Those who are still scratching their head whether to get long term care insurance or not, there are good reasons why you have to purchase it now. Did you know that you can reap tax benefits out of your long term care insurance?Tax Benefits for Qualified PoliciesQualified long term care policies are subject to federal income tax breaks, and it can also qualify for state income tax breaks (depending on the state where the policy is purchased). All...more
Most long term care insurance policies trigger claims when either of the two events occurs: severe cognitive impairment and loss of two of daily activities or ADL. Heres how claims process work:Inability to Perform Activity of Daily Living (ADL)Under federal and state law, activities of daily living include bathing, continence, dressing, eating, toileting, and transferring. It is inclusive of cooking and bathing.During the time of claim, the...more
Not everyone can qualify for long term care insurance because most insurance companies impose strict rules to filter out only the deserving ones. Health and financial qualifications are important keys to getting LTC insurance coverage.Medical QualificationsMost long term care insurance relies on medical underwriting as the basis whether the person will qualify or not. The company looks at the persons past medical records not just the present health condition.The following guidelines are assessed to know if you might qualify for coverage. A person should be able to do any basic activities of daily living (ADL) such as eating, dressing, and walking.A person should be able to perform without help from another individual or mechanic device like wheelchair or walker. A person should manifest clear memory regardless of ageIf a person has had medical condition, it should not be severe and it should be well controlled.Below are the some of the conditions might affect your eligibility:AIDSALS (Lou Gehrig's Disease)Alzheimer's DiseaseCirrhosis of the liverDementiaDiabetes under treatment with insulinDiabetes Type II and heart problemsFrequent or persistent forgetfulnessHIVMemory...more
Are you looking for affordable term life insurance but you dont from where to start the search. Nowadays there are thousands of people who share the same feeling. The good news is nearly all the people love to find affordable term life insurance policy. First of all it is really important to understand some really important factors. When you look...more
In todays ever-evolving world, gadgets have made an important place in our lives. Be it any occasion, people love to gift each other various types of gadgets that include latest electronic gadgets, toys for boys or any other gift. If you log on to any popular online gadget store, you can find huge range of gadgets which are not only latest but also...more
Having insufficient life insurance can have a devastating impact upon your family should you suffer an untimely death. However, at the same time purchasing insurance that you don't need is always going to be a complete waste of money. As such knowing exactly how much coverage you need and what sort of coverage is most suitable for you is going to be a crucial decision.The first consideration you will have will be whether or not a policy is needed at all. Make sure that you think about your personal circumstances when doing this. Do you actually have any dependents? If there is no one who actually depends upon your income then there really is no point in getting a policy unless you are looking to get good rates now when you are young so that you can continue to save money in the future. In fact, this is quite a good option if you do want to find some affordable policies.Once you have determined that you actually need a policy you then need to work out how much coverage you need to get. Think about how much your beneficiaries will need in order to continue living without having to earn money themselves and for how long they will need it for.Generally people find that providing...more
As one gets of age they tend to start thinking about their families future without them. Life insurance, whether term life insurance or whole life insurance, is very important if they are the primary financial provider in the family. However, the...more
When they reached a limited age they tend to start thinking about term life insurance or whole life insurance for their families future without them. It is very important if they are great financial source for their family. Life insurance varies not...more
Do you want to get long term insurance, but are having a hard time deciding if it is in your budget? Then you have to know the factors that influence the long term insurance cost.If you are just smart about it, you really can afford it...more
At some point everyone or couple will need to request themselves: "How much life insurance coverage do they really require?" There are a great deal of problems to be handled here and it can make a huge distinction in the quantity you...more
IntroductionThis slide deck provides direct answers to the important questions regarding consumers behaviour towards Financial Services products. This series of reports provides country specific data, set against a global backdrop, to ensure the...more
One would think that this would not happened, as the investment is usually a rather large amount of money that is invested for their family's future and financial well being after they are gone. But after paying so much for...more