If you asked me about whole life insurance a few months ago, I wouldn’t even know where to begin. Whole life insurance? Doesn’t that mean your kids will get money after you die? Most people think that’s only what it does, but the truth is that’s only a fraction of it. Whole life insurance functions…
It seems as though the semesters run one into another and the bills just keep coming. Paying for college seems never to end. The good news is, since we have life insurance we don’t have to borrow a lot in student loans or pay high interest rates to a bank for parent loans. What does…
We get them every month; those statements that remind us that we’ve got student loans or had some other emergency that took a credit card to pay for. What I often forget is that I have a savings account of sorts, that I have been paying into for a number of years, building cash value…
One of my best friends is facing retirement and isn’t quite sure he’s ready. He has spent his career paying into the Social Security system, so he will have that income; and he has an employer sponsored 401K, his own Individual Retirement Account and some other moderate investments. That should be enough, right? My friend is nearly…
“I already have a term life insurance policy through work that will pay triple my salary if anything happens to me. I really don’t need anymore than that, right?” The simple answer is, you only need that term insurance policy if you don’t plan to outlive your employment. That policy only covers you for the…
“We’re a small company with only a handful of employees. We can’t afford to provide them benefits, but we’d like to offer them something. What can we do?” At Work Advantage is perfect for situations like yours. There is no cost to you as the employer, but the Voluntary Benefits provide a portfolio of insurances…
“I’m trying to decide whether to purchase Term Life or Whole Life and can’t make up my mind. What is the biggest difference?” The biggest difference is that a Whole Life policy actually earns you money over the life of the policy. Term Life won’t. When my parents had me and my siblings purchase Whole…