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The pros and cons of term life insurance vs. permanent life insurance

Higginbotham

One of the first and most important responsibilities embraced by every breadwinner is life insurance. Should they lose your support, life insurance will immediately pay your beneficiary the cash value of the life insurance policy, with no taxes owed, providing a lifeline to resolve debts and pay living expenses.

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4 considerations when choosing employee benefits for the first time

WEX Inc.

Pet benefits: For those who consider their furry friends part of the family, pet insurance and other forms of pet benefits can help cover unexpected veterinary costs. Supplemental life insurance: While your employer might offer a basic life insurance policy, supplemental life insurance allows you to tailor coverage to your unique needs.

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Keep Track of Your Beneficiaries

Money Talk

Who is going to get what you someday leave behind in life insurance policies and/or tax-deferred retirement accounts? Beneficiary Use- Beneficiary designations are required for life insurance policies, individual retirement accounts (IRAs), employer retirement savings plans (e.g.,

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

In the final blog post of our three-part series to educate first-time participants, we explore all the unknown voluntary benefits terms and bring clarity of information to first-time participants. They can genuinely improve your quality of life. The information in this blog post is for educational purposes only.

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Highlights from an Estate Planning Seminar

Money Talk

A/B trust) without explaining them, disparaged the probate process repeatedly, and occasionally presented dated information (e.g., In addition, he distributed a so-called “Consumer Survey” at the end, ostensibly to solicit feedback on the seminar but primarily to harvest participants’ personal information (e.g., If not today, when?

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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. To convert life insurance policy cash value into income and stop making premium payments, 3. Medicaid planning, 2.

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Building Generational Wealth

Money Talk

Transfers are often made through lifetime gifts and inheritances received by younger generations via wills, trusts, and beneficiary designations on life insurance and retirement savings accounts. Example: my grandparents, parents, and me. It can also occur by teaching younger generations “how to fish” to create their own wealth.