Americans approaching retirement may anticipate changes in income, but those changes don’t need to affect how they support their dependents. If you’re worried about not being able to maintain your current lifestyle in retirement, you’re not alone. But looking beyond simply funding your own retirement lifestyle, a broader concern could...
By Walter H. Zultowski, Ph.D The insurance industry’s Society of Actuaries recently completed a survey1 of the public’s perception of their financial risks in retirement, and how they plan to manage them. In this research, there was one statistic that gave me pause. More than half of today’s pre-retirees (52 percent)...
According to the 2016 Amica Life Financial Peace of Mind Survey, consumers age 25 to 70 most often purchase life insurance to help take care of their loved ones after they’ve passed away. Across age groups, the top reasons cited for purchasing life insurance were to: Provide their spouse or...
Do you have a mortgage, a spouse, children or other family members who depend on you and your income? No matter what stage of life you’re in, it’s important to consider several factors, such as those below, to help determine if your life insurance covers all of your unique needs....
Simultaneously supporting grown children and aging parents can put a financial squeeze on middle-aged adults. Raising children is demanding and expensive enough without the added responsibility of supporting aging parents at the same time. But many people find themselves in that very position. Meet the “sandwich generation,” and while their...
Take a look at how sales and customer service representatives can offer valuable support. Compared with other types of insurance, buying life insurance is unique in that it makes payments to beneficiaries, not the policyholder. After all, you’re purchasing something that will help protect the financial well-being of your loved...
