A Life Insurance and Annuities Resource (9)

7 min read

30 Phrases to Know Before Buying Life Insurance

1) Insured The insured is the person whose life is covered by a life insurance policy. 2) Policy Owner The policy owner is the person who has the right to make changes to the insurance contract. They ...

Aug 26, 2021 | 3 min read

Want to Grow Your Retirement Income? Consider a Deferred Annuity

If you’re nearing retirement and have already built substantial savings, a deferred annuity can help you supplement your retirement income b...

Jun 24, 2021 | 3 min read

What Is Liquidity in a Life Insurance Policy?

The liquidity of an asset refers to its ability to be converted into cash. In addition to the death benefit they provide, permanent life ins...

May 12, 2021 | 3 min read

How Can an Annuity Help Me Meet Medicaid Eligibility Requirements?

Most Americans will need long-term care. While many of us don’t give much thought to needing long-term care services, the fact is that most ...

Apr 30, 2021 | 2 min read

5 Mental Health Tips & How ELCO Takes Care of Its Employees’ Mental Health

May is Mental Health Awareness Month. We hear all the time about how we can take care of our physical bodies. Doctors tell us to eat healthy...

Apr 30, 2021 | 3 min read

How Does an Annuity Work?

An annuity is a financial product that, in exchange for one or more up-front payments, provides a stream of income to the annuity holder (an...

Mar 31, 2021 | 3 min read

Are Life Insurance Benefits Taxable?

One of the great benefits of life insurance is that in most cases, it allows you to transfer a sizable amount of money to a beneficiary with...

Jan 26, 2021 | 3 min read

Showing Your Love with Life Insurance

February is Insure Your Love month! Purchasing life insurance is a way to show your loved ones you care by protecting their financial securi...

Dec 17, 2020 | 3 min read

Long-Term Care Insurance vs. Accelerated Death Benefits

While we may not like to think about it, many of us will need long-term assistance with meeting our health and personal care needs at some p...

Dec 10, 2020 | 10 min read

Deferred Annuities vs. Immediate Annuities: What’s the Difference?

For many Americans, the events of recent years have really highlighted the importance of having reliable income streams to help us fulfill o...

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