Voluntary benefits such as critical illness, hospital indemnity, short- and long-term disability, and personal accident insurance can be important financial protection devices and hedge against high expenses, particularly for employees enrolled in consumer-directed health plans, says Karen Frost, a senior vice president at Aon Hewitt. Some employers also offer auto,…
Life insurance policies with accelerated benefit riders can help pay for long-term care by advancing the policy’s death benefit, writes Steve Schoonveld of Lincoln Financial Group. The two choices are riders that fund long-term care specifically and those that pay for care needed because of permanent chronic illnesses, he writes….
The budget bill that passed the Senate on Friday would end two Social Security claiming strategies: file-and-suspend and a restricted application for spousal benefits. However, the rules don’t take effect immediately, and people who are already using these strategies can continue to do so. The Wall Street Journal (tiered subscription…
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