Life-Insurance Options Broaden ; Range of Policies - Including Life Settlements, Long-Term Care, and Survivorship - Calls for Scrutiny by ConsumersLife-insurance vendors are broadening their sales pitch on a range of insurance products.They should find willing buyers. About 50 million Americans say...
If you have others depending on you financially, you'll want a term life insurance policy lasting as long as those obligations. Learn more now.
In the absence of any coherent US long-term care policy, the 'lifecare' or 'continuing care' retirement community (CCRC) has emerged as one viable model, providing housing, health care, social supports, and long-term care insurance to about 300,000 elderly Americans. Some CCRCs have also ...
Options to pay for long-term care Essentially, there are 4 different ways to pay for long-term care: government assistance; traditional long-term care insurance; "hybrid" insurance, which offers life insurance or annuity benefits with long-term care coverage; and personal savings. Your options ...
U.S. News offers advice on the best long-term life insurance, including guaranteed issue and hybrid policies.
Life insurance policies with long-term care riderscombine two types of protection: a death benefit for yourbeneficiariesand funds for long-term care if needed. If you require care, you can access a portion of the policy's death benefit to cover costs. If you don't end up using the funds...
But don't make a decision on a long-term care insurance policy based on your needs alone. It may also benefit you to compare the following factors: The coverage type Long-term care insurance policies offer different types of coverage. The most common options are facility-based care, home ca...
Even though a long-term care policy is a contract, there are a number of emotional considerations to give thought to before purchasing a plan. Here are the top five things to consider when buying Long-Term Care Insurance: Buying LTCIshould not be approached with fear, panic or emotion. Buy...
A standard health insurance policy will cover most of the cost of treatment of a disease or injury. Medicare may cover up to 20 days of post-op services.5 What happens then? You might consider some of the options outlined above: Short-term care insurance; critical care insurance; an annuit...
It will provide a certain amount of the life insurance policy’s death benefit to pay for covered long-term care expenses if the policyholder needs care. It has no deductible or waiting period, unlike stand-alone long-term care policies.11 If you decide you don’t want to keep the ...