These days, nobody wants to wait. The faster the better and we did it with our coffee, food and videos streaming to our computers to name a few. However, some things are bound to stay as they were and that entails waiting - but that is a different story.When it comes to insurance, the age of waiting is long gone. Years ago, it is inevitable for people to fill out piles of forms to get one quote or to be put on hold while the other line is...more
No one knows what is going to happen tomorrow that is reality. Your seemingly happy and normal life could be stricken, all of a sudden, by an accident that could change your life forever. Or you thought it to be a simple illness but turns out to be otherwise. Planning to live a simple and contented life may only live as a dream as you unexpectedly meet your end. The possibilities are endless but providing your loved ones with their needs is...more
Right off the bat, people already knew the importance of having a life insurance policy but because of so many and often too confusing options, they would defer or not to have any at all. Without a doubt, choosing the right life insurance policy is a discouraging task and even if they did, they would not know if they had chosen the right one to fit their needs. Obviously, choosing for the right life insurance policy is not a rocket science. What you need is to understand your needs and to take things one at a time. This article will guide you to pick up the right term life insurance by going through some basic principles for a sound decision-making.To understand the whole situation, we need to compare it from whole life insurance. Term life insurance at this point is pretty straightforward. For a certain period, you are required to pay for a premium, and if you pass away within that period, your beneficiary could file a death claim. However, if you managed to survive beyond that period, you get nothing. Whole life insurance, on the other hand, is viewed as an insurance coverage and investment altogether. Your insurer will invest the premiums, and legitimate death claims are paid...more
Whole life insurance acts vas a cushion to not only your dependants but loved ones as well, in case of an untimely death on your side. This is the type which covers you for your entire life besides also being the one which your premium payment portions are added towards your policys cash value. There are basically three types of whole life...more
A rosy future is something that every mother and father wants to give a child, as seeing the child do well is worth any sacrifice that has to be made. However, we're only human, and our best laid plans can go awry in a matter of seconds.If you want to assure that your child receives whatever you have dreamt of, then the best answer is to insure...more
A lot of people will need long term care at some point of their lives, but this should not threaten their finances saved for themselves and their loved ones. Nobody wants to see his or her assets put to waste for expensive long term care services. That's where long term care insurance works. These policies cover poliyholders with chronic illnesses or disabilities in a setting that they have chosen. What's good about long-term care policies is that they provide tax advantages .Benefits paid under long-term care insurance policy came from daily maximums which costs around $30 to $300. You may opt to pay for lower benefits/ premiums, but dont pinch pennies on that. John Hancock, a private insurance company, conducted survey and found out that the national average cost of semi-private room in a nursing home in 2008 alone was $183 a day or $67,000 annually, and the average annual cost in an assisted living facility was $35,500. The amount of premiums depend on your age and health issues at the time of purchase. In fact, LTC premiums for people at age 65 are more expensive (normally twice) than that of age 55. Qualified LTC policies are eligible for federal income tax breaks. However,...more
The sale of long-term care policies in the past years lowered due to the wobbling economy and the staggering costs of LTC throughout the country. Many individuals are scared of investing on long-term care insurance, they believe that their lifetime...more
Some people choose to pay out-of-pocket expenses for their long term care, unaware of the financial disasters that could ruin their lifetime savings. After you've worked hard your entire life, it's distressing to see your entire finances used only...more
Life Insurance is kind of coverage that people purchase from the insurance companies that can be the source of protection and financial security of the family after his death. Basically, Life insurance is a security for the earning member of the...more
Today, modern life completely depends on electronic gadgets that influence all age group and social group of people. People can buy latest gadgets from anywhere. They are available everywhere like online shopping, regular stores, market place etc....more
Despite the recent volatility and looming uncertainty for America's financial health, trends show more Illinoisans turning to money market funds and Illinois life insurance policies. Analysts interpret these trends to suggest Americans are looking...more
So many Americans are worried about how healthcare reform will ultimately impact them. As we age, the potential for long term care needs becomes more and more of a concern.The biggest reason many people do not purchase long term care insurance is...more