Is a contract between an individual and an insurance company, where the insurer agrees to pay a specified sum of money to designated beneficiaries upon the insured's death. In exchange, the insured pays regular premiums. The purpose of life insurance is to provide financial protection and support to dependents or loved ones in the event of the insured's death, helping cover expenses like living costs, debts, or education.

Health insurance is a type of coverage that pays for medical expenses, such as doctor visits, hospital stays, medications, and treatments. In exchange for regular premiums, the insurance company helps cover the costs of healthcare services, reducing the financial burden on the insured. Health insurance is designed to protect individuals from high medical costs and ensure access to necessary medical care.

Medicare is federal health insurance for anyone age 65 and older, and some people under 65 with certain disabilities or conditions. Medicaid is a joint federal and state program that provides health coverage for some people with limited income and resources.

The process of managing your finances to meet current and future goals. It includes budgeting, saving, investing, debt management, retirement planning, tax strategies, insurance, and estate planning. The goal is to create a balanced approach that ensures financial security and helps achieve specific life objectives, both short- and long-term.

An annuity is a financial product offered by insurance companies that provides regular income payments in exchange for an initial lump sum or a series of payments. It is typically used for retirement planning, offering guaranteed income over a specified period or for the remainder of the annuitant's life. Annuities help protect against the risk of outliving one's savings.

Business formation is the process of legally creating a new business entity. It involves choosing a business structure—such as a sole proprietorship, partnership, limited liability company (LLC), or corporation—registering with the appropriate government agencies, and complying with legal requirements. Proper business formation sets the foundation for the company's operations, governance, and liability protection.