Insurance experts typically advise people to protect their families with coverage equal to between five and seven years of their annual income – and potentially more if there are young children or older dependents to care for.Read More
The battle against breast cancer touches nearly every family in the United States. After decades of research, improvements in detection and more aggressive treatments, considerable progress is being made against this dreaded disease.Read More
When its owner for more than four decades passed away suddenly, Troy Belting and Supply Co in Watervliet, N.Y. could have collapsed, as do many family businesses that lose their leaders. Instead, the company continued to operate and grow, thanks in part to a succession plan funded by life insurance.Read More
To help look after future generations, many people elect to transfer property and life insurance policies by gift or at death to a person two more generations below himself or herself. Typically, this means grandchildren and great-grandchildren, also referred to as skip-persons. The goal is to have assets pass from grandparent to skip-persons without being taxed in the child’s estate.
Typically, the transferor places assets in trust to children for life, then to grandchildren. Or, the transferor gives property to grandchildren or places it in trust for their benefit.Read More
While teachers might generally be considered to have a relatively danger-free workplace, the Johns Hopkins school of medicine says that many of them could be at risk for problems with their vocal cords given the constant strain placed on them in loud classrooms.Read More
Combating senior fraud and how the states are coming to grips with their own problems.Read More
Children and spouses are just one group of dependents that may require cash proceeds from a life insurance policy. Age and direct ties to your family are a couple things to think about if the worst should happen to you.
Distant relatives, ex-in-laws, foster children, and child support for any illegitimate children may also require additional streams of cash, notes Edward Graves, author of “McGill’s Life Insurance.”Read More
You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.
Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.Read More
The Radiological Society of North America released a study indicating walking may slow mental decline in adults with Alzheimer’s disease.Read More
The National Children’s Health Study has been launching a long-term research project in San Diego to determine how the environment affects the health and development of a child.Read More