Taking out a life insurance policy can give you peace of mind that your loved ones are protected after you’re gone. However, as you make arrangements for the unexpected in life, it’s important for you and your beneficiaries to understand just how long it takes life insurance to pay out upon your death.

People work their entire lives, looking forward to a comfortable retirement. But what happens when your retirement income fails to cover the cost of your expenses? When seniors find themselves struggling financially in their retirement years, the consequences can be intense stress and strain on both the senior and their relationships; seniors and their loved ones can be left worrying what options are available to them.

If you’re thinking about selling your life insurance policy for cash, you’re likely weighing a list of pros and cons. After all, selling a policy you’ve owned for years can make you feel a bit apprehensive. Whether you’re looking for a way to offload monthly premiums or you need cash quickly to pay for retirement costs, it’s best to think through every single benefit and disadvantage before selling your life insurance policy.

Deciding what kind of life insurance you need can be tricky. After all, there are different kinds of life insurance to consider for your unique needs and life circumstances. In this guide, you’ll learn what variable universal life insurance (VUL) is, how it works, and why it may (or may not) be a great fit for you. Let’s dive into the world of variable universal life insurance and explore its features!

Most people buy a life insurance policy as a way to protect loved ones and cover costs in the event of the policyowner’s death. While a life insurance policy can be a wonderful safety net — and even a smart financial investment — some life situations may cause you to rethink whether owning your life insurance policy is worthwhile anymore. After all, unexpected medical expenses, increasing costs of retirement living, and financially-independent beneficiaries can make paying rising premiums a tough pill to swallow.

Whether you’re considering purchasing a term life insurance policy, or currently own one and are looking to what’s next as you approach the expiration date, it’s important to understand your options.

As you approach retirement, have you thought about how to maximize Social Security benefits? Having a solid Social Security strategy in place during retirement can help you get the most out of your benefits — and identify where you may need to supplement your income. While monthly Social Security payments are a helpful addition to retirement savings, they’re not designed to be the sole source of income after retirement. Luckily, there are several strategies that can help seniors like you make the most of their Social Security payments. Take a look at the helpful Social Security tips below to maximize your benefits.

As seniors reach their golden years, it should be a time of prosperity, rest, and reflection on the years of hard work they put in. While some folks are able to enjoy abundance in their later years, the reality is that many older Americans don’t have all the means necessary to thrive later in life. If you fall into this category, you may find yourself wondering what benefits are available for senior citizens like me?