In May of 2020, nursing home residents and workers accounted for one-third of all coronavirus deaths. This sad new reality promptly reminded us of a few immutable truths, namely; that ‘a tomorrow’ is not guaranteed, and that the elderly are particularly subject to this fact of life. Sadly, the coronavirus is not the first or only crisis to descend upon the elderly population in the United States. Over the past […]
This regulation is designed to help the consumer by limiting any unrealistic or misleading illustrations. Of course, if you are working with well-educated and informed agents and agencies like Main Street Planning Group you will always find a conservative approach to purchasing this and all other life insurance products. For more information on AG49A email info@mainstreetplanninggroup.com
November is Long-Term Care Awareness Month and it is with great sadness that Mass Mutual is leaving the stand-alone Long-Term Care space. Of particular significance is the abandonment of the New York State Partnership for Long Term Care. New York State Partnership for Long-Term Care What is the Partnership? The NYS Partnership for Long-Term Care (NYSPLTC) is a unique Department of Health program combining private long-term care insurance and Medicaid […]
Whole Life insurance has long been regarded as a great vehicle for cash accumulation. Owners of these policies enjoy dividends and compounding interest that ascend in value as their cumulative premium payments add up. It’s even possible for these interest and dividend payouts to cover the cost of the policyholder’s premium payments over time. Add to the mix a tax-deferred status to boot, and you can see why Whole Life […]
Last week I was in a meeting with a highly respected investment advisor who used the cliché “Swap ‘Til You Drop.” Although I am familiar with the term, I have to admit it struck a particularly strong chord with me this time around. As such, I feel compelled to address its merits. For those unfamiliar with the concept, swapping ‘til you drop refers to a number of investment strategies including […]
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