/Protection

Life insurance is more than death protection. Learn about the living benefits of life insurance.

Plan Ahead for the Financial Stages of Life

President Lincoln once said, “If I had six days to chop down a tree, I’d spend five of them sharpening my axe.” Sometimes, planning for an event can take longer than the event itself. This is particularly true when it comes to planning a secure financial future. Many people put off financial planning, especially during uncertain economic times, because they either don’t know where to begin or they don’t think they have enough money to make it worthwhile. The truth is there is never an ideal time or place to begin, and there is no specific level of income or assets [...]

2019-01-03T15:47:56-04:00December 20th, 2018|Categories: Protection|

Why Should Newborns and Children Should Have Life Insurance?

Let me start by saying that within a month of our son’s birth I had a permanent life insurance policy put in place. The last thing in the world I want to happen is to make a claim on those policies, in fact I am 100% certain I will not. So why did I do it? Here are three reasons why this is one of the best ways to set up your child for the distant future and why they will thank you for it later. 1. It’s extremely affordable. It’s so affordable that both policies will be completely paid [...]

2019-01-03T15:42:50-04:00December 7th, 2018|Categories: Protection|

5 Reasons Why People Buy Long-Term Care Insurance

Long-Term Care. Whether in a nursing home, assisted living facility, or in-home care, there is a very likely chance of a person needing some type of skilled or custodial care in their lifetime. According to studies done by AARP, about 70% of people who reach age 65 are expected to need some form of care at least once in their lifetime. Other than the obvious reason of the high likelihood of needed LTC, let’s look at 5 reasons my clients have decided to buy LTC Insurance. Choices – People like to have the choice of where they receive their care. Some [...]

2019-01-03T15:50:09-04:00July 7th, 2018|Categories: Protection|

Learn the Medicare Alphabet

Part A: Hospital Insurance Part A is one of two parts that make up original Medicare. It helps cover inpatient care in hospitals, care in skilled nursing facilities, hospice care, and some home health care. Part B: Medical Insurance Part B is the second half of Original Medicare. It helps cover certain services from doctors and other health-care providers, outpatient care, home health care, durable medical equipment, and some preventive services. Part C: Medicare Advantage (MAPD) Part C covers all Part A and Part B benefits and services; may offer additional coverage, like vision, hearing, and dental; and may also [...]

2018-12-07T16:58:39-04:00June 14th, 2018|Categories: Protection|

Where Will Bitcoin be 1 Year from Now?

An accurate estimate of where the value of Bitcoin will be a year would be difficult, but one thing is fairly certain; Bitcoin is not going anywhere. Before discussing Bitcoin as a currency, it is critical to first define what currency is: Currency (noun): 1. Money in any form when in actual use as a medium of exchange. 2. Transmission from person to person as a medium of exchange. Money (noun): Any clearly identifiable object of value that is generally accepted as a payment for goods, services or repayment of debts.  Throughout history, there have been many forms of currency.  Gold and [...]

2019-01-03T15:47:05-04:00May 7th, 2017|Categories: Protection|

What Every Grandparent Should Know About Gifting

When it comes to most client meetings with my retiree crowd there are similar discussion points that arise time and time again.  These include a quick review of income needs with any changes that may have occurred, concerns about the stock market volatility with the new administration in our nation’s capital, or another Q&A session about our long-term care strategy.  However, once those adorable innocent grand babies enter the picture, we add a new discussion point to the agenda GIFTING!  It’s so very important to us from an emotional standpoint to help the next generations have a leg up on [...]

2019-01-03T15:04:26-04:00April 11th, 2017|Categories: Protection|

What’s Your Savings Style?

When I first start talking with younger clients, the two questions I get most are, “How much money should we be saving, and where should we put it?” These are great questions not only for people just starting their financial journey but for seasoned savers too.  The answers will differ for each person and depend more on personality than how much they can save.  For example, I have clients who are interested in saving money and like the idea of riskier strategies that could produce greater returns.  I also have clients who want to save with very little or no [...]

2019-01-03T15:28:16-04:00March 23rd, 2017|Categories: Protection|

Life Insurance Trends in 2017

The election of President Trump, indications of increased interest rates, rising political populism in Europe, and a general air of uncertainty has created challenges – along with opportunities – for advisors and their clients. As we survey the marketplace and try to anticipate the potential impacts of tax reform, market volatility, economic expansion and geopolitical shifts, these are themes, trends and insurance solutions we anticipate in 2017. Death and Taxes While they are the only certainties in life, exactly what those taxes will be … in life or at death … are a bit up in the air. For the life insurance [...]

2019-01-03T15:40:39-04:00February 16th, 2017|Categories: Protection|

Main Office

161 Washington Street, Eight Tower Bridge, Suite 700, Conshohocken, PA 19428

Phone: 610.771.0800

Fax: 458 761-9562

Web: 1847financial.com