Many people feel the duty of protecting their loved ones and keeping them financially secure in the event of their untimely demise. Parents, spouses and even grandparents consider investing in life insurance, so they can ensure their family’s financial protection no matter what happens in the future. Many people believe that life insurance and a retirement plan are two different things, and that a life insurance plan is something that is reserved for the family, while a retirement plan is essentially personal. However, financial advisors have proved that life insurance…

A lawsuit is a claim brought against you by the court of law, and is one of the most unpleasant things you can ever face. Lawsuits can range from anything like a broken leg in a pedestrian accident to someone hurting themselves on your property, and chances are that you will face one sometime in your life. Ridiculous as this might seem, it is still a means for your assets to become vulnerable. Your retirement plans, savings and even the security of your home can be endangered, depending on the…

While married couples receive extensive financial benefits when it comes to insurance, taxes, etc., single individuals often get the short end of the stick. Retirement planning becomes even more challenging, since you cannot rely on a spouse to help with saving for a retirement fund or enjoy the Social Security extras that married couples do. For single women, taking care of family expenses and planning for retirement is even harder, what with lower pay scales and higher life expectancy, as well as reduced retirement benefits. They typically have to handle…

As you start to age, it becomes exceedingly important to prepare and plan ahead for a solid retirement plan. It helps you to be able to secure a financial future for you and your loved ones, keeping up the lifestyle you are used to. Everyone also realizes the importance of life insurance, which can help to replace income in the case of a premature death as well as act as an investment for future gains. Most individuals consider life insurance as an investment for beneficiaries, and where income replacement…

For single parents, insurance is a top priority that must be part of any financial plan. If you’re a single parent, the question comes up – why is it is more important for you than for other families? Well, you are the only source of comfort and support for your children, and if something were to happen to you, how will their expenses be covered? Couples have a little more leeway because the chance of something happening to both of them at the same time is very low. As a…