Life insurance for seniors can go a long way toward protecting your investments, or providing your family with an inheritance. Think about all the things you own that you still owe money on. Maybe you have still got a car payment, or even a mortgage. Maybe your one of your children has a dream to open their own business, or a grandchild would like to attend college. How can you make sure any, or all, of these things happen?The easiest answer,...more
All elderly people should seriously consider life insurance for seniors, especially if you have surviving family or outstanding debts. Life insurance provides an excellent way to insure your debts are paid, your funeral expenses are covered or to provide an inheritance to your surviving family members. You can use your life insurance for all these purposes. It used to be that the elderly could not get life insurance. They were considered high...more
There are many reasons one should own life insurance for seniors. They can range from simply wanting to pay for your own funeral expense to wishing to leave a lasting financial legacy for your family. Life insurance policies are insurance for your family, not for you. The benefit can be used however your family sees fit, they will generally use it to pay for your final expenses, debts that you may have incurred and then, finally, to fulfill any dreams or desires they may have had. You can think of the inheritance of your family or whatever is left over as your final gift to them. First, let us talk about funerals. Right now in America, funeral expenses average around five to six thousand dollars. These expenses are expected to rise as time goes on. How will you pay for your funeral? Or more precisely, how do you expect your family to pay for that expense? Unless you have managed to amass a small fortune in savings, and let us face it or you probably have not, your family is going to be stuck footing the bill. Unless, of course, you have got a life insurance policy. Life insurance is used commonly to pay for the final expenses, funeral, hospital stay, extended care bills and...more
The longer you live, the greater the chances you'll need some form of long-term care. If you're concerned about protecting your assets and maintaining your financial independence in your later years, long-term care insurance (LTCI) may be for you.Who needs it?Approximately 40 percent of Americans age 65 or older will need long-term care at some...more
Fifty Plus Life Insurance Options Lots of us start evaluating our financial lives as we pass 50. We start to realize that retirement is just around the corner, and that there will no better time to make sure that we have made solid plans for the future.One common financial product that many of us lack is pretty surprising. We hit our 50th,...more
Insurance: consider your options carefully Choosing the insurance policy best-suited to one's needs and requirements is a difficult task. According to the Insurance Regulatory and Development Authority (IRDA), the life insurance sector in India has grown tremendously since the entry of private life insurers. The market has also seen a lot of changes in products and services. Life insurance policies are long-term contracts, ranging from 10 to 25 years. It is important to choose the right plan to meet your requirements.Unit-linked policies have several advantages such as flexibility, transparency, simplicity, liquidity and efficiency in fund management. These policies are adaptable to the changing needs of the insured over their lifetime. Unit-linked plans, by their very structure, tend to be more efficient in their charge structure. The high level of disclosures required in these plans is an automatic check against an inefficient charge structure, though in long-term contracts, charges get levelled out over a period of time.In choosing a policy, it is important to choose the life insurer first. The factors that matter are the promoters, customer service, performance track...more
8 Basic Tips About Getting A Good Life Insurance Policy For those with a large family, it can be disheartening after you die. A family that was living a decent life may have to fight hard to survive especially if you were the bread earner of...more
Few Tips About Getting Affordable Life Insurance People are always looking for affordable life insurance which they can easily pay for. The policy should pay for all their expenses and sometimes it's not easy to find one. You get a policy that...more
Work Life Balance. What it Is And How To Find The Perfect Balance Balancing work and life these days is a major goal for all of us as the line between the office and the home becomes increasingly blurred and the pace of our society...more
Important Tips When Planning for Long Term Care Insurance The need for long term care happens to anyone, no matter how hard you convince yourself it won't happen to you some time in the future. You can't predict all the unlikely life events...more
Buying Long Term Care Insurance Makes a Difference It is quite baffling why most people give priority to material things like their cars and all caprices in the world than their health. Some people would even pay hefty insurance for Chevy and...more
Subliminals And Affirmations To Change Your Life Subliminals and affirmations are extremely effective tools in your success arsenal. As you use subliminals and affirmations in effective ways, you will yourself achieving much greater levels of...more