When a person applies for life insurance, the insurance company may ask them to take an exam before they will accept or reject their application. However, all insurance companies will not require a physical exam.Insurance Policy TypesWhether or not an applicant will need an exam, may depend on the type of insurance policy they are willing to pay for.Guaranteed - This policy may cost more in the end, but it does not ask questions or require that...more
How Long Term Care Insurance Partnership Works? Many middle-income Americans are torn into pieces when the need for long term care occurs. Everybody knows that long term care falls heavily during ages 50 to 60, and the prices for these facilities can ruin one's finances. Another caveat is the scant support from government to help middle and low income earners from continuing their care either in a nursing home or in a community. Although...more
Things to Ponder in Buying Long Term Care Insurance Long term care insurance provides significant protection when the extent of disability or mere frailty curbs a person's ability of performing daily activities. There are number of pros and cons attached to long term care insurance; however, it is reasonable to secure meaningful golden years rather than suffer the burdening costs of LTC that can affect not just you but your family most of the time. There are lots of things you have to know before getting an LTCi. Here are some important facts than can guide you through LTC insurance: Can Everyone Qualify for Long Term Care Insurance?Well, the answer is NO. Although insurance companies have different qualification standards, most of these insurers accept only those who are reasonably healthy. The following are circumstances that will most likely affect your policy or, worse, get denied from obtaining a coverage:If you currently use long term care servicesIf you have AIDS or other related sexually transmitted diseaseIf you have existing or family history of mental and cognitive disorder such as Alzheimer's or dementiaIf you have had a stroke in the past 12 to 24 months or...more
The Benefit Period in Long Term Care Insurance The benefit period plays a significant role in determining the price of long term care insurance premiums. By having precise plan and sufficient knowledge on the benefit period, you can maximise your health coverage while save on LTCi premiums at the same time. The long term care insurance...more
Long Term Care Insurance Keeps Up With Inflation Just like any goods and services, the price of long term care also increases due to inflation. And when this happens, the burden is saddled by many American adults who desperately need long term care. We all know that long term care insurance is expensive, and the rates could soar in a year...more
Choosing Long Term Care Insurance Policy and Company Long term care insuranceseems complicated and risky if you lack understanding on how it works and how it can affect you. You should be careful in deciding which long term care insurance policy you should use and which insurer should you trust to. There are different types of long term care insurance policies, and the riders add up to its complexity. The policies are not fixed in terms of features and coverage because they are designed to tailor individual needs. Individual long term care insurance policies cater to multiple LTC services such as nursing home care, assisted living, and home care. Premiums can be paid monthly, quarterly, semi-annual or annual. Group plans are offered by many employers these days. This type of plan provides advantages to both employers and employees. The employees can get coverage regardless of a health condition, unlike with individual policies that cover only healthy individuals and require strict medical underwriting. On the other hand, employers can enjoy the tax advantages form their business. Tax-qualified long term care insurance policies are offered by most companies. The Health...more
Long Term Care Insurance: What To Know The moment adults are inflicted with debilitating sickness and/or disability signals the need for long term care services to prolong their lives. However, these services are very expensive that an...more
The Underwriting Process in Long Term Care Insurance Underwriting in long term care insurance is important for the companies to assess whether or not the applicant deserves to receive coverage. This is a two-way relationship between the...more
The thread separating life and death is very thin! The thread separating life and death is very thin! We think we are immune to death. We forget it all the time yet it is very near, knocking at the door of everyone: It is time please.Once...more
Mortgage Life Insurance or Life Insurance, What Is best? We have heard it many times. You were just approved for a mortgage, and the lender or your fiends tell you that you should get mortgage insurance. So you call an agent or do a search...more
I Live Alone Do I Need Life Insurance? Copyright (c) 2010 Steve WentworthI'm a single home owner on a mortgage, is it necessary to have life insurance. Couldn't they just sell the house to repay the mortgage lender?AnswerAlthough this seems...more
Would you be able to sleep easier at night knowing that you can save your loved ones additional grief when you die by simply paying a reasonable premium that will take care of all of your final expenses? If you are nodding your head in agreement...more