When creating a will, most people focus on the big-ticket items — including who gets the house, the car and specific family heirlooms. But one element that’s often overlooked is the residuary clause. This clause determines what happens to the remainder of your estate — the assets not specifically mentioned in your will. Without one,
Americans are living longer than ever. According to the Centers for Disease Control and Prevention, the average 65-year-old today can expect to live at least another 20 years—six years longer than in 1950. While that’s great news for your golden years, it also raises a critical question: Will your retirement savings last as long as
Reinsurance is the financial backbone of the insurance industry — a behind-the-scenes mechanism that allows primary insurers to assume risk with confidence. By transferring portions of their exposure to reinsurers, carriers can write larger policies, stabilize loss ratios, and protect themselves from catastrophic events. In essence, reinsurance enables insurers to “front” for risk while maintaining
