A question asked often by many people is "What is term insurance?" Consumers often find themselves at crossroads when buying insurance. It is a life insurance policy that provides coverage for a certain period of time. Life term insurance provides guaranteed benefits depending on how many years the policy lasts. Term insurance can easily be extended and thus proves to be inexpensive and convenient.Term insurance pays a predetermined...more
Long term care insurance is insurance which gives for in-home care of the patient. This would be added to the patient's current health insurance plan, or it is provided through Medicare plans. It's a plan which should be purchased separately from services for health coverage such as doctor's appointments or hospital stays.The services that long-term care insurance covers are services for the elderly or patients who want help with daily living...more
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look with a blank stare. FIM Group is a fee-only advisory firm, which means we sell no products (life insurance or otherwise) and are not compensated via commissions. As Certified Financial Planners (CFP), our job is to explain the financial planning process and inform clients of the holes in their planning. And after informing them of their needs, provide the name(s) of low-cost, low- load companies that sell the product most appropriate for a clients needs. Like it or not, life insurance is a necessary evil for those building wealth, those with very large estates who want liquidity to pay estate taxes if needed, those with debt, and those with one wage-earner in the family (i.e., one spouse works, the other stays home to raise children).Having said that, what follows are ten tips* about the various kinds of life insurance products currently offered on the market and some nuances of each:1. Life insurance policies fall into one of two...more
If you are over 65, or if you are taking care of an elderly person, you may have gotten some offers for senior life insurance. There are a lot of big companies, like AARP, that market a variety of life policies for older people. A lot of older people wonder if they should buy a policy to help provide cash for their families when they...more
50000 executives /agency managers & 12 lakh part time agents of Life Insurance companies are going to be out .These are the estimates of Research & Analysis Wing of Insurance Foundation Of India and were released by S. K. Sethi ,Vice President of the foundation ,which is a non profit organization and is working on various projects...more
Don't let the fact that you are someone who does not have any health insurance at this point in time prevent you from getting the medical attention that you need. If you know that you are sick, things are only going to get worse for you if you neglect to see a doctor. And, if you're worried about cost, it is certainly going to be more expensive to treat a severe condition than it would be to receive treatment the minute that you think something might be wrong. So, it would be advantageous for you to find a doctor in Chicago who works at an immediate care clinic. This is a smart decision because you will find quality care in a professional environment, and you will also find that the treatment is going to fall well within your budget.Some people who do not have any health insurance mistakenly assume that they have to go to an emergency room in order to receive treatment merely because an emergency room staff has to treat everyone who comes through the door. Although this is true, it doesn't paint an accurate picture of the experience. You will find that if you get care at a hospital without insurance, you are still going to receive hospital bills in the mail. You'll be...more
The latest book - The Dealer and the Dead - from Gerald Seymour is raw and hypnotic at the same time, though it does look more like reporting rather than fiction. You may also be disturbed by its brutality. This is the story of a British arms dealer...more
Is your Life Insurance up-to-date? Life insurance is like the Swiss Army knife of estate planning: there are so many ways you can use it as you plan to pursue your goals. Whether you simply need to insure yourself or need to protect...more
In the event that you hurt yourself or experience a minor illness, do you know exactly where you would go for the treatment that you need? Would you wait until your private care physician is able to see you, or would you rush off to the...more
Knowing the underwriting objectives, a professional life insurance agent must likewise observe basic responsibilities that must be accorded to the clients. If done properly these responsibilities will act as a bridge in order to build...more
Once you get your life insurance quote, there is just one thing standing between you and the issuance of a life insurance policy. And that thing is life insurance underwriting.What is life insurance underwriting?Life insurance underwriting is the...more
Whole (or permanent) life insurance policies are more than meet the eye. Sure they offer a death benefit that caries through the rest of your life as long as you pay your premium and keep the policy in force, but more than that they offer an...more