Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.
Yes, we all have an estate. Your estate includes everything you own—your home, car, bank accounts, investments, personal possessions, and more. Whether your estate is large or small, one thing is certain: you can’t take it with you when you die. Planning for the Inevitable When the inevitable happens, most people want to control who […]
Estate Planning -The Disconnect between the rich and poor. Like many things in life the lines between the “haves and the have nots” has been clearly defined for many years, decades; well, since the beginning of time. Society is not structured for everyone to be wealth and prosperous, at least not at the […]
Choosing life insurance beneficiaries is one of the most important estate planning decisions you can make. While naming who should receive money after your death may seem simple, beneficiary mistakes are surprisingly common—and the consequences can be costly. Below are several frequent life insurance beneficiary mistakes and how to avoid them: 1. Naming a Minor […]
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