Baby Boomer and Life Insurance / Senior Life Insurance Agency

CERTAIN STATES MAY MAKE EARLY RETIREMENT MORE FEASIBLE

Most people struggle to retire on time because they can't afford to, so thinking about retiring early may seem impossible. If you have a dream of retiring early, then you may want to consider where you live. According to a study done by SmartAsset, there are certain states that offer a better chance of early retirement. Living in, or moving to, one of the states at the top of the list may help you achieve an earlier retirement. To get the results, the company collected data on seven factors: effective tax rates, health insurance costs, non-housing cost of living, housing costs, property tax rates, doctor’s offices per 10,000 residents and entertainment establishments per 10,000 residents. Below is the list of the top 11 states that may up your chances for…

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May 15, 2020
Baby Boomer and Life Insurance / Death Burial Insurance Life Insurance / Life Insurance Merrillville / Senior Cremations

RETIREES MOVING TO… COLLEGE?

If you plan on relocating during retirement, there is one type of location that may not be on your radar, but it should be. College towns. According to a U.S. News & World Report article. there are many great reasons why moving to a college town in retirement is a smart idea. And it seems like many retirees are already in the know. College towns boast many events and venues that are perfect for retirees. Universities have a packed schedule of sporting events, concerts, guest speakers, art exhibits, festivals, theater productions etc. Being near a college gives you an endless supply of things to keep you enlightened, connected to the community, and just plain busy. Access to quality medical care is usually, and should be, a top priority when deciding…

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May 15, 2020
Baby Boomer and Life Insurance / Life Insurance Merrillville / Senior Life Insurance Agency

A SHORT-CUT TO LIFELONG LEARNING FOR SENIOR…

When executives attend conferences and symposiums to improve their leadership skills, they often hear “Nurture your curiosity. Stay hungry for knowledge. Be a lifelong learner. “ What does lifelong learning actually mean? It means don’t get stale. Don’t stop adding to your knowledge base. Find and develop new interests. When we’re children, we’re mandated to attend school until we’re 16, 17, or 18 – depending on our particular state’s law. American society fully embraces going on to college or to vocational training. Some companies pay for their employees’ continuing education. After that – you’re on your own. Some people turn to the online options – podcasts, webinars, and MOOCS, which are massive online open courses. They don’t mind being plugged in for a few more hours a day. But if…

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May 15, 2020
Baby Boomer and Life Insurance / Burial Insurance Gary, IN / Death Burial Insurance Life Insurance

Why Baby Boomers Are Extending Their Working Lives Into ‘Unretirement’

The old idea of “retirement”?a word that means withdrawal, describing a time when people gave up productive employment and shrank their activities?was a short-lived historical anomaly. Humans have always found meaning and motivation in work and community, and the boomer generation, poised to live longer in better health than any before, is already discovering a new type of retirement planning called “unretirement”?extending their working lives, often with new careers, entrepreneurial ventures, and volunteer service. In Unretirement  (Bloomsbury Publishing, 2016), Chris Farrell details how their experience, wisdom?and importantly, their continued earnings?will enrich the American workplace, treasury, and our whole society in the decades to come. The following excerpt is from the book’s first chapter: “Work Long and Prosper.” Two titans of the New Deal were Harry Hopkins and Henry Morgenthau Jr. Hopkins…

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May 15, 2020
Baby Boomer and Life Insurance / Burial Insurance Gary, IN

Is it time you developed a Baby Boomer replacement plan?

As well are all painfully aware... This trend is most likely going to impact smaller privately held companies even harder given that many are also owned and lead by baby boomers and typically have much smaller work forces from which to groom knowledgeable replacements for retiring experienced workers. Recently MiddleMarketGrowth.com published an enlightening piece that examines this movement in great detail. This is how they described the current employment trend: Despite the doom and gloom of recent economic news, the middle market continues to outpace large-cap companies and global corporations in business growth, M&A and workforce expansion. Most middle-market business leaders are well aware of the “war for talent” that exists today. Attracting and developing talent has been and will continue to be the No. 1 constraint on growth for midsize companies. The bad news…

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May 14, 2020
Baby Boomer and Life Insurance / Burial Insurance Gary, IN

Pairing Gen Z with Baby Boomers: The value of cross-generational mentoring is here…

It seems like just a few years ago that managers and HR professionals everywhere were talking about the impact of Millennials in the workplace. Millennials, also known as Gen Y, were different from Gen X and Baby Boomers. The first generation to have grown up with hyper connectivity and social media, they had their own distinct views of why and how to work. Those views initially shook up the workplace, but now, approximately two decades later, they’ve reshaped it. Flex work and telecommuting are becoming more and more the norm, as are other employer perks that facilitate a good work-life balance. Companies strive to demonstrate social responsibility and provide meaningful work in order to attract top Millennial talent. And the fact that the gig economy is gaining ground appears to suit Millennials, who are…

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May 14, 2020
Burial Insurance No Med Exam or No Waiting Period / Funeral Preneed Insurance

How Can I Celebration My Life? By Preplanning Burial etc.

You know you’re unique person… and not like most people, you probably have certain ideas about how you want your life celebrated and remembered. As with all the important milestones accomplished over your lifetime, planning your end-of-life celebration should be done with careful thought. The death of a loved one is a very difficult time for everyone. Yet, during this period of grief and emotional readjustment, family members and friends are often confronted with dozens of decisions about the memorial services. What would our loved one have wanted?What kind of funeral should it be?What should be included?Who needs to be notified?How much will it cost? By preplanning, these questions and many more will be answered in advance so your family is relieved of that burden. Preplanning involves making choices about…

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May 14, 2020
Burial Insurance No Med Exam or No Waiting Period / Funeral Preneed Insurance

Increasing Term Life Insurance… What Is it?

Whether you’ve got a bigger house or more kids in your future, an increasing term policy can help ensure the money is there to help protect them. What Is an Increasing Term Life Insurance Policy? Life insurance helps you protect your family financially, even if you’re no longer there. When you die, your life insurance company pays out a lump sum that your family can use to pay for day-to-day expenses, your funeral costs, leftover debt, or whatever else they need. Term life insurance plans keep you covered for a set period of time, typically 10 to 30 years. Most term policies are level term, which means your premiums, or payments, and your death benefit stay the same year after year. In some cases, though, you may need an option where…

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May 14, 2020
Burial Insurance No Med Exam or No Waiting Period / Funeral Preneed Insurance

What Is a Life Insurance Medical Exam?

When you apply for a traditional life insurance policy, you may need to take a medical exam before you can be approved. The medical exam gives your insurance company an accurate picture of your health, which helps to determine if you’re eligible for coverage and what your rates will be. During the exam, a medical professional will perform a basic physical and ask a few health questions. Life insurance medical exams don’t cost you anything and are designed to be simple and convenient. If you’re concerned about taking a medical exam for health reasons or want a quicker approval, a guaranteed issue or simplified issue policy might be a better choice for you. What to Expect During a Life Insurance Medical Exam Once you’ve applied for a life insurance policy, the medical exam takes place as…

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May 14, 2020
Burial Insurance No Med Exam or No Waiting Period / Funeral Preneed Insurance

Decreasing Term Life Insurance

Looking for coverage during a short period of time? Decreasing term life insurance can offer the flexibility and affordability you and your family need. What is Decreasing Term Life Insurance? Term life insurance plans keep you covered financially for a set period of time. With a decreasing term life insurance policy, the death benefits for the plan decreases over time. These plans are generally more affordable than other types of term life insurance, making them a smart choice if you just need insurance to cover a temporary need or plan to leave little to no debt for your family to payoff. How Does Decreasing Term Life Insurance Work? With term life insurance, you can choose from a variety of different term lengths, usually between five and 30 years. If you…

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May 14, 2020
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