Older people generally have a better understanding of life insurance than younger people. But even if you fully understand the costs and potential benefits of life insurance, you may wonder whether you still need it as you age and your children become self-supporting. Here are some ideas to consider.
Protection for your spouse
Even though your children may not need financial support, your spouse might depend on your income, especially if you are still working and/or have debts such as a mortgage, car payment, or student loan, which could be paid off with a life insurance benefit. Losing one spouse’s Social Security benefit could also make it more difficult for the survivor, even with survivor benefits. Widows and widowers aged 55 and older are more likely to live in poverty than married people in the same age group (see chart).
St. Andrew A.M.E. Church has been ministering to the Memphis community for 148 years. On Sunday, Nov. 9, the Honorable Rev. Dr. Floyd H. Flake, the innovative pastor of the 23,000-member Greater Allen AME Cathedral in Jamaica, New York, is the guest preacher for both the 8 a.m. and 11 a.m. services.
During his pastorate, Allen AME has become one of the nation’s foremost Christian churches and development corporations. Flake served 11 years in the U.S. Congress, followed by a stint as president of Wilberforce College.
The Bar-Kays will celebrate five decades in the music industry with a 50th Anniversary Celebration at the Cannon Center for the Performing Arts on Dec. 4th.
The black tie gala will be hosted by Elise Neal of TV One’s “Hollywood Divas” and actor Lawrence Hilton-Jacobs ,who starred in “The Jacksons: An American Dream.”
JERUSALEM – On Election Night, I usually stay awake as long as my eyelids are willing to cooperate. But this year was different. Instead of alternating between watching CNN and tracking results on the Internet, I was in the Holy Land, nearly 6,000 miles from my office in Washington, D.C.
With Daylight Savings Time going into effect last Sunday, I was in a time zone Tuesday seven hours ahead of Eastern Standard Time. That meant that instead of hearing the TV network projections trickle in as polls closed in different regions of the U.S., I had to go to bed not knowing if Democrats had lost control of the Senate, as predicted, and how well African Americans had turned out in the pivotal states of North Carolina, Georgia, Louisiana and Arkansas.
With the mid-term elections over and the Republicans solidly in control of the House and Senate, get ready to feel the pain.
I’m not talking to just the minority communities that will be hurt the most. I’m talking about all of America. If you think you haven’t seen anything done yet, you will now see that scenario broadened to include both houses.
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