg and guarantee a steady stream of income throughout your life. Many people misunderstand the concept of an annuity, regarding it as an income-maximizing strategy, due to which they fail to tap into its benefits. In fact, an annuity is an effective risk-management tool, helping to secure you against unforeseen circumstances and building a reliable pool of funds for retirement.

Why You Should Consider and Value Annuities?

Here are some reasons to consider annuities…
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0 Comments 7 years ago

A Fundamental Guide to Buying the Right Life Insurance

19 May 2016
Life insurance is a useful tool to defend yourself and your loved ones against the uncertainties of life. Unfortunately, not everyone realizes the importance of insurance and so, many people remain bereft of its benefits. If you are the sole breadwinner and your loved ones depend on your earnings, a life insurance policy can help you secure their future in case you die prematurely. Moreover, life insurance enables you to protect business interests and safeguard your legacy. It allows policyholders to pay bills and cover costs like college fees. It…
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0 Comments 7 years ago

What are the Tax Benefits of Annuities?

13 May 2016
There are many reasons why you should make annuities a key component of your retirement plan, one of the most important of which is their tax-deferral benefit. While the amount you invest in an annuity isn’t tax-deductible, you can defer paying taxes on the accumulated funds until you start making withdrawals. This tax deferment gives a significant boost to your retirement savings, and can be of great value if:
  • You’re in a high tax bracket. If you have to pay a high tax rate for every dollar of…
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0 Comments 7 years ago

LTC Insurance: An Essential Part of a Financial Plan

11 May 2016
LTC, or Long term care insurance is an integral part of any retirement plan. Unfortunately, many people fail to factor in LTC coverage when planning for their retirement. By neglecting to consider the need for senior care when preparing a retirement plan, families are often left facing the need for extended care without having the proper knowledge or resources to handle it. There is a common tendency to associate long-term managed health care with nursing homes, whether in old age or as a result of illness/injury while still young. The…
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0 Comments 7 years ago