Outside of the individual market’s annual open enrollment period a short-term health insurance policy might be your best option, especially without a qualifying event. Short-term plans generally provide the most comprehensive coverage available outside of open enrollment Short-term policies have been around for some time. They are a good option for people who are between [...]
Fiction: I am probably already covered for long term care. Fact: Most people think that their insurance covers long term care expenses. That is not so. Long term care is NOT covered by other kinds of insurance, including your HMO, health or long term disability insurance. Only long term care insurance that you typically purchase [...]
Did you know that is more than one option when it comes to long term care insurance? With the traditional long term care insurance you pay your premium, and if you need long-term care due to age or illness, the policy pays out a daily or monthly benefit. Some people think that if they die [...]
Fixed Annuity: The insurance company guarantees that you will earn a minimum rate of interest during the accumulation phase of the annuity. Plus, it guarantees that the periodic payments will be a set amount. These periodic payments may last for a definite period, such as 20 years, or an indefinite period, such as your lifetime [...]
Anyone thinking about purchasing an annuity should carefully consider the following: The rating of the insurance company (indicating their financial strength) issuing the annuity, particularly in the case of a fixed annuity. Understand the fees paid to the brokers that market the annuities on behalf of the insurance company. Any withdrawal from an annuity may [...]
SIMPLE % Simple interest is a very basic form of interest. It is the interest gained from the original capital over certain time periods. For example, when you invest $10,000 with a simple interest of 10%, then you will receive $1000 in the first year (10% of $10,000 is $1000). You will continue to receive [...]
Which Makes Sense for You: Permanent or Term Life Insurance In a very broad sense, there are two types of life insurance: permanent life insurance and term life insurance. Permanent life insurance is a type of life insurance that can stay in force for your entire life, as long as you pay your premiums in [...]
Typ Term Life insurance is life insurance that you pay for during a specified length of time or term – generally one to 30 years. You select the amount of the death benefit or face amount to meet your needs. Premiums, or payments, which can be the same amount or increase with time, must be [...]
One reason for choosing a life insurance policy is to figure how much your dependents will need after you’re gone. In order to choose the face value (the amount your policy pays if you die) of your life insurance you should consider the following: How much debt you have: All of your debts must be [...]
A secure, comfortable retirement is every person’s dream. Since we’re living longer, healthier lives, we can expect to spend more time in retirement than our parents and grandparents did. Achieving the dream of a secure, comfortable retirement is much easier when you plan your finances accordingly. SOCIAL SECURITY RETIREMENT PLANNER CAN HELP YOU NOW A [...]
