March 6, 2023 on ForYourBenefit, host Bob Leins, CPA® welcomes John Jilek, CFP®.  There is a 100 percent chance we will all pass away some day.  Life insurance, for the majority of us, can be an important vehicle to provide financial security for those left behind.  What are the milestones of life insurance for Federal Employees?  Why you should think of life insurance as death insurance.  Does life insurance make financial sense if held for the long term?

• LTC Insurance is a necessity for all Federal employees that are not able to self-insure.
• Putting Long Term Care Insurance into perspective now that the Federal LTC program is on hold.
  • Find an alternative.
  • Don’t procrastinate.
• Property Casualty Insurance is the most overlooked personal insurance by Federal employees.
• PIC = Proper Insurance Coverage
• Umbrella Liability Insurance is the least understood and bought by Federal employees.
• No Umbrella Liability = Bullseye for Lawsuit

For questions or comments, email us in advance at ForYourBenefit@nitpinc.com

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