Insurance is a financial tool that you can use to mitigate risk of damage or loss occurring to a finite resource you possess. Here you can learn more about the different types of insurance and whether or not they would be right for you.
Many people remain unaware of the many ways in which life insurance can help families meet their key financial goals. Here are three of the biggest of these objectives, as seen through the eyes of a hypothetical couple, ...(more)
A 60-second read by Nicholas Scheibner: As people are living longer, paying for health care costs is becoming a top concern. Many people are beginning to consider if a Long-Term Care Insurance policy is best for ...(more)
I decided to sell my motorcycle the other day.
There wasn’t anything wrong with it. It was a beautiful bike and it was in really good shape. It had low miles and ran well. The reason I sold it was because it didn’t ...(more)
Last week, we spoke briefly of the American Health Care Act, which has been passed by the House. Following are additional details about the AHCA, as passed by the House. The legislation would:
Do away with both ...(more)
There are some things in life that I would never go without. Some things are so important that whenever they run low, I make sure they are replaced. Coffee is one. Gasoline in my car is another.
Could you imagine ...(more)
It's a fact: People today are living longer. Although that's good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living ...(more)
Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned income when you can't ...(more)
Few terms in personal finance are as important, or used as frequently, as "risk." Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their ...(more)
Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your ...(more)
Most people don’t realize (or do, but don’t plan for it) that, as a couple, there is lost income from Social Security automatically built in. I discussed examples in a post titled “Social Security and Survivor ...(more)
Just what is an annuity? The textbook definition of an annuity is “an income stream” or “a fixed sum of money paid to someone each year, typically for the rest of their life”. The word shares a root with our word ...(more)
Medicare: Part A
Medicare Part A is the hospital insurance portion of Medicare. There is no premium for eligible beneficiaries. Part A should be not be considered as maintenance or ongoing care, but more emergency, ...(more)
Benefits of Employees Purchasing Life Insurance in Qualified Plans
When looking at Life Insurance in Qualified Plans there are many differences, benefits, and goals with each type. The following wiill detail how it ...(more)
As Americans get older and the stock market goes through a periodic decline, the temptation to decrease risk over fears of running out of money makes people turn to annuities, according to the recent New York Times ...(more)
As many of our clients reach retirement, they begin to have questions around Medicare coverage. Since the costs associated with health care are a large factor in a financial plan, it becomes increasingly important to ...(more)
A Medigap policy is a health insurance policy sold through a private insurance company to help fill in the “gap” in Medicare’s costs. Medigap policies help pay some of the costs that original Medicare does not cover. ...(more)
For more information on costs and benefits related to Social Security and Medicare, visit Socialsecurity.gov and Medicare.gov.
During the past several weeks, you may have seen media reports announcing that Medicare ...(more)
Health Savings Account Or Flexible Spending Account?
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
Request a FREE no obligation consultation: www.oxygenfinancial.net ...(more)
Within the last two weeks, I had a client inquire about a long term care (LTC) policy and a reporter call regarding pros and cons of LTC policies. I took it as a sign of what to discuss this week, and it’s also a good ...(more)
A Universal Tale
I call this A Universal Tale because it is about how you might be able to incorporate a specific type of insurance called universal life or UL into your portfolio. As you read you will learn it is ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.