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Kristen Maalouf, Executive Assistant of C-Suite Financial Services at Sapers & Wallack answers questions about our February blog, “Estate Planning To-Do-List – No Matter What Stage of Life You Are At”.

Regardless of your financial situation, for most of us, saving the right amount of money for retirement can be difficult. Establishing sources of replacement income that will allow you to consistently maintain your expected lifestyle after your working years often requires careful planning, financial discipline, and if those are not attainable, some creative solutions.  

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Scott Tuxbury, Vice President and Leader for the Retirement and Wealth Management Practices at Sapers & Wallack answers  questions about our January blog, Using Life Insurance to Offer Diversified, Tax-Advantaged Retirement Savings

 

Underwriting in the Time of COVID-19

/// Posted by Kimberly Bernabeo Landry

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As with all industries, the insurance market has been greatly affected by the COVID-19 pandemic—particularly around the practice of underwriting. For the uninitiated, Life Insurance Underwriting is the method through which insurers evaluate the risk of potential buyers in order to decide whether or not to approve, deny, or rate up a life insurance policy.  As a rule of thumb, the healthier a person is, the less risk he/she poses, and the lower rates he/she will get. 

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Rethinking the Approach to Long-Term Care Insurance

/// Posted by Aviva Sapers

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Historically, there are many who do not purchase Long-Term Care (LTC) Insurance despite the increasing likelihood that prolonged financially debilitating needs for care may arise at some point in our future. Older Americans and nursing facilities being hit so hard by the COVID-19 pandemic might encourage people to want access to home care should they have a long term illness, but it only adds to potential need for extended coverage.

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Podcast Q&A: Rethinking the Approach to Long-Term Care Insurance

/// Posted by Aviva Sapers

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Aviva Sapers, CEO & President at Sapers & Wallack, answers questions about our November blog, Rethinking the Approach to Long-Term Care Insurance.

Using Endowments for Sustainable Giving

/// Posted by Aviva Sapers

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One of the biggest challenges facing nonprofits with large individual donations, is losing an annual stream of income when the donor dies. While most nonprofits rely heavily on their annual fundraising campaigns, it is important, and sometimes vital, for nonprofit organizations to encourage such donors to endow their gifts – distinct from annual contributions – to establish a solid financial foundation that will help build sustainability for the future.

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Podcast Q&A: Using Endowments for Sustainable Giving

/// Posted by Aviva Sapers

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Aviva Sapers, CEO & President at Sapers & Wallack, answers questions about our October blog, Using Endowments for Sustainable Giving.

MA Paid Family Medical Leave Act: Overview and Update

/// Posted by Tom Connors

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By now, most businesses are aware and have engaged in the preliminary steps toward rolling out the Paid Family and Medical Leave Act (PFML) in Massachusetts. Starting January 1st, 2021, eligible Massachusetts workers will be able to take up to 26 weeks of paid family and medical leave benefits, meant to cover maternity and paternity leave, military exigency leave, and extended sick leave. On July 1st, 2021, covered workers will also be able to take up to 12 weeks of paid family leave for the needs around caring for a sick family member.

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Reviewing Life Insurance Needs in the Time of COVID

/// Posted by Aviva Sapers

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As we enter Life Insurance Awareness Month, it seems a good moment to reevaluate why we have the insurance we do and whether it is the right amount to fulfill the needs we have. Against the backdrop of the COVID-19 pandemic and with an election only months away that has the potential to greatly change tax policy, many are considering their mortality and financial security of their loved ones after they’re gone.

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