When we talk about long term care, most people normally raise their eyebrows and pretend not to care. Although the need for long term care is obviously high and important, many elders choose to remain at home and receive traditional care to keep their assets untapped for their childrens future. Some experts say that the next financial crisis is not recession; its the cost of long term care. In 2004, MetLife conducted a survey on the cost of long...more
Those who are still scratching their head whether to get long term care insurance or not, there are good reasons why you have to purchase it now. Did you know that you can reap tax benefits out of your long term care insurance?Tax Benefits for Qualified PoliciesQualified long term care policies are subject to federal income tax breaks, and it can also qualify for state income tax breaks (depending on the state where the policy is purchased). All...more
Most long term care insurance policies trigger claims when either of the two events occurs: severe cognitive impairment and loss of two of daily activities or ADL. Heres how claims process work:Inability to Perform Activity of Daily Living (ADL)Under federal and state law, activities of daily living include bathing, continence, dressing, eating, toileting, and transferring. It is inclusive of cooking and bathing.During the time of claim, the insurance company will assess your inability of performing activities under ADL. The best LTC policies pay benefits for two or more ADLs without assistance, while not worth considering policies oblige applicants to get assistance with more than two. Beware of policies that ask you to drop more ADLs for home care or care in assisted living facility. Severe Cognitive ImpairmentCognitive impairment means a persons intellectual capacity is impaired to the extent it has affected his or her short-term and long-term memory. Alzheimers or dementia falls under this category. The condition must be severe to trigger the benefit and to receive supervision. A cognitive impairment assessment will be performed to determine how severe the condition is.The...more
Not everyone can qualify for long term care insurance because most insurance companies impose strict rules to filter out only the deserving ones. Health and financial qualifications are important keys to getting LTC insurance coverage.Medical QualificationsMost long term care insurance relies on medical underwriting as the basis whether the person...more
Are you looking for affordable term life insurance but you dont from where to start the search. Nowadays there are thousands of people who share the same feeling. The good news is nearly all the people love to find affordable term life insurance policy. First of all it is really important to understand some really important factors. When you look...more
In todays ever-evolving world, gadgets have made an important place in our lives. Be it any occasion, people love to gift each other various types of gadgets that include latest electronic gadgets, toys for boys or any other gift. If you log on to any popular online gadget store, you can find huge range of gadgets which are not only latest but also affordable. You can gift gadgets to your family and friends such as SmartFinder Key Finder, Key bottle opener, CD wall tiles, MP3 Amp speaker and so on. There are hundreds of products that you can buy from popular online gift stores and gift it to your special someone, family and friends. But buying gift for your dear ones is not that easy. It can be an uphill task in case you dont know the taste and preferences of your special someone; you can take the help from special someones friends or family members. If you still feel confused, you can always consult a reliable online gift store for gift ideas. Most of the online gift stores have ample gift ideas for you. You can choose your favorite gadgets and gift it to your special someone. She will really feel happy.The best thing about reliable online gift stores is that these sites have...more
Having insufficient life insurance can have a devastating impact upon your family should you suffer an untimely death. However, at the same time purchasing insurance that you don't need is always going to be a complete waste of money. As such...more
As one gets of age they tend to start thinking about their families future without them. Life insurance, whether term life insurance or whole life insurance, is very important if they are the primary financial provider in the family. However, the...more
When they reached a limited age they tend to start thinking about term life insurance or whole life insurance for their families future without them. It is very important if they are great financial source for their family. Life insurance varies not...more
Do you want to get long term insurance, but are having a hard time deciding if it is in your budget? Then you have to know the factors that influence the long term insurance cost.If you are just smart about it, you really can afford it...more
At some point everyone or couple will need to request themselves: "How much life insurance coverage do they really require?" There are a great deal of problems to be handled here and it can make a huge distinction in the quantity you...more
IntroductionThis slide deck provides direct answers to the important questions regarding consumers behaviour towards Financial Services products. This series of reports provides country specific data, set against a global backdrop, to ensure the...more