Many different reasons can compel a person to seek life insurance cash settlement including needing money to pay for costly medical care and also being unable to afford paying premiums of existing life insurance policy. In addition, it could also be on account of bad performance of the current policy. There are also in fact companies that deal only with life insurance cash settlement and they are the ones that will buy up your life insurance...more
Selection of a health insurance plan should not be based simply on the premiums that you will have to pay but the amount of health care that you will need on a regular basis. If you are person who is having a health crisis or one who is relative healthy but getting on in years you will want to make sure that you get a health insurance plan that covers regular checkups, routine tests, and health evaluations. This is the best way to ensure that you...more
It has been said that only 8 percent of Americans have secured long term care insurance for themselves or their loved; that percentage is too small compared to the average life expectancy rate. As life expectancy climbs, more and more people are worrying about their health and unlikely events that might confront them in later years. The need for long term care insurance come into question. Many people are opposed to it because most policies are seriously expensive, and some believe they could finance their own care. Long term care costs can purge a persons finances and scourge him or her to poverty. A research conducted by the Harvard University on Compensation and Benefits Review claims that more than half or 72% of Americans become impoverished after paying for just a year stay in a nursing home. Not all medical insurance companies offer long term care. Medicare only pays for restrictive institutional care after a three-day hospital stay; the program ignores assistance for daily living such as walking, bathing, and eating. Medicaid somehow covers the bills for nursing home strictly after the person is impoverished. Statistics says it all. The Genworth Financial Cost of Care...more
There is vast range of long term care policies offered from company to company to suit individual needs. However, you must be able to understand and differentiate what those policy embraces, since companies have different underwriting procedures and definition on LTCi policies and premiums. A financial advisor that is well versed in LTCi can help...more
While you probably know that you need life insurance, finding the right plan for your needs can be a bit difficult. There are many choices out there, and deciding on one is tough. If you want to make sure you choose the right plan, here are a few tips to follow.Tip #1 - Know What You NeedYou are the one that intimately knows about your own...more
Life insurance can be described as an agreement between an individual and the insurance company that he has selected. The bases of the agreement lies in the idea that the company will pay a decided amount to the insured persons beneficiaries (generally family members), if the person agrees to pay a recurring fee till the point of his/her timely or untimely demise.Clauses in certain companies also provide cover for the funeral catering costs. However, companies in some areas only offer basic life insurance plans i.e., simply paying a large sum to the beneficiaries in the case of the insured person's death.A general life insurance plan will include terms for their contract which will comprise a list of death circumstances, any of which if the insured succumbs to, he/she will not be covered for. The valid situations of death are also mentioned. The methods of death which may not result in compensation include suicide deaths, death during a riot or war.Life coverage is generally available in 2 different forms: protection or investment policies. A protection policy is like any average coverage where a benefit will be required to be given to the beneficiaries (generally a...more
More often than not, owning a house of our own is a dream for most of us. The pursuit of achieving this dream is an expensive one though. When we go for a home loan, the monthly instalments end up taking a big slice of our monthly income. In the...more
Carrying everything within a tight budget is certainly one of the hardest challenges that people need to deal with today especially with those who have their own families. Certainly, making a great improvement on how the people are able to handle...more
If you have been involved in an accident or are worried about the potential consequences of one, it is important to know how long do accidents affect insurance rates. While many assume that any accident will affect their premiums, this is not always...more
Many people have cars and enjoy driving them every day. What most of these people have in common, along with the independence they share driving their cars, is the thought that they will have an accident. An auto accident is devastating to anybody...more
There are a variety of options available if you are looking for life insurance and one of the best options to consider is term life. Many people find permanent life policies to be very costly, but you don't have to give up having this coverage. There...more
Why should mental models matter to you? Your ability to perform and achieve is determined by your mental models. Mental modeling will give you significant business advantage.The way you see the world is based on the mental model you are operating. ...more