If your parents are nearing retirement, you might find yourself beginning to wonder what their plan is for living off of their savings — or if they even have any savings to live off of.According to a 2020 AARP report, al...
From Medicare to Medicaid, Veterans’ Benefits, long-term insurance, and a wide range of other coverage options, there are many sources of support for your senior’s medical needs. But how do you navigate the complex world of medical insurance? Make no...
I recently received another communication from a life insurance company looking to purchase back from the policy owner a life insurance policy issued years earlier. Offers like this happen periodically, but this is the first time I’ve seen it fr...
For many people, being a homeowner is the greatest achievement in life. But if you become disabled or suddenly pass away, your family could fall behind on mortgage payments, eventually leading to foreclosure.However, some safeguards ca...
For many Medicare beneficiaries, a supplement plan — aka, Medigap — is an appealing way to cover some out-of-pocket costs.These policies at least partially cover the cost-sharing aspects of Medicare — deductibles, copays and coinsurance. However, the...
Life insurance benefits your loved ones when the inevitable happens. While it can be tough to think about your own demise, choosing the right term or whole life insurance policy can protect your household and allow you to leave a legacy to those you...
If you’re a smoker, you probably already know the habit comes with health risks that can be costly. Cigarette smokers are 15 to 30 times more likely than nonsmokers to get lung cancer or die from it, according to the Centers for Disease Control...
Millions of adults go to great lengths to protect their assets. Those measures run the gamut from simple everyday efforts like utilizing two-factor authentication when accessing financial accounts via online or mobile banking apps to more complicated...
Dear Dave: A relative of mine recently mentioned she had two life insurance policies. Is it okay for a person to have more than one life insurance policy? If so, why would someone do that? — Victoria
Dear Victoria: There aren&rs...
Health insurance in the U.S. can be confusing. Many people don't have access to good coverage they can afford, and millions of people don't have any health insurance at all. There are plenty of big picture changes that the federal government...