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Home Archive by category "Financial Articles"

Should You Convert Your Term Life to Permanent Life Insurance?

By Laura Pratt | Financial Articles | 0 comment | 3 September, 2021 | 0

Term life insurance provides life insurance coverage for a specific time period (the term). The face amount of the policy is paid if you die during the term of the policy. When you live longer than the term of coverage, nothing is paid, as there is no cash surrender value. Permanent life insurance provides protection

Why Women Need Life Insurance

By Laura Pratt | Financial Articles | 0 comment | 3 September, 2021 | 0

Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration,

Life Insurance: Business Applications

By Laura Pratt | Financial Articles | 0 comment | 3 September, 2021 | 0

What is business life insurance? Life insurance is an important part of a business. It may be used as a funding mechanism for your buy-sell agreement and as business interruption insurance to pay the business for interruptions caused by the death of key employees. Probably the most important role life insurance plays in your business

Designing a Benefit Package for Your Small Business

By Laura Pratt | Financial Articles | 0 comment | 29 June, 2021 | 0

Designing a Benefit Package for Your Small Business If you’re a small business owner, you face many challenges in growing your company. One of them is recruiting and retaining the best talent for your needs. When your primary goals are managing costs and increasing revenue, how do you sufficiently entice new recruits and reward current

Adjusting to Life Financially after a Divorce

By Laura Pratt | Financial Articles | 0 comment | 29 June, 2021 | 0

There’s no doubt about it — going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties involved. In addition to the emotional impact a divorce can have, it’s important to be aware of how

Trust Basics

By Laura Pratt | Financial Articles | 0 comment | 29 June, 2021 | 0

Whether you’re seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power is in their versatility — many types of trusts exist, each designed for a specific purpose. Although trust law is complex and establishing

How Will I Manage to Send My Child to College?

By Laura Pratt | Financial Articles | 0 comment | 15 April, 2021 | 0

Being able to send your child to college is near the top of the wish list for most parents. But that diploma doesn’t come cheap. Unless you are very well off financially, it’s difficult to sit on the sidelines for years and then suddenly find the money to pay for college when your child is

Health Insurance in Retirement

By Laura Pratt | Financial Articles | 0 comment | 15 April, 2021 | 0

At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There’s also a chance that your health will decline as you grow

403(b) Plans: The Basics

By Laura Pratt | Financial Articles | 0 comment | 15 April, 2021 | 0

Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a popular type of employer-sponsored retirement plan. What is a 403(b) plan? A 403(b) plan is a retirement savings plan, sponsored by a tax-exempt organization or public school, that offers significant tax benefits

Long-Term Care Insurance: How Does It Work?

By Laura Pratt | Financial Articles | 0 comment | 25 January, 2021 | 0

Whether you’ve had a long-term care insurance (LTCI) policy for years or you’re thinking of buying one, it’s critical to understand exactly what set of conditions will trigger coverage. This information is the bread and butter of any LTCI policy. In addition, you should know how to file a claim, preferably before you’re on the

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Recent Posts

  • Should You Convert Your Term Life to Permanent Life Insurance?
  • Why Women Need Life Insurance
  • Life Insurance: Business Applications
  • Designing a Benefit Package for Your Small Business
  • Adjusting to Life Financially after a Divorce
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
**Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, withdraw penalties, protection from creditors and legal judgements, required minimum distributions and possession of employer stock.
CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional, information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.

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  • Services
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