life insurance, long-term care, home health care, skilled nursing, life expectancy, longevity,

Life is full of uncertainty and the best laid financial plans must account for the unexpected.

Throughout its recent history, life insurance has been a paradox for many people. It’s greatly appreciated when it is needed most, at the death of a breadwinner, and it’s dreaded when it is being contemplated to fill a need.

Submitted by Scot L. Stark, MBA, CMFC, CFP® on July 29th 2015

Most people looking to implement a financial plan are making decisions with the long term in mind. While what long term means tends to vary depending on factors like age, individual and family goals it’s safe to say most planners and their clients would agree that long term is usually measured in years, not months. Whether it’s the young professional first considering a still-distant retirement age or a retiree trying to leave a financial legacy, the idea is the same: plan today for an uncertain future.