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...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. Long-term care insurance saves you from the guilt of using your own money in paying for long term care...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 his earning stops, then his family should not suffer due to any kind of financial crisis. Does best life insurance necessarily mean the cheapest Life Insurance? Best life insurance certainly doesnt mean the cheapest Life Insurance policy in the industry. This is so because Life Insurance includes 2 unique elements, namely Protection and Investment. Depending on the needs of a person, a mixture of the two would be the answer to his needs. The correct mix of the Protection and Investment portfolio generally renders for the best life insurance as per his needs. Therefore, lowest cost Life Insurance may not provide for the best combination according to his needs and hence it may not be the best insurance for him. Why do we have to review insurance policies before purchasing one? Insurance comparison would give him many different plans from...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,...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 for fuss free stable resources for future financial contingencies.On Wall Street and at Chicago's...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 because they don't want to pay for it and never use it. However, just like every other insurance product, it is better to have it than to realize later that we actually would have benefited from it.There are products available, though, that allow you access to long term care coverage if the need arises. These policies combine long term care insurance with other insurance products - life insurance or annuities. The long term care insurance can be added as a rider to the other insurance product being purchased.There are a variety of ways to purchase these combination products. It depends on what makes the most sense for the policyholder. Here are a few variations to consider.Premium optionsSome policies are only available with a single premium payment - one large lump-sum payment. Others will allow for multiple, flexible premium payments over time.If there is a concern that the premiums will "go to waste" if the policyowner never...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
There have been so many debates as to the pros and cons of purchasing long term care insurance. Through the years, long-term care insurance is part of every household of aging individuals. There are so many advantages of LTC insurance that everyone...more
This comprehensive SWOT profile of Hungkuk Fire & Marine Insurance Co Ltd provides you an in-depth strategic analysis of the companys businesses and operations. The profile has been compiled by to bring to you a clear and an unbiased view of the...more