Selecting where to live later in retirement is a big decision that involves one new major consideration: our health care. The big question is: Will we each make the last housing decision on our own and ahead of time; or will we have a non-choice thrust upon us when a health crisis hits?
Life is filled with risks. While stock market, economic, or political risk is widely discussed in the press, there are other risks that financial advisors and clients must consider. One of the biggest and most uncertain risks has to do with the future high-cost medical care that is not covered by insurance.
Most individuals are covered for personal liability under their homeowners and automobile policies. There are limits, however, to the amount of protection these primary policies provide.
There are two basic categories of life insurance: term and various forms of cash value life insurance. Today, I am going to talk about term life insurance and ways to use it more creatively to not only obtain a more appropriate amount of long-term protection, but also to save money.
The Affordable Care Act (Obama Care) has changed the way many will buy and access health insurance. While most employed individuals will simply continue to receive their health insurance via their employer, there will remain times when clients may need to go the health insurance exchange.