Every good financial plan includes some worst-case-scenario components. An emergency fund for when the auto mechanic uses the phrase "rebuild the transmission" or the boss says the word "layoffs." Life insurance in case you're not there to earn a living for those who rely on you. And for the more ambitious realists among us, long-term care insurance for those likely periods in our senior years when much of the help we'll require will be with the tasks of everyday life. In this segment of the Motley Fool Answers mailbag episode, we hear from a couple in their late 30s who want to be prudent and are considering getting policies. Should they act now or wait until their 50s? Hosts Alison...
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When buying life insurance, most people spend more time and thought determining how much coverage to get. But there’s another big decision to make, one that greatly affects how much premium you’ll pay. How long of a term should you purchase? The longer the term, the more you pay When you buy term life insurance, your premium payment buys coverage to insure your life for a specified term. The most common terms are 10, 20 and 30 years, though some insurers offer terms in five-year increments. The longer the term, the more you will pay in premium because the risk of death increases the longer you are covered. If you pass away within the term of your policy, the insurance company will pay your...
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World Out of Control? Buy Peace of Mind From Your Couch Term life insurance is cheap and most adults should have plenty All right, we’re all freaking out about a global pandemic and the potential financial chaos that could follow. It’s beyond our control, which is frustrating. So, here’s one crucial financial planning item within your control that’s also inexpensive and easy to obtain: term life insurance. Chances are you can buy a policy without ever leaving your shelter, er, home. Everyone knows deep down they need life insurance, but many households don’t have a policy in place. Some have insurance but not enough. With a term policy, you pay an annual...
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Retirement is an exciting milestone for many Americans, but a scary one for others. After all, it's hard to go from earning a steady paycheck to suddenly throwing caution to the wind and hoping your savings and Social Security benefits will be enough to sustain you for what could easily be a 30-year period of life or longer. And while you can do your best to plan for your golden years, increases in living costs and other surprises can still render you cash-strapped down the line. It's not surprising, then, to see that roughly 14% of Americans aged 50 and over are convinced they'll never really be ready for retirement, according to Nationwide. If that's how you feel, here are a few ways to...
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Affordable, guaranteed protection today – advantages for tomorrow Maybe your clients need life insurance death benefit protection for just a certain number of years. Perhaps it’s while their kids are in college. Maybe they need protection to help cover a business loan or protect their business from financial loss if a key employee dies. Level Term can help them meet those needs and more. See the value Rates in New York vary from the national version. Convertible prior to the end of the level premium payment period (10, 15, 20 or 30) or prior to insured’s attained age 70, whichever comes first. Ask your representative what opportunities may apply. Lincoln LifeElements Face...
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In a term insurance plan, the sum assured is paid on death within the policy term and there is no maturity value. If you are buying a term insurance policy, there are ways not only to save on the premium but also to grow the savings into a big corpus. What you need to do is to opt for an online term insurance plan instead of buying it offline. Online term insurance plans have lower premium compared to the offline plans. The savings in terms of lower premium can then be invested in equity mutual funds over the long term and may help you save in lakhs. In a term insurance plan, the sum assured is paid on death within the policy term and there is no maturity value. The premium paid is decided...
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Insurance With just days to go until the federal election, you might find yourself undecided on who to vote for. That's alright. We're here to help. As a website focused on personal finance, we want to demystify money for Canadians. That means informing you about the various promises being made by the politicians running to be Prime Minister. Below we list the four major federal candidates and what their financial policies are. This list covers the major parts of their platforms, such as housing, taxes and investing. We hope you'll use this resource to inform yourself about the key financial issues that matter to you. And remember, don't forget to get out there and vote on Oct. 21. ...
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LADA – Debunking a Common Type 2 Diabetes Misdiagnosis By Kara Miecznikowski and Divya Gopisetty What is LADA? How is it diagnosed and treated? Read on to learn more and hear from people living with LADA Just like type 1 diabetes, LADA is a form of autoimmune diabetes. This means that the body’s own immune system attacks and kills the beta cells in the pancreas that produce insulin. However, the “attacking” of all the beta cells takes longer in people with LADA than in people with type 1 diabetes. It is not possible to predict how quickly people with an autoimmune form of diabetes become insulin dependent. Individuals with LADA can generally produce enough insulin for six months to...
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Making money in equity markets is not easy and it gets doubly difficult when there is a fear of recession. India’s growth is at a six-year low and it sent the Sensex and the Nifty hurtling below crucial support levels on September 3. But, some stocks, including HDFC AMC, Asian Paints, Apollo Hosp and Dr Lal Pathlab, have braved the gloom to consistently hit fresh 52-week highs. On September 3, too, more than 30 companies hit new highs on the BSE, when the Sensex was down nearly 800 points and Nifty more than 200. Abbott India, Bata India, HDFC AMC, ICICI Lombard, InterGlobe Aviation, Infosys, Petronet LNG and TCS were among the stocks that did well. So, should one invest in these stocks? Or...
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These days, there's considerable fear around Chinese stocks thanks to the looming U.S.- China trade war. Nevertheless, some of the best-performing companies of late have been Chinese tech companies such as Meituan Dianping and Alibaba, which both posted terrific recent earnings reports. While the industrial and manufacturing companies in China are being hit by U.S. tariffs, the above examples show that at least some consumer-driven Chinese tech companies are doing just fine. Yet my current favorite Chinese stock isn't known as a technology company...though it really is. A tech company masquerading as an insurer Ping An ( OTC:PNGAY ) is typically known as a 30-year-old insurance company...
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