Insurance

/Insurance

Life Insurance with a Refund

Comparatively speaking, of all the different types of life insurance available, term is usually the least expensive. Generally, term life insurance provides protection for a stated or defined period of time, usually from one year to 30 years. If you die during the coverage term, your beneficiary receives the death benefit from the policy. But what if you outlive the term? With return of premium (ROP) life insurance, you receive the return of all your premium payments at the end

Medicare: Complicated or Complex?

As Autumn arrives, we start to see a lot of attention being given to two things: political campaigns and Medicare Insurance. I won’t even try to address the former in this blog. (As an aside: My hope is that those who are able, will go to the polls on Election day and vote for the candidates of their choice. Participation does matter.) As for the latter, I often hear from clients: “Why does Medicare need to be so complicated?” While

Insurance Planning for the Beginner

I met with a young couple a few weeks ago.  They have 2 young children, both work full time, and were ready to learn more about how to develop a financial plan. In their middle thirties, Tanya and David have a combined annual income of $119,000. They have student loans of nearly $58,000, some credit card debt, and a new mortgage of $190,000.  The couples’ situation is familiar, and not uncommon. Recently, a friend’s serious illness motivated them to contact my

Marathon Financial Advisors 2018 Events

Marathon Financial Advisors 2018 Events Tackling Topics to Gain Financial Understanding Like many of you, Marathon Financial Advisors is taking a look back to reflect on some of the ways we served our clients in 2017. One of the more successful endeavors last year was offering the educational seminar “2Young2Retire” with Leslie Rose McDonald, an event designed to shed light on a subject of interest to our clients and others as they make financial plans for their future.

Five Myths About Group Disability Insurance

You may think that the chances of becoming disabled during your working years are slight, and even if you did get hurt or had to miss time at work, you could get by because you have group disability insurance. Unfortunately, you may be in for a big surprise. Here are some myths and misunderstandings about group disability insurance. Myth 1: It won’t happen to me. You’re not really worried about your group disability insurance coverage because you’re sure you won’t suffer a

What are some tips for reviewing my Medicare coverage during Medicare Open Enrollment?

During the Medicare Open Enrollment Period that runs from October 15 through December 7, you can make changes to your Medicare coverage that will be effective on January 1, 2018. If you’re satisfied with your current coverage, you don’t need to make changes, but it’s a good idea to review your options. During Open Enrollment, you can: Change from Original Medicare to a Medicare Advantage plan, or vice versa Switch from one Medicare Advantage plan to another Medicare Advantage plan Join a Medicare prescription

Back to Basics: Insurance for Every Need

Recently, I was dramatically reminded of the need for a conversation about insurance planning as a part of any discussion of financial planning and goals. We often think of planning for a secure retirement as being all about what we have saved in our 401(k), other retirement plans and investment accounts.  We take great care in crafting a suitable portfolio and allocation to fit an individual or family’s risk tolerance and time horizon.  We carefully monitor the investments, with money managers