Trusted Expert Network.com

I wanted to inform you of an important concept that our readers should be aware  of. As a certified financial planner concentrating in the Eldercare marketplace Ive always advocated that a Parent should be actively involved in the process of choosing  a preferred method of care if and when it became necessary for him /  

There’s nothing more disturbing than to see an individual using an inappropriate Life Insurance product for their needs.  For example if one wants to have maximum protection with the lowest cost possible, for a specific time period say 5-30 years ending by age 80) you should only consider Term Insurance.  An example of where this is appropriate involves the breadwinner of a young family desiring to provide maximum coverage so that his Family can continue their lifestyle in the manner they were accustomed to even if the breadwinner were no longer here to provide for their monthly living expenses and college costs.

If on the other hand you want your insurance to last beyond age 80, for example to create an inheritance for your kids or grandkids, or to be used to pay for your estate tax if you are not married, then and only