Long term care insurance is insurance which gives for in-home care of the patient. This would be added to the patient's current health insurance plan, or it is provided through Medicare plans. It's a plan which should be purchased separately from services for health coverage such as doctor's appointments or hospital stays.The services that long-term care insurance covers are services for the elderly or patients who want help with daily living...more
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look with a blank stare. FIM Group is a fee-only advisory firm, which means we sell no products (life insurance or otherwise) and are not compensated via commissions. As Certified Financial Planners (CFP),...more
If you are over 65, or if you are taking care of an elderly person, you may have gotten some offers for senior life insurance. There are a lot of big companies, like AARP, that market a variety of life policies for older people. A lot of older people wonder if they should buy a policy to help provide cash for their families when they pass away.Families may need cash when a loved one passes away. Funerals are expensive. Families also have other things to pay for at this time. Loved ones may need to take time off from their jobs, travel, and feed mourners. This can be a very stressful time for everybody. Nobody wants to add money problems to the stress.However, older people will cost more to cover than younger people. While you can compare senior life insurance rates to find low cost alternatives, you have to decide if this is a good financial decision for your family.Consider an example. Keep in mind that the numbers I use are from one example policy, and you need to compare quotes to find the exact rates and policies for yourself.A typical premium for a $10,000 whole life policy for a 70 year old would be about $75 a month. In our example, the policy will be paid up...more
50000 executives /agency managers & 12 lakh part time agents of Life Insurance companies are going to be out .These are the estimates of Research & Analysis Wing of Insurance Foundation Of India and were released by S. K. Sethi ,Vice President of the foundation ,which is a non profit organization and is working on various projects...more
Don't let the fact that you are someone who does not have any health insurance at this point in time prevent you from getting the medical attention that you need. If you know that you are sick, things are only going to get worse for you if you neglect to see a doctor. And, if you're worried about cost, it is certainly going to be more...more
The latest book - The Dealer and the Dead - from Gerald Seymour is raw and hypnotic at the same time, though it does look more like reporting rather than fiction. You may also be disturbed by its brutality. This is the story of a British arms dealer Harvey Gillott who got payment for delivering arms to Croatian villagers anticipating a Serbian attack, but he never delivered. It resulted in the death of Croats against advancing Serbs, the men were murdered and the women were violated. When the villagers found out who was responsible for all this, they hired a hit man so they could take revenge. He Knew It Would Be a Difficult LifeThe renowned author of the title The Dealer and the Dead, Gerald Seymour, even before entering the field of writing, never had any doubts over how hard the life of an author was. Even as a child, when his writing was just raw and he wrote something in his notebook, he knew the writing process may lead to pain as well as problems. Literature All AroundGerald Seymours father was a bank manager who used to write poetry. He went on to become Royal Society of Literature fellow. Gerald Seymours mother was also a novelist, so the environment in which he was...more
Like most other things, getting the best insurance deal does not necessarily mean that it will be the cheapest option. Sure, everyone likes to get a good deal and occasionally you may come across a bargain but most of the time, when...more
Is your Life Insurance up-to-date? Life insurance is like the Swiss Army knife of estate planning: there are so many ways you can use it as you plan to pursue your goals. Whether you simply need to insure yourself or need to protect...more
In the event that you hurt yourself or experience a minor illness, do you know exactly where you would go for the treatment that you need? Would you wait until your private care physician is able to see you, or would you rush off to the...more
Knowing the underwriting objectives, a professional life insurance agent must likewise observe basic responsibilities that must be accorded to the clients. If done properly these responsibilities will act as a bridge in order to build...more
Once you get your life insurance quote, there is just one thing standing between you and the issuance of a life insurance policy. And that thing is life insurance underwriting.What is life insurance underwriting?Life insurance underwriting is the...more
Whole (or permanent) life insurance policies are more than meet the eye. Sure they offer a death benefit that caries through the rest of your life as long as you pay your premium and keep the policy in force, but more than that they offer an...more