Protecting Loved Ones
What is a simple tool people use to replace lost income after someone passes away
Life Insureance
What is the best time to start saving money for the future?
Now
Long-term care insurance or you
Which is better: Saving early or saving more later?
Saving Early
What does LTC stand for in financial planning?
Long-term Care
What does "Living benefit" mean in insurance?
Using insurance while alive
What is the difference between a want and a need?
A want is nice to have; a need is essential
What if you lived a long time--What risk could you face financially?
Outliving your savings
What is one benefit of having a tax-advantaged savings plan?
Tax-deferred or tax free growth
Who usually provides long-term care when someone gets older?
Family or caregivers
Which type of insurance can build savings over time while still providing protection?
Permanent Life Insurance
The mindset of spending all your money now is often called what?
Living paycheck to paycheck
What if you become disabled--Would your income continue automatically?
No
What is the first thing to do before spending your paycheck?
Pay yourself first
What's the financial risk of NOT having a long-term care plan?
Draining Savings
Who should consider life insurance: singles, parents, or retirees?
All of the above
Instead of saving "what's left," what habit helps people save more successfully?
Saving first
What if you die without a will? Who decides who gets my money
The probate court/intestacy laws in your state
What is the benefit of putting savings on autopilot each month?
True or false: Health insurance pays for long-term care
False
T or F: If you are young & healthy, life insurance is more affordable
True
What is the emotional benefit of having savings or protection in place?
Peace of Mind
What if you lost your job, this financial tool could keep you afloat for 3-6 months
Emergency Fund
What's one reason people fail to save consistently?
Lack of a plan
When is the best time to plan for long-term care?
When you are healthy