Can I Borrow from My Life Insurance Policy?

Joe Borowiec

Table of Contents: Borrowing Basics The Perks of Policy Loans Drawbacks to Consider Life insurance can be a lifesaver for those who want to provide money for their families after they’ve passed away. Although it’s an indisputably helpful tool, insurance policies aren’t always easy to comprehend. In fact, of the 60 percent of American adults […]

The Top 3 Investments for Retirees

Joe Borowiec

Many hardworking adults look forward to the day when they can leave the rat race behind and retire. While retirement offers several perks, it also leads to new challenges. What you gain in free time, for instance, you often lose in income, and this can take a toll on your personal finances. When the paychecks […]

Financial Planning for Seniors on Medicare

Joe Borowiec

Table of Contents: Understanding Your Medicare Options Weighing the Pros and Cons Medicare, the national health insurance program for seniors over the age of 65, is an essential resource for many older adults, and without it, a large portion of the population would suffer from a lack of access to affordable medical care. In 2018 […]

When Should You Consider Survivorship Insurance?

Joe Borowiec

Survivorship insurance, also known as joint survivor life insurance or variable survivorship life insurance, covers multiple people under one policy, making it an appealing option for spouses, parents and couples. You may also hear this type of coverage referred to as “second-to-die” insurance because beneficiaries don’t receive the benefit until both insured policyholders pass away. […]

Finding Financial Relief After a Cancer Diagnosis

Joe Borowiec

Table of Contents: The Physical and Financial Impact of Cancer Leveraging Assets to Pay for Treatment Combating cancer can be one of the most difficult challenges of a person’s life, and it is one that requires a great deal of mental, emotional and financial fortitude. Beyond the physical hurdles and side effects that coincide with […]

How Life Settlements Can Boost Your Portfolio

Joe Borowiec

As a financial advisor or agent, you’re likely always on the hunt for ways to grow your client portfolio and expand your expertise. Until recently, life settlements were an oft-overlooked source of income for senior clients seeking financial relief. Getting Ahead of the Curve One reason life settlements have not been pursued in the past […]

5 Great Vacation Spots for Seniors

Joe Borowiec

Table of Contents: Cape Elizabeth, Maine The Finger Lakes, New York Olympic National Park, Port Angeles, WA Sedona, Arizona Solvang, California The best part of nearing retirement is planning for the adventures that will occupy your idle weekdays.* Though metropolitan bustle and sun-scorched sand may have defined the travel destinations of your youth, your golden […]

5 Ways Adult Children Can Help Support Their Elderly Parents

Joe Borowiec

Table of Contents: Get a Joint Bank Account Cancel Unused Accounts and Services Subscribe to a Grocery Delivery Service Consider Assisted Living Facilities Stay Present and Positive In childhood, you depended on your parents not only for emotional support, but for sound reasoning and fiscal stability. As your parents near retirement age and walk away […]

Debt Management Strategies for Seniors

Joe Borowiec

Table of Contents: Develop a Post-Retirement Budget Explore Programs for Seniors Adjust Your Lifestyle Consider a Life Settlement As a senior preparing for retirement, it’s a good idea to plan ahead so you can avoid losing your financial footing. Without a steady paycheck, it can be hard to handle medical bills, housing costs, everyday expenses […]

Alternatives to Lapsing an Underperforming Life Insurance Policy

Joe Borowiec

When you purchased your life insurance policy, it was probably a wise investment. Perhaps you had just gotten hitched, bought a new home or welcomed your first child into the family. These are all great reasons to capitalize on the safety, security and peace of mind a life insurance policy can bring. However, as you […]

bbb seal