Life can take an unexpected turn, and if it does you want your loved ones to be safe and provided for. This is what Life insurance is about. It is a contract established between you and the chosen company in which you pay a premium (usually monthly) in return for the insurance company’s commitment to paying a set amount of money to a person(s) of your choice upon your death. The money known as the death benefit.

You are never to young to have a life insurance policy. The optimal age to purchase life insurance is under 35, although Millennials are the least likely to purchase a policy. At this age they are worried about paying other bills first and believe nothing can happen to them.

Advantages of Life insurance are: to provide cash for dealing with the adverse financial consequences of the insured’s death. Secondly, Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.


Long-Term care insurance provides a broad range of medical and personal services for individuals who need assistance with daily activities (i.e. eating, bathing, getting dressed, transferring, and continence) for a lengthy period of time. Long-term care insurance helps people cope with the cost of chronic illnesses, such as Alzheimer’s disease, or other disabilities. The policy pays for assistance with everything from the basics — bathing and dressing — to skilled care from therapists and nurses for months or even years.

Long-term-care insurance typically covers out-of-pocket expenses that come with home care, assisted living and nursing homes. Most policies have a waiting period that works like a deductible.

It is estimated that approximately 11 million Americans need long term care and the average cost of a nursing home in Massachusetts is $144,000 a year.