Recent News

The Medicare Annual Election Period Begins October 15th

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Do you want to make changes to your Medicare coverage? There are certain times when you can make these changes; some of these time periods are different depending on the type of Medicare plan. For Medicare Advantage (also known as Medicare Part C) and Medicare prescription drug plans, there's an Annual Election Period (AEP) when you can sign up for, change, or disenroll from the plan.

Life Insurance Awareness Month

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Too many people are taking an unnecessary risk by not protecting their loved ones with life insurance. 1 in 3 households would have immediate trouble paying living expenses if the primary wage earner died, according to the 2016 Insurance Barometer Study by Life Happens and LIMRA. And the study also found that 40% haven’t bought life insurance or more of it because they’re unsure of how much or what type to buy. That’s why each September Life Happens coordinates Life Insurance Awareness Month.

What Young People Will Need To Save To Survive Retirement

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A new report from the International Longevity Centre in the UK (ILC-UK) says that for young people who want to have a "comfortable" retirement, the time to start saving is now - and the savings should be at least 11% of their total income every year. The ILC determined how much young people needed to set aside in order to avoid shortfalls come retirement, defining "adequate retirement income" as 70% of earnings throughout their working life.

The Best Option For Enjoying a Tax-Free Retirement

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Imagine distributing your entire life time savings tax free versus having it be held taxable like in a traditional IRA, 457, 401(k), Profit Sharing Plans, and other defined contribution plans. If going tax free sounds ideal to you, then an Index Universal Life plan may be the option you've been looking for. This plan isn't like a traditional whole life, term life, universal life, or variable life plans, though.

The Tax Benefits of Life Insurance

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Life insurance represents one of, if not the best, tax planning investments available. 
Ed Slott, a widely known tax advisor, has created this 5-minute video to explain to you how purchasing life insurance could turn out to be one of the best decisions you ever make by demonstrating the power of having a tax free retirement using the IUL strategy. Applied knowledge empowers you to advance with achieving your financial goals. Watch the video below, and contact Combined Benefits United today to learn more.

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