The good news is...

we are living longer.

The earlier you consider long-term care coverage, the cheaper it will be.

What if

You become disabled and unable to work?

What would you and your family do for income?

Are you ready for retirement?

Preparing for your future is vital.

Most people have not sufficiently saved or planned for their lives in retirement.

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Annuities

With Americans living longer, and fewer employers offering pension plans, annuities have become increasingly popular. An annuity can be a great investment for your future.

Planning

Financial goals may include both saving for retirement and saving for a specific purpose. Some investments can be long-term. Others perhaps need to be more liquid.

Specialty Insurance

Whether your employer gives you a choice of plans or you need to purchase your own coverage, it is crucial that you understand your health insurance choices.

Since insurance and domestic partnership laws are different in each state, it’s best to consult with a financial advisor or lawyer who is familiar with laws affecting domestic partnerships in your state.

Life

Is your partner dependent on your income? Are you dependent on your partner’s income? If the answer is yes to either of those questions, consider purchasing a life insurance policy. You can name your partner as the beneficiary. When determining how much coverage you need, you should consider the following:

• Lost income
• Outstanding debts, such as a mortgage
• Estate costs

Health

Increasingly, many employers offer health benefits for domestic partners. If you have this option, you may want to consider adding your partner to your health insurance. Keep in mind that this may involve an additional payroll deduction. If you are both working, and have separate health insurance policies, you should take the time to calculate whether dropping one partner’s health coverage and adding that partner to the other’s coverage makes financial sense. You should look at:

• Payroll deductions for each plan
• Deductibles for each plan
• Whether your personal doctors are covered under each plan

Disability

If you are young and healthy, you may not have considered disability income insurance. Statistics show that the younger you are, the more likely you are to become disabled then die. Disability income insurance protects you and your partner financially if either of you has an injury or illness that results in the inability to work for a long period of time. Factors influencing the premium you will pay include age, gender, benefit amount, benefit period, current health status, your present job, and whether you smoke or not. The definition of disability will also have an effect on your premium. A policy that covers you for lost wages if you are no longer able to perform the duties of your present job is more expensive then a policy that pays benefits if you are unable to perform the duties of any job. Some companies offer discounts for policies on more than one person.

Long-Term Care

The importance of long-term care increases with age. However, more people are beginning to buy coverage in mid-life. It may not be practical to purchase the insurance before age 50. It will increase in cost at age 60 and 70. It is also important to remember that new insurance becomes unavailable to people on their 80th birthday, so locking in coverage before then is important.

Financial Planning

It makes sense to consult with a financial advisor who is experienced in domestic partnerships. It is important to have a will and clearly spell out who you want to inherit your assets. To the extent possible, establish joint accounts for your checking, savings and investment accounts. Most individual retirement accounts require you to specify a beneficiary. The last thing you want is a family feud over your estate after you are gone.

retirement planning

Retirement Planning

By the time you retire, your accumulated wealth is probably at its height. The challenge now is to manage your assets so that they last as long as you do. Insurance still plays an important role at this stage of your life.

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financial planning

Financial Planning

Establishing a solid financial foundation should be a priority, including insurance in the mix. It’s important to understand what affects the cost and availability of insurance.

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College Funding

A major issue for families with children is how to best prepare to send the kids to college. The cost of tuition and room and board for four years now approaches $40,000 for public universities and exceeds $73,000 for private schools.

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domestic partners

Domestic Partners

It makes sense to consult with a financial advisor who is experienced in domestic partnerships. Most individual retirement accounts require you to specify a beneficiary. The last thing you want is a family feud over your estate after you are gone.

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employment change

Employment Change

Many people obtain certain kinds of insurance through their employment, particularly health and disability coverage. Larger businesses may also offer retirement benefits, such as a 401(k) account. When changing jobs, rearranging coverage and finding out which accounts are portable becomes very important.

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Life Stages

Single

Single

You are part of the work force and...

Married

Married

The joining together of two lives i...

Domestic Partners

Domestic Partners

Since insurance and domestic partne...

Raising Children

Raising Children

Children are the future. We need to...

Students

Students

When a teenager gets a license, it’...

Employment Change

Employment Change

Many people obtain certain kinds of...

Senior Years

Senior Years

By the time you retire, your accumu...

Divorced

Divorced

Since nearly half of all marriages...