Shopping for long term care insurance cant be accomplished in two to five hours. This is not a typical insurance that you can just forget and replace it with other coverage. Getting long term care insurance entails time and proper planning to ensure that youll get good services once you reach retirement years or any time you need it most.You should be money-wise.Assess your needs. The types of long term care services differ from one provider to...more
Have you heard of long term care insurance for so many times but still unaware on how is it going to affect you? The common blunder is that people only consider getting insurance coverage once they get into a point when they are seriously ill, incapable of doing simple chores, and run out of budget for nursing home care. You may have vigorous lifestyle and health today, but someday those comforts will suddenly fade in later years. Long term care...more
Getting whole life insurance is one of the best investments you can make for your family for after you are gone and cannot take care of them anymore. Through whole life insurance you can make sure that your family is well taken care of financially so they can focus on the more important things. Insurance companies collect information on their clients and put them into "risk" groups, which then determine what category they will fall in.Everyone and each company has their own standards and limits individuals but the basics still stand for the insurance. The best place an insurer can find them is in the preferred category, which in turn is least expensive as they are at the lowest risk that they will pass away in the near future. Most important factors that companies look for health, lifestyle, and history to ensure and determine what price range category they will fall under in the insurers.What companies look for when they are determining an insurer's category is have a list of questions on their application. Questions can range from general health questions, to hobbies, recent and future travels. Through these questions they gather enough information to determine what category...more
A question asked often by many people is "What is term insurance?" Consumers often find themselves at crossroads when buying insurance. It is a life insurance policy that provides coverage for a certain period of time. Life term insurance provides guaranteed benefits depending on how many years the policy lasts. Term insurance can...more
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...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), our job is to explain the financial planning process and inform clients of the holes in their planning. And after informing them of their needs, provide the name(s) of low-cost, low- load companies that sell the product most appropriate for a clients needs. Like it or not, life insurance is a necessary evil for those building wealth, those with very large estates who want liquidity to pay estate taxes if needed, those with debt, and those with one wage-earner in the family (i.e., one spouse works, the other stays home to raise children).Having said that, what follows are ten tips* about the various kinds of life insurance products currently offered on the market and some nuances of each:1. Life insurance policies fall into one of two...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...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...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...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...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