Long-term care insurance can help cover the costs of in-home caretakers. Getty Images With so many financial products and services on the market currently, it can be difficult to determine which ones are valuable and which just appear that way. This is particularly true for insurance policies...
The cost of term life insurance is unique to each individual. Factors such as your age, sex, health and lifestyle, smoking status, chosen term length, and the amount you choose to be insured for all contribute to determining the cost of your policy. You can customize your plan to fit yo...
Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured dies during the time period specified and the policy is active, or “in force,” then adeath benefitwill be paid. Term insurance ...
You may want to consider term life insurance if you: Can't afford the premium payments for whole or universal life policies Don't need or want to use your policy as a financial investment Only need coverage for a set period. For example, you might have children and only need life insuran...
Purchase a long-term care insurance policy now to solidify your plans for aging in place. To pay for a skilled nursing home Even if aging in place is your plan, there may be a time when a skilled nursing home is the more feasible option. After all, even if your family members have ...
In some cases, a medical exam may be required. The insurance company may also inquire about your driving record, current medications, smoking status, occupation, hobbies, family history, and similar information. If you die during the policy term, the insurer will pay the policy's face ...
What is term Life insurance?Chris Pentago
Qualifications will vary by policy, but injuries, illnesses, and other conditions you sustain while at work or because of work are generally not eligible for short-term disability insurance benefits. Work-related conditions are typically covered under workers’ compensation insurance.2 This is a benef...
How term life insurance works Term life insurance covers you for a period of time such as 10, 20 or 30 years. If you die during this timeframe, the policy will pay your beneficiaries the amount stated in the policy. If you outlive your policy, no one gets paid. ...
Types of term life insurance In addition to choosing the length of your term life insurance policy, you'll also need to determine which type of term life coverage you want. iStock When choosing term life insurance coverage, the length of the policy is going to be your primary concern. But...