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 your life. This does not only support you during your worst part of life but also maintains your peace...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...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 savings are put to risk and there's no sense to buying LTCi policies. Otherwise, this misconception that LTC insurance will just drain a person's assets should be erased on everyone's minds; long-term care insurance is a preparation not a risky investment. The federal government admitted that it can't pay the bill for long term care of all Americans. However, the government provides tax incentives to encourage Americans shoulder their own long-term care needs and promote affordable LTC insurance. Individual PurchaseTax-qualified LTCi premiums are treated as medical expenses. If you itemize the tax deductions. the medical expenses can be deducted up to 7.5 percent of your Adjusted Gross Income (AGI). However, the LTCi premium considered as a medical expense is recognized only by the qualified LTCi premiums based on the age and health condition, as set forth under the Internal Revenue Code 213(d). The amount that exceeds the eligible LTCi...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 for nursing care, although it has been saved up for your children's college or future business....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 family. That means if anything goes wrong with the person on whom the entire family is dependent, and if...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. Widgets can be divided in many categories according to usage, choice, age group, social group, requirements, purpose etc. The most popular devices in United Kingdom are electronic widgets, mobile phones, computer games, accessories, digital equipments and many more. Companies are introducing new toys and devices to attract more users and maximize their profit.Few years back, it was very difficult to keep update about the latest gadgets. But now in internet world, it has become really easy. People are required to logon on internet and they can access any information about the products. Cameras, laptop, computer, memory cards, electronic devices etc. are easily available online. Companies have launched their websites to provide more facilities to users. People can go online and purchase latest gadgets online without any problem. Parents do not consider online shopping as a safe option, but it has become very safe and authentic in current...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
Life insurance riders allow you to bring your policy to a custom-fit, adding whatever provisions and exclusions you require. There is a downside to making your policy non-standard, however, and that is that it can slow down your shopping process...more
Long term care insurance is a serious investment that entails time and planning. Premiums may be costly, but it is more practical to purchase LTC insurance than resort to paying out-of-pocket expenses. Good news is you can get discounts and save from...more
Most of us are counting on Medicaid, disability insurance, personal savings and other resources in battling with the challenges of old age. We rarely--or not at all-- think about the possibility of staying in nursing homes some time in the future, as...more
No one can escape old age, unless you die young. Long term care insurance is our most powerful defense when our age starts to wither and our bodies continue to shrink. Long-term care insurance can be absolutely expensive, but its cost pays off the...more