, Life Insurance Helps Your Child Qualify for Federal Student Aid


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Life Insurance Helps Your Child Qualify for Federal Student Aid

Find out how some families are lowering their taxable income...with life insurance.

When your student applies for federal student aid (with the dreaded FAFSA form), his or her eligibility depends on your taxable income.

The problem is...many forms of income that don't count on your income tax do count for the purposes of federal aid eligibility. They include:

Why Long-Term Care Planning is Essential for Boomers

Without long-term care insurance, the cost of a nursing home stay or a home health care aide could wreak havoc on your finances and whittle away at that nest egg you've worked so hard to build. As millions of baby boomers in the United States reach old age every year, experts predict the number of long term care patients will double over the next 30 years. What does that mean for you? It means that if you don't have a long term care plan in place, you and your family may have to face some ...

Amid COVID Crisis, Many Savers Eye Fixed-Term Annuities

A fixed term annuity provides a regular retirement income for a number of years.Pension and life insurance companies are reporting a major up tick and demand for fixed term annuities since the coronavirus outbreak started, with the number of applications almost 4 times higher in May than at the beginning of the year. The increased interest is from people who are concerned about the uncertainty COVID 19 has created as well as the ensuing stock market volatility. The coronavirus ...

Teen Drinking and Your Liability

Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.Despite the overwhelming research documenting the health and behavioral consequences of underage drinking, some parents believe that allowing minors to drink under their supervision may lead to more responsible drinking in their adult years. Other parents believe that allowing minors to drink in the home is a better alternative to drinking outside the home.Regardless ...