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There are so many insurance options. How do you know what the differences are and determine which is right for you?  The team at Hyers & Associates would like to end the confusion and help walk you through what the differences are between these two types of life insurance. The major difference between whole life …

October 30, 2018

Category: Life Insurance

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Could your loved ones survive comfortably without your income? Nobody wants to plan for death, but it matters. The people you care about could be left upset and financially stressed. Choosing the right insurance makes a difference in the quality of their lives. And it also offers peace of mind for you and your family …

June 21, 2018

Category: Life Insurance

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Operating a small business is challenging and rewarding. People work hard to create an enterprise that pays their bills and employs others. Each member of the team is essential to support the daily company operations. If someone becomes seriously ill or dies, it impacts the business. Discover crucial reasons to invest in small business life …

June 13, 2018

Category: Life Insurance

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Many people do not want to talk about death because they think it is morbid. And many believe that they should not even worry about the expenses because they are already gone. The truth is, if you care about loved ones, you need to plan for them financially no matter what happens to you. Also …

March 18, 2018

Category: Life Insurance

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None of us want to think about it, but we have to: we are mortal, and someday, we’re going to pass on. It is prudent to start planning now for that inevitable time in the future. If you have a family, then you have people who have to take care of your financial obligations after …

February 26, 2018

Category: Life Insurance

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As a senior, you may think life insurance is unnecessary. After all, your age and health conditions raise premiums. And, honestly, why now? Life insurance replaces income should you pass away, and you are retired. The mortgage is paid off. And, your kids are holding their own. Is a life insurance policy accessible and necessary …

January 23, 2018

Category: Life Insurance

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The New Year rings in with celebration and hope for a brighter year. Promises and resolutions fly like confetti after the infamous Times Square ball drop. But, as the sweeping of the streets commences the next day, so does the usual routine of our lives. And resolutions tend to get lost. What if we told …

December 29, 2017

Category: Life Insurance

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For many younger people, the thought of buying life insurance is probably about as far from your mind as it can be. You’re young, and life insurance is something only old people have to think about, right? Unfortunately, nothing could be further from the truth. While you seem to have a long, happy life ahead …

September 20, 2017

Category: Life Insurance

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Second to die life insurance is precisely that – a policy insuring two lives that only pays out once the second insured has passed away. This coverage is typically used for estate planning and wealth transfer preparation. Permanent insurance policies like whole and universal life are the most common types used in second to die plans. There are …

February 9, 2014

Category: Life Insurance

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Seniors eligible for government Medicare are sometimes in search of combination insurance policies that will cover both the gaps in Medicare and final expenses associated with a funeral. Fortunately, there are a few companies that offer both coverages on one application making it easier to insure both needs. Insurance providers such as Mutual of Omaha, Forethought …

April 8, 2011

Category: Life Insurance, Medicare Supplements

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It’s April 15th and while many have already filed their tax returns, some are still scrambling to get their documents in on time.  Thus, it is an appropriate time of the year to talk about different ways to reduce your income taxes. If you wish to reduce the amount of taxable income on your 1040 or are …

April 15, 2010

Category: Annuities, Articles, Life Insurance, Wealth Transfer

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If you are interested in non-med term life insurance without the hassle of medical underwriting, a physical, blood-work and/or delays – there are policies available for you. Many companies now offer non-med term policies; also known as simplified issue term life insurance. These policies are appropriate for those who might be in less than perfect …

March 30, 2010

Category: Life Insurance

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Ohio is one of the few states that  accesses a state inheritance tax on its residents at passing.   This tax is in addition to any Federal estate taxes that might be due and is enforced once an estate reaches countable assets of $338,333. It is not uncommon for estates to owe tens of thousands …

January 29, 2010

Category: Life Insurance, Retirement Planning

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September is life insurance awareness month, thus we will do our part to discuss the overall benefits of these products.  When compared to other financial instruments, life insurance policies have several unique and attractive attributes. Policies will come in many shapes and sizes with several options for the insured, but it may be most important to simply …

September 18, 2009

Category: Life Insurance, Retirement Planning

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Life insurance shoppers want to know:  What is the difference between whole and term life insurance and what type of policy should I purchase?  The answer is usually simple depending on the circumstances. Listed below are life insurance explanations as well as recommendations for purchasing a life policy, tax avoidance and estate planning strategies. Whole Life Insurance …

June 11, 2009

Category: Articles, Life Insurance, Wealth Transfer

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