What are the 4 components of financial health are financially healthy tend to have better physical, mental, social, and family health. On all measures of health, those who are the most financially vulnerable do not perform as well as their more financially-healthy counterparts
Life insurance is often associated with young individuals starting families or individuals in their prime earning years. Seniors, can greatly benefit from having life insurance coverage. In fact, there are several compelling reasons why seniors need life insurance now more than ever. In this blog post, we will explore five key reasons why seniors should consider obtaining life insurance to protect themselves and their loved ones. Financial Security for Dependents Even in later stages of life, seniors may have dependents who rely on their financial support. Even if it's adult children, grandchildren, or disabled family members, life insurance can provide a financial safety net in the event of the insured senior's passing. This coverage ensures that their dependents are taken care of and can maintain…
Planning for the future can often be an uncomfortable and sensitive subject, especially when it comes to discussing topics like final expense or burial insurance. However, it's crucial to face the truth head-on: all of us will eventually pass away, and none of us know when or how. That's why it's essential to consider these matters while we still have the opportunity. The good news is that in today's market, there is an abundance of life insurance options available, each offering great benefits and providing the peace of mind you and your loved ones deserve. In this blog post, we will explore the coverage you need when purchasing your final expense insurance policy, providing you with valuable insights to make you confident in making a decision. 1. Understanding Final Expense…
Life insurance is an essential financial tool that helps you provide for your loved ones in case of your untimely death. It offers financial protection and ensures that your family can continue their lives without struggling to make ends meet. However, not everyone realizes the importance of life insurance, and this is reflected in the death rate of Indiana residents without insurance plans. According to recent statistics, Indiana has one of the highest death rates for residents without life insurance. The death rate among uninsured individuals is nearly 50% higher than those with life insurance coverage. This highlights the urgent need for Indiana residents to understand the importance of life insurance and invest in a policy that suits their needs. One of the major reasons for the low number of…
When it comes to death, no one actually wants to deal with the cost and funeral expense. However the reality is funerals in United States are shockingly expensive. According to the National Funeral Directors Association, average funeral costs in 2023 are over $11,000. This includes basic services like transportation of the deceased, embalming, and a casket. However, it doesn't account for other expenses like burial plots, headstones, and memorial services. When you add these costs, the total can easily exceed $20,000. The Impact of Rising Funeral Costs Funeral costs have been steadily rising over the years, and the trend is expected to continue. In fact, the cost of a funeral has increased by more than 28% over the past decade alone. This means that if you're not planning for these costs,…
Home -- it's where children grow and learn, the place where they find comfort, love and care. It's where they can see, touch, explore and experience the world around them, so their minds and bodies develop properly. It's also a place where children need to feel safe. However, home injuries are a leading source of accidental death for children. Almost 21 million medical visits and 20,000 deaths each year are the result of accidents in the home source: Home Safety Council. Media reports bring attention to the possible accidents that can occur, such as being bitten by a trusted pet, choking on balloons or wandering out the front door. Fortunately, home injuries are largely avoidable through education and prevention. Parents can take proactive steps to childproof the home and keep their children safe…
