As it does with many personal finance issues, divorce can complicate things when it comes to health care in old age. As you prepare for a new, and single, chapter in your life, be sure to prepare for a time when you may no longer be able to care for yourself. Couples who divorce late … Read more
Marcus Pickett Hybrid life insurance plans combine long-term care insurance and whole life insurance under a single policy. These plans, also known as “asset-based” life insurance, allow policyholders to coordinate their retirement planning and financial safeguards. The long-term care insurance component protects financial assets from being drained by long-term care expenses, while the whole life insurance component … Read more
Troy Anderson When Alzheimer’s, illness or an accident leaves a family member unable to care for himself, long-term care insurance can be a godsend. But if you’ve got to use this coverage, how do you or a loved one file a claim? Long-term care insurance covers long-lasting illnesses and disabilities not covered by regular insurance or Medicare. … Read more
Thinking beyond today and into the future, we can all expect things to change—even life itself. Though most people prefer to live comfortably in the now, as one of many quotes goes, “Everything changes.” It’s how we prepare for those changes, and deal with them as they occur, that determines future viability. When others depend … Read more
Purchasing life insurance is the best way to ensure your loved ones are adequately provided for in case of your death. How? By guaranteeing your family’s survival in your absence. Life insurance can help your spouse pay off your home mortgage, provide an education for your children, supply monthly income for a period of time, … Read more
If you’re like many people and have more things to do than there are hours in the day, no medical exam life insurance may be a viable option for you. When the laundry is piling up, those videos need to be returned and you’re still on chapter one of the book you bought three weeks … Read more
None of us likes to think about our own mortality. But our loved ones mean the world to us, so we should prepare them for life in our absence. Life insurance is the best way to do that. Universal Life: What’s Behind It All Universal life insurance provides death protection for those you care about … Read more
“The only thing you take with you when you’re gone is what you leave behind.”– John Allston Life is unpredictable. You might randomly bump into an old friend or score a winning lottery ticket. But life’s capricious nature also makes it necessary to have sufficient life insurance to protect your family. According to the Life … Read more
According to the Life and Health Foundation for Education (LIFE), 64 percent of women have no life insurance and those who do have about half as much coverage as their male counterparts. Women’s contributions to their families are considerable from extra income to childcare. Regardless of your age, financial or familial situation, you likely need … Read more
The subject of life insurance can sometimes be complicated, scaring off even the boldest of insurance shoppers. But if you’re looking for a policy that’s simple and understandable, term life insurance may be just what you need. Though some types of life insurance are more complex and involved, term insurance is a less complicated vehicle … Read more