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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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Podcast Q&A: Reviewing Life Insurance Needs in the Time of COVID

/// Posted by Aviva Sapers

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Aviva Sapers, CEO & President at Sapers & Wallack, answers questions about our September blog, Reviewing Life Insurance Needs in the Time of COVID.

Estate Planning Today for the World You Want Tomorrow

/// Posted by Aviva Sapers

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Often, when I begin a discussion with a client on estate planning, I remind them that they generally have three beneficiaries: family, charity, and Uncle Sam. I follow up with the question, “how much do you want to leave to each?” 

No one ever wants to leave their money to Uncle Sam, but the government will receive a piece of most everyone’s estate none-the-less — whether it be at the federal or state level, so you might consider incorporating philanthropy or bequests into your estate plan. With a deliberate, structured approach, you can leave specific assets to your kids and significant sums to charity, while paying zero estate taxes.

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Podcast Q&A: Estate Planning Today for the World You Want Tomorrow

/// Posted by Aviva Sapers

///

Aviva Sapers, CEO & President at Sapers & Wallack, answers questions about our August blog, Estate Planning Today for the World You Want Tomorrow.

There is a pervasive myth that insurance products produce mediocre returns. In truth, though life insurance has been purchased for many years to provide security and guarantees, there are some newer product lines that can be very attractive for investment purposes—particularly in volatile markets. 

In order to remain competitive and relevant, the insurance industry has had to become much more creative with the investment options underlying their products. Years ago, they unveiled variable life insurance and variable annuities, where policyholders can invest monies that were over and above the cost of the insurance itself into mutual funds. Policyholders can choose from a myriad of mutual funds to invest in, much like what they’d find in various 401(k) plans, and now, some even offer target date funds as well. When the market goes up, the investment account or cash value accounts go up with it, and when the market declines, so do the underlying values to match a broader spectrum of risk tolerances.

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