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...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 point during their lives. (Source: The National Clearinghouse for Long-Term Care Information, 2008.) And with life expectancies increasing at a steady rate, this figure can be expected to grow in the years to come.But won't the government look out for me?Medicare pays nothing for nursing home care unless you've first been in the hospital for 3 consecutive days. After that, it will pay only if you enter a certified nursing home within 30 days of your discharge from the hospital. For the first 20 days, Medicare pays 100 percent of your nursing home care costs. After that, you'll pay $137.50 per day (in 2010) for your care through day 100, and Medicare will pick up the balance. Beyond day 100 in a nursing home, you're on your own--Medicare doesn't pay anything.If you're at home, Medicare provides minimal...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...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 the family. You never know when you might die, so it becomes important to have a life insurance policy that covers your family. This article details some of the benefits you get after you purchase a life insurance policy.1. You still want your family to live a better and a comfortable life in case you pass away. This can only be achieved if you have saved enough. However, in case you had not saved enough, the insurance company will undertake most of the tasks you were doing: covering car payments, mortgage, repair of house and utilities, property taxes, car payments, school and college fees just to name a few. You should have funds meant for young kids under the management of a trusted person to avoid its mismanagement2. Life insurance can help in settling your debts. This will help your spouse to retire comfortably. Expenses that can paralyze your family's financial status may include credit cards, funeral and medical expenses...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...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...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
How your family medical history can affect your life insurance premium Many factors can affect the rate you pay for life insurance, from your age and physical wellbeing to your medical history. But you may not be aware that the medical history...more