There are many financial tools that seniors can leverage. Some build wealth or provide income, while others offer protection for heirs or ensure that end-of-life costs are covered. "Both are valuable ...

Most people purchase a life insurance policy so their loved ones are taken care of when they die. But what if you wanted to cash in on that policy while you’re still alive, to pay for necessities now?

As you age and your income sources become less robust, it's natural to look for ways to reduce expenses, not add to them. For seniors in today's economic climate, in which inflation and credit card ...

Many Americans are reassessing their financial strategies as economic conditions shift now that we're in mid-2025. While job markets remain stable and inflation has eased compared to recent highs, ...

A life insurance death benefit is paid tax-free and there are tax-advantaged ways to access cash value ...

Helping senior clients through estate planning requires a comprehensive strategy that includes consultations with their legal and tax advisors to ensure proper asset distribution, minimize tax ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

Consider your financial goals, age and overall health to determine which life insurance option is right for you. Many, or all, of the products featured on this page are from our advertising partners ...