When you apply for a life insurance policy to protect your family and their assets after your death, your health and lifestyle will be scrutinized by life insurance underwriters in order for them to determine what kind of risk you will present to the insurance company once you are insured. It is this risk, and the resulting likelihood of death, that will determine whether or not your life insurance policy can be issued, whether the death benefit...more
You may think of life insurance in very simple terms: you buy a policy so that your loved ones will have some financial assistance when you die. But if you have assets of $1 million or more, you should view life insurance as a tool kind of a Swiss army knife, in fact. Life insurance has many potential uses in estate planning, and a life insurance trust can certainly help a family. What does a life insurance trust do? It enables you and your...more
With many more Americans living past age 80, the need for long term care is rising, and so is the interest in long term care insurance. Yet, a 2006 AARP study noted that most Americans surveyed were underestimating the rising costs of LTC, and presupposing that government programs would provide adequate assistance.The different care options. Most people assume LTC insurance pays only for nursing home care, but that is inaccurate. Insurers and healthcare providers commonly define long term care as assistance provided to someone with a condition or illness that limits their ability to perform normal daily activities. LTC insurance can also help pay for rehabilitative care, therapeutic care, and various types of assisted care in the home.The financial relief. What does one year of care in a nursing home cost? What would you guess? What, $40-50,000? Think more. A survey conducted by MetLife back in 2004 found that the average annual cost of nursing home care was $70,080 per year, and that the average cost of a home health aide was $18/hour. (Costs were cheapest in the South.) Given these costs rising at approximately 6% per year insurance and investment professionals urge their...more
Jewels are for sure a ladys best friends; there is so much a lady can do with the jewelry as there are a number of possibilities. It is essential to take precious pieces of art so that they have a longer life. It is important to care for the jewels so they stay beautiful for a long time.The vintage jewels are such pieces of art that make the wearer...more
Why You Should Consider Purchasing a Life Insurance Policy Whilst we don't want to have to think about our own mortality, life insurance can be essential for anybody who is looking to ensure that their loved ones are provided for once they are gone. Policies today incorporate a number of options and features to provide a level of cover that...more
Moving On in Midlife: The Challenges and Opportunities Midlife can be a time for many individuals to reassess where they may want to live over the next stage of their life. In some instances, if children are grown, a current house may now be too large and require too much work so smaller quarters are sought. For others, there may have always been a dream to move to another location once first career obligations and family responsibilities have passed. For me and others like me, the dawning of a new relationship in their life leads to the decision of deciding where you will be living with your partner as you build your lives together.I was remarried a little over a year ago. As my new bride and I planned for our life together it was obvious that something needed to change since we each owned our own home. Our ultimate decision was for me to move into her home. We both enjoyed the amenities of the surrounding neighborhood immensely. I had lived in my home with my first wife prior to her death and had developed a whole set of memories through that relationship. Whatever the reasons leading to our decision, moving into our current home in Maplewood, New Jersey...more
Before you buy life insurance, please take some time to learn about it. That way you can make a good choice. You will need to decide how much coverage you want, how long you want it for, and what type of policy to buy! Term insurance is very popular...more
This sounds like a peculiar title for an article. What has Wealth Creation got to do with the purpose of life you might ask? Im gonna argue that it has a lot to do with it. Wealth Creation at its core signifies the creation of something of extended...more
A major element of the American dream for anyone is owning a house of their own, and the quest for realizing this goal is an expensive one. Once we have picked our mortgage loan we find that, the monthly obligations end up taking a large slice of our...more
Choosing a Life Insurance Should Be with the Best Interest of Your Family A cheap life insurance is probably one of the most sought alternatives to financial necessities. Because of its cheaper costs, many ordinary earning individuals get hold...more
Weddings are fun, joyous, eventful celebrations. Its a time when family and friends come together to commemorate the union of two individuals. There is laughter, joy, pictures galore, and amazing food. But, weddings are also a time of great stress,...more
If theres one thing that people often overlook, then preparing for long term care tops the list. People normally ignore the harsh reality that they will grow old, ill, and frail. There comes the time when they can no longer care for themselves and...more