Biden Proposes Changes to Student Loan Repayment
Why it matters Relief may be in sight for millions struggling with student loan debt. 1 Undergraduate loan payments could potentially be cut in half for many student loan...
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Change Has Finally Come to the Insurance Industry
Why It Matters: The industry is changing rapidly, creating a better customer and producer experience. Carriers have increased the risk they’re willing to accept on accelerated...
Financial glossary
… Distributions start at retirement age but participants can also take distributions if they change jobs or in certain emergencies. Participants can choose to take distributions as a lump … determines the amount of VA payments or the person who receive annuity payments. Annuity A form of insurance contract that provides a stream of periodic payments, typically for life. … Some well-known benchmarks are the Dow Jones Industrial Average and the S&P 500 Index. Beneficiary The person or party you've chosen to receive the benefits from your life insurance …
How to Create a Will in 6 Steps
… at the time of your death that has a value — whether it’s a lot or a little. Items that have a beneficiary already designated, such as a life insurance policy, do not need to be listed as … financially? Are their values and beliefs in line with yours? Will children need to move or change schools? Should you consider identifying a co-guardian? Once you’ve identified a guardian …
Inheritance Annuities — Know Your Annuity Contract
… claim the inherited annuity. Sometimes, annuity owners opt to keep an annuity whole for one beneficiary, spread it out for different beneficiaries, or even include non-profit organizations. … for qualified plans. However, this option is only available to “eligible designated beneficiaries.” To qualify as an eligible designated beneficiary, the person must meet at least …
How Life Insurance Has Changed Due to Coronavirus
Why It Matters: A recent Life Happens survey shows that because of the pandemic, 30% of families are now talking about life insurance coverage. 1 In the same survey, 25% of...
Buying an annuity: A step-by-step guide
… company will continue to regularly pay you the same amount. 4 Leave a legacy By selecting a beneficiary, you can pass your annuity value on to a loved one. Doing so could also help avoid … consider how you’ll fund it. If you’re funding it with another retirement account or 1035 exchange, work with a financial advisor to ensure the transaction is completed properly so you …
Privacy policy
… to this Statement (the “Online Services”). We understand that the privacy and security of your information is important to you. This Statement describes how we collect, use and share your information. This Statement does not apply to information collected or received through other … Service tools, calculators, and other resources that request your, your family’s or your beneficiary’s information; access other applications and services from the Online Services, such …
What You Need to Know about Paying for Caregivers
Why it matters Someone turning 65 today has an almost 70% chance of needing some sort of long-term care. 1 According to the AARP, 48 million Americans are unpaid family...
How do annuities work?
Why it matters An annuity can provide steady income that may help protect you from outliving your retirement savings. Unlike 401(k)s and IRAs, annuities don't have...