Long Term Life Insurance Benefits of Long-Term Life Insurance Investing in long term life insurance covers your family against economic problems in case of any unfortunate event. A long term life insurance also makes sense if you want to invest your money in a useful program. A lot of insurance companies offer several life insurance policies, each with its own unique benefits and there is no clear answer as to which policy is the best for you since it depends on your individual and financial requirements. If you are a young professional with no additional financial responsibilities, a short term insurance plan may be apt for you. Yet, if you have a family and young children to support,...
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Let's see how it works To understand how this rider can help pay for your long-term care expenses, let's look at a hypothetical example. Melinda was healthy and active until she suffered a stroke, and as a result, became chronically ill. To continue living in her home, Melinda needed part-time care five days a week, at $20 to $25 per hour , for the remaining four years of her life. She also had to pay for services that she could no longer do on her own, such as housecleaning and yard work. Fortunately, she had a Universal Life policy with a $250,000 death benefit and the Flexible Care Benefit rider and was eligible to receive benefits. She chose to receive payments of $4,000 per month to...
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Long Term Life Insurance Quotes Shopping for Long Term Life Insurance Quotes Are you looking to compare the best prices for long term life insurance coverage? If so, it may be much easier than you expected. Actually, you can request and receive instant pricing on term insurance from 40 leading insurance carriers, showing you the best quotes on coverage for long term policies. By comparing your free quotes online today you may save up to 50% or more on your policy which could mean hundreds of dollars in savings each year you are insured. What is Long Term Life Insurance Policy? It’s temporary life insurance protection for an extended number of years. You are covered for the specific...
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Connect with experienced agents who can explain all your coverage options You want the best for you and your family. How will you provide for them when you're unable to contribute financially or no longer in the picture? It can be scary and overwhelming but we can help you prepare. Let us help you plan for what you need to take care of your family and loved ones. Life Insurance Affordable whole life and term life policies available Piedmont Advantage members get automatic discounts Insurance policies provide income tax-free money for your family Money can be used to pay for funeral costs, pay off loans and other expenses Coverage provided by TruStage To consult with a licensed agent, call...
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*Product will be available July 18th in 38 states with more to come - download the presentation below to learn more. As most people know, LTC Insurance used to be a lot less expensive due to a variety of factors. Because of the lower premiums, a popular option on plans was the unlimited or lifetime benefit period. For example, I bought my policy back in 2003. The standalone policy I purchased includes a current monthly benefit amount of $6,300, a 5% compound inflation rider, and and an unlimited benefit period. The current annually premium I pay is $1,180. (One reason the premium is so low is that 5% compound has more than kept up with the current cost of care - and when I received rate...
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In a very broad sense, there are two types of life insurance: permanent life insurance and 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 full. Permanent life insurance usually, but not always, builds cash value for you that you can use for expenses later in life. On the other hand, term life insurance is only in force for a specified amount of time: usually 10, 15, 20 or 30 years. At the end of the term, your coverage expires and you will need to either convert your policy to a permanent life insurance plan (if available) or purchase a new policy for a new term. The advantage of term life insurance is...
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Asset-Based Long-Term Care Innovative Alternatives to Long-Term Care Insurance You want to live out the last days of your life as comfortably and with as much dignity as possible. Whether you prefer home health care or living in a nursing home, preparation can reduce the expense and burden of long-term care on your loved ones. The State Life Insurance Company, a OneAmerica company, offers specific products, based on life insurance and annuities, which can provide long-term care benefits if care is needed. If you never need care, your asset passes to the next generation and becomes part of your legacy — making asset-based long-term care an innovative alternative to traditional long-term...
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Do you worry what will happen to your family members after your death? Apart from the mental trauma, your family will also be in a financial loss. You need to arrange for their well-being before you leave them alone forever. You can take care of this by simply opting for a life insurance program. We, at Legacy Partners, can be the right choice for you. We bring you high-quality insurance policies at reasonable rates. Right from health, disability, long-term care, Medicare supplement, to life insurance and commercial insurance, we have everything that you will need. With our comprehensive insurance programs and remarkable service, we are one of the most reputed companies for all kinds of...
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As we get older and enter retirement, some decisions need to be made regarding insurance coverage. We know from our own experiences with elderly parents – and from what we read – that long term care insurance makes sense. However, the premiums can be extremely high as we discuss in this related post. We also know that our need for life insurance may decrease as we age, while the premiums for coverage increase exponentially. Here are some of the key concepts to consider as you make insurance decisions around your retirement: You might need life insurance in retirement. In many cases, maintaining a life insurance policy in retirement still makes sense. If you have solid wealth,...
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Life Insurance Safeguard your family’s future with the right life insurance policy. Serving Long Beach and all of California. Don’t leave the future of your loved ones to chance. Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made to your family when you are gone. KOHR Financial & Insurance Services can help you find the right life insurance policy for you and help ensure that your policy continually meets your needs. Contact us today to get started. Life Changes — So Should Your Policy The right life insurance policy will be unique for you and dependent on your...
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