To get the conversation rolling, bring up a story where financial reassurance helped a family to cope. “Do you have life insurance?” Asking this simple, straightforward question is often the best way to begin a discussion with your adult child about an important decision: obtaining life insurance for a more...
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....
By Walter H. Zultowski, Ph.D For most of us, the word “inheritance” conjures up a positive image. However, there is another type of inheritance that is less frequently discussed – debt. A recent study by Securian Financial Group1 provides some interesting perspectives on this topic. One is that a significant...
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...
