- Life InsuranceTerm life insurance offers cost-effective premiums, straightforward processes, and customizable coverage to protect loved ones and adapt to changing needs.
- Health InsuranceOne of the expense categories you'll certainly want to account for are health care expenses, which will likely represent one of your biggest costs even in your late 40s or early 50s. In the near term, that includes things such as health care insurance premiums and out-of-pocket costs, such as deductibles and coinsurance. You may also have to shop for health insurance plans on an exchange since most people aren't eligible for Medicare until 65.
- Disability InsurancePotential Overlap with Other Policies: If you already have comprehensive health or disability insurance, there may be some overlap in the coverage provided by a critical illness rider, leading to redundant coverages.
- Long Term CareAn Accelerated Death Benefit Rider (also known as Terminal Illness Rider) allows the policyholder to receive a portion of the death benefit early, while still alive, under specific circumstances. The funds received can be used for any purpose but are often utilized to cover medical costs, long-term care services, or to improve the quality of the policyholder's remaining life.
- AnnuitiesWhen preparing for retirement, it is important to save adequately, invest wisely, budget carefully, manage debt, plan for Social Security and healthcare, and explore options like annuities to help secure your financial future.