Your Guide to Insurance Needs Following a Divorce or Separation
Posted: January 17, 2014
Whether you are married or living with a partner, the process of ending a relationship can be extremely complicated. Many aspects of your life will be affected, including your insurance needs, according to the Insurance Information Institute (I.I.I.). “When discussing the financial aspects of a divorce or a break-up, insurance considerations should be a key component in ongoing and final decisions,” said Jeanne M. Salvatore, senior vice...
Do "Empty Nesters" Need Life Insurance?
Posted: August 13, 2013
Quite possibly. Here are 10 reasons to own life insurance after your kids have left home: To meet goals If your children are in college and/or not completely financially independent, life insurance can help “finish the job.” Although you may have saved enough for tuition, the kids’ living expenses (e.g., room and board, laundry, entertainment/activity costs, etc.) continue, but not Social Security benefit payments for...
