Health insurance *Costs reflect a national average derived from Genworth’s Cost of Care survey. Who Should Consider Home Care? In most cases, people want to remain in their homes for as long as possible; however, home care is not necessarily the best option for everyone. ...
Life insurance is a contract between you and an insurance company. In exchange for premium payments, the company pays a sum of money, known as thelife insurance death benefit, to your beneficiaries when you die. Beneficiaries may include your spouse, children, or other people or entities you ...
In short, if you don’t have long-term care insurance, you’ll have to pay for the care you need yourself. Medicaid is another option (seeLongTermCare.gov), but to qualify you will first need to exhaust most of your savings and other financial assets. ...
An umbrella policy is a form of personal liability insurance that is designed to extend the standard coverage provided by your underlying policies — including your home insurance policy, renters insurance, auto insurance and other policies like boat or motorcycle policies. It provides a kind of saf...
What is adjusted gross income? Your adjusted gross income (AGI) is used to calculate your state taxes and qualify for loans. Calculating your AGI is easier than you might think, and the IRS offers a simple online tool. If you need to find your AGI to fil
Liability insurance is the most basic form of auto coverage. If you cause an accident, it pays for the other driver's expenses, whether that's medical care or repairs to their car or. It doesn't pay for repairs to your own car, however — that requirescomprehensive or collision coverage...
Insurance is an essential part of our lives, providing a safety net and financial protection in case of unexpected events. With the advancements in technology and the digitalization of various industries, insurance companies are also evolving to cater to changing consumer needs. One such innovative ...
Final expense life insurance is designed to solve this problem. “The insurance companies built these policies to absorb the risk of some serious medical issues,” says Anthony Martin, CEO ofChoice Mutual, a final expense life insurance brokerage company. “This means that most seniors, despite p...
Life insurance is a legal contract between you and an insurance company. When you die, it provides a tax-free financial payout to beneficiaries of your choosing. In exchange, you make regular premium payments to your insurer for as long as the policy is active. What Is Life Insurance? Life...
These deductions apply only to out-of-pocket costs not covered by insurance.6 Long-term Care Premiums: If you have long-term care insurance, you may be able to deduct premiums if they exceed 10% of your AGI. There are limits based on age, and the insurance must meet IRS qualifications....