Until recently, individuals who are HIV-positive may have found it extremely difficult, if not impossible, to obtain life insurance coverage. Because of recent medical advances, insurance companies now view HIV in much the same way as many other chronic diseases, leading Guardian to offer life insurance options for individuals living with Human Immunodeficiency Virus (HIV).
Retirement saving is not on most millennials’ list of top priorities. That may be why many experts expect that millennials will not be able to retire until well into their 70s. In fact, the top financial concerns of millennials are student loan debts, lagging wages, housing and living costs, bills and credit cards/debt and lack of employment.
Almost 70 percent of employees have access to life insurance through work, and 80 percent of those employees take advantage of this benefit, according to LIMRA, an insurance industry research organization based in Windsor, Connecticut. Half of U.S. workers have the option to purchase supplemental life insurance policies through their employer, and about 50 percent of this group buy it.1
America’s outstanding credit card debt topped $935 billion last year, the highest level since 2008, according to the latest statistics from the Federal Reserve. On a practical level, the average indebted household owes more than $8,000, the highest amount since the start of the Great Recession, according to a recent study from credit card search engine CardHub.
In the simplest terms, if you start early and consistently stick to an ongoing savings schedule where you set aside money on a regular basis, you should start to see your savings accumulate over the long term. However, when investing, there are time-tested strategies that can help you reach your goal.
Will I have enough money to retire? It’s a common question and one that has increased in magnitude lately, especially for people saving in their 40s and 50s.
