Insurance
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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How Insurance Needs Are Different for the Wealthy

07 May 2016
Life insurance is necessary for everyone, but its importance spikes for high net-worth and wealthy individuals. They require unique insurance needs that defend their fortune of valuable possessions such as priceless art, yachts etc, along with their homes and cars. They also lie at a risk of lawsuits and any place where a lawsuit can hurt them is a liability. This makes their life insurance needs different from other people. So, why and how should they sieve through different life insurance types and focus on the right life insurance…
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0 Comments 4 years ago

What are the Top 6 Signs You Need a Financial Advisor?

27 April 2016
They say that knowledge is power especially so when it comes to finances. Since the internet is awash with various dedicated financial publications, why then would you need a financial advisor? Well, they are more conversant with crunching numbers, as well as understanding the market and the jargon involved in financial planning.

Here are 6 signs that you need a financial advisor:

  1. Tax Refunds are Commonplace – Most people hate filing tax returns. This exercise is time-consuming and unrewarding, except when you get a refund for over-paying. However,…
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0 Comments 4 years ago

Planning Your Dream Wedding? Start Saving Well in Advance

03 February 2016
The tradition of parents paying for their children’s wedding has changed, as more soon-to-be-wed couples are trying to take the financial burden off their parents. Too often, parents cannot afford a large fancy wedding either, unless they rely on credit. The average wedding costs around $30,000, and the most important day of their life can set couples or their parents on the short path to lifetime debt. It makes sense to plan responsibly and cut down extra expense wherever possible. Planning a proper budget and researching your options helps you…
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0 Comments 4 years ago

Long Term Care Planning for Boomers and Millennials

30 January 2016
Today, yesterday’s baby boomers often need managed health care over an extended period, which can mean heavy medical bills, compensation for caregivers and other associated costs. For most, this means staying in a nursing home or care facility, just to avoid depleting savings and retirement income completely or being a financial burden on their loved ones. Today’s generation, the millennials, believe that baby boomers failed to save enough for their future, and choose not to repeat those mistakes. They better understand the need to invest in long-term care for…
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0 Comments 4 years ago

Hedge Stock Market Volatility with Life Insurance

22 January 2016
Everyone who has ever invested understands that market volatility plays a significant role in how their investments fare, whether long-term or short-term. Even for those who have been regularly investing with professional help, understanding the ups and downs in the market can either make or break portfolios. However, there are ways of working around market fluctuations when they are not in your favor. Diversification, or investing in varied forms of investments is one way to help keep liquidity in your control. Borrowing against cash value factor of permanent life…
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0 Comments 4 years ago