Long Term Care Insurance Keeps Up With Inflation Just like any goods and services, the price of long term care also increases due to inflation. And when this happens, the burden is saddled by many American adults who desperately need long term care. We all know that long term care insurance is expensive, and the rates could soar in a year or two. Buying a long term care insurance inflation protection as addition to your policy can help...more
Choosing Long Term Care Insurance Policy and Company Long term care insuranceseems complicated and risky if you lack understanding on how it works and how it can affect you. You should be careful in deciding which long term care insurance policy you should use and which insurer should you trust to. There are different types of long term care insurance policies, and the riders add up to its complexity. The policies are not fixed in terms...more
Long Term Care Insurance: What To Know The moment adults are inflicted with debilitating sickness and/or disability signals the need for long term care services to prolong their lives. However, these services are very expensive that an average taxpayer would find it hard to cope with the bills. Both institutional and residential care rates are costly that are potential threat to a person's finances. With nursing home rates that rose to $75,000 a year this 2010, how can you pay the bills that may increase up to $90,000? Where can I get long term care insurance coverage?Long term care insurance is reasonably a good way to protect all your assets that you have worked hard all your life to achieve. You surely don't want to throw them away for nursing homes, do you? There are number of insurance companies that offer LTCi policies throughout United States. These policies can be purchased by individuals or by groups. How to choose a long term care policy? There are different types of LTCi policies offered these days. Indemnity long term care insurance or "per diem" policy pays a benefit that may exceed you actual expenses. However, reimbursed policies only pay for the...more
The Underwriting Process in Long Term Care Insurance Underwriting in long term care insurance is important for the companies to assess whether or not the applicant deserves to receive coverage. This is a two-way relationship between the policyholder and the company; the former pays the premiums and accept the risks while the latter will pay...more
The thread separating life and death is very thin! The thread separating life and death is very thin! We think we are immune to death. We forget it all the time yet it is very near, knocking at the door of everyone: It is time please.Once born, We think we shall live for ever (this is true for believers in the hereafter, but these also have...more
Mortgage Life Insurance or Life Insurance, What Is best? We have heard it many times. You were just approved for a mortgage, and the lender or your fiends tell you that you should get mortgage insurance. So you call an agent or do a search online. You ask the agent about mortgage insurance and the response often is, yes we do have it! And we offer great rates on mortgage insurance. And mortgage insurance is probably best for you. And....The question is, is there such a thing as mortgage life insurance? The answer is simply no! Mortgage life insurance and life insurance are really the same. Look at it this way, if you buy a "mortgage Life Insurance" policy and you die, what happens? A death benefit is paid out. If you buy life insurance and you die, what happens? Same! The bottom line really comes down to your needs and the final price of the policy (notice that I did not say the quote for the plan). In other words, if someone quotes you $25/month for a "mortgage life insurance plan", and you can get a comparable life insurance plan for less, then take the life insurance.Some people feel that mortgage insurance is better because it gets paid to the lender. First of all,...more
I Live Alone Do I Need Life Insurance? Copyright (c) 2010 Steve WentworthI'm a single home owner on a mortgage, is it necessary to have life insurance. Couldn't they just sell the house to repay the mortgage lender?AnswerAlthough this seems...more
Would you be able to sleep easier at night knowing that you can save your loved ones additional grief when you die by simply paying a reasonable premium that will take care of all of your final expenses? If you are nodding your head in agreement...more
First thing first, is there such a thing as police officer life insurance? Not really, but there is such thing as the right company and underwriter for life insurance for police officers. Life insurance is life insurance no matter what other term...more
When no exam life insurance started to be offered, it seems that all that was available was fast online response companies. You got approved or declined on the spot. Insurance companies used simple cross reference methods to weed out individuals....more
As a popular plan, whole life insurance is usually the most requested type of cash value life insurance. The question is, is it the best plan to use if someone needs to borrow from the policy? In most cases no! As you may know, whole life insurance...more
What are the risks covered by a life insurance? Life insurance quotes Toronto come with a wide range of products and a fair analysis of insurance risks. The life insurance Toronto agents are known as professionals who are always working in the...more