When developing a retirement income plan, there are many strategies that can help grow savings and create income for the future. One option that may not immediately come to mind is applying for and purchasing a permanent life insurance policy.
Compound interest is a tool for growing savings and building wealth. Because various options exist, understanding how compound interest works could be helpful for choosing the right account to match your goals and maximize savings growth.
Whatever the financial need may be, you may not have money to spare after paying day-to-day expenses. While you can take a loan from a bank or pay with a credit card, borrowing from a life insurance policy may be more effective.
When deciding to purchase life insurance, you may have someone in mind to designate as the policy’s beneficiary. Here are some guidelines and policy rules to keep in mind.
The claims process is usually not complicated and can be completed by following some basic steps. Here’s how you can help ensure a smoother life insurance claims process.
Along with the emotional stress, a loss can also be very financially overwhelming, especially if there is no plan in place to cover expenses and day-to-day bills.
