Long-term care insurance is coverage that will pay for assisted living, nursing home care or home health care in the event you are unable to care for yourself because of a chronic condition or disability. Long-term health insurance can be a smart purchase when you consider that 70% of those turning age 65 today will need some type of long-term care, according to the U.S. Department of Health and Human Services. However, not everyone can buy long-term care insurance. For some, the price becomes cost-prohibitive if they wait too long to make a purchase. For instance, according to the industry group American Association of Long-Term Care Insurance, a 65-year-old couple can purchase a policy...
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has released a new blog post explaining what is the best policy to buy before entering retirement! Clients should understand the benefits of having life insurance during retirement. A simple temporary plan can provide great financial security for loved ones as the benefit can be used to cover important and high expenses. By carrying life coverage during retirement, clients will no longer have to worry about their family’s financial future. It is now simpler for seniors to purchase life insurance at affordable rates. Seniors have access to a large number of plans and there are many agencies insuring older clients. This means that seniors can find plans at competitive rates simply by...
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Life Insurance Quote There are many reasons that a person should have life insurance but one important reason is to make sure your family will be taken care of in case something happens to you. There is no guarantee in life about how much time we have here on earth and while we would all like to think we will live to a ripe old age, the fact remains that most of us will not. Life insurance can help lift some of the burden that comes with the thought of passing on. No one wants to leave their family with a huge burden of debt, and today it is easier than ever to apply for life insurance. It all starts by getting a free instant life insurance quote. Just click on and you can get that free...
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Permanent life insurance is sometimes discussed as a way to save for retirement. Whether it’s variable, universal, whole life, or some other hybrid life insurance plan, these vehicles are sometimes touted for their tax-deferred potential and as a way to borrow money tax-free—a portion of the premiums go into an account that builds cash value along with the death benefit. Borrowing money from life insurance may look appealing because of the tax benefit, especially if you need a loan due to a job loss or other pressing need. But when it comes to creating a life insurance retirement plan, investors may want to consider alternatives. It’s worth it to weigh the differences, for example, between...
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Short Term Life Insurance Did you know Short Term Life Insurance is the least expensive type of life insurance available? That's right. And, it works well for people who want life insurance protection for a specific number of years. Term life insurance plans are good for people with young children who want to provide protection until their kids are grown, or out of college. Or, to protect your mortgage on your home. Term life insurance policies are sold for a specific number of years – usually 5, 10, 15, 20 or 30 years. The other type of life insurance – permanent life insurance, provides protection for your entire lifetime. A term life policy is very affordable compared to permanent life...
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has released a new blog post comparing term life insurance and life insurance without medical examinations. No medical exam life insurance plans feature a simple application process. Clients usually buy term life insurance for its cheaper rates and better coverage protection. However, it is now possible to combine the two policies into one: term life insurance without medical examinations. Simplified issue is a life insurance plan that provides temporary coverage and it does not require medical examinations. Clients can finish the application process online, simply by completing a questionnaire and by answering a few questions. No medical exam life insurance plans are a convenient way of...
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Compare Term Insurance No Exam Policies Do you want to compare term insurance no exam plans from the leading carriers offering you the best coverage at the most competitive prices? If so, you can get your free quotes for up to $1,000,000 of no exam term life insurance from an "A++" rated insurer. There’s no medical exam required, just a few health questions. If you qualify, you may start your life insurance policy today. What is no exam term insurance? No exam term life coverage is temporary life insurance offering you protection for a term of 10, 15, 20 or 30 years. There’s no cash value build up inside the policy. You pay for and receive only life insurance, no investment. If you outlive...
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If you are a senior who is looking for life insurance, or if you are an adult child who is helping a parent with this important decision, you might be feeling a bit overwhelmed by the multiple options that are out there. There are countless insurance companies that offer term life insurance for seniors, but understanding more about what is available can help you choose the best option for you. For example, you might be interested in term life insurance for seniors, but it is a good idea to learn a little more about it. Although many younger adults opt for this type of coverage, a lot of seniors find that other options are a better choice. By understanding the differences between various...
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Term life is one of two major types of life insurance (the other being whole or permanent) on the market today. This type of policy is designed to pay out a death benefit if the insured dies during the period of time specified by the policy. Because term life coverage can end before the insured dies, it’s sometimes referred to as temporary life insurance. Term life is a popular choice because it gives you a lot of coverage for your money. According to the American Council of Life Insurers, 40 percent of new policies issued in 2017 were term life. Those policies accounted for 70 percent of the total face value of policies issued. What that means is that the majority of life insurance...
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There are many factors to consider when comparing term life insurance policies. Some things to look at when comparing Term Life policies include the following: 1. Length of the term. Longer terms of 20 or 30 years usually cost more than 10 or 15 year terms, so if you are not comparing term policies with the same term length, you are not getting a true comparison. 2. Guarantees. If the premium is not guaranteed to stay the same each year for the entire duration of your term, you cannot compare it to a policy that is guaranteed to stay the same for the entire term. 3. Riders. You need to make sure each term life policy has the exact same riders (if any) to make an accurate comparison. Riders...
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