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Types Of Insurance
By adel khamis hassan
Types of insuranceAny risk that can be quantified can potentially be insured. Among the different types of commercially available insurance are:Types of insurance--Automobile Read more...
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Single-premium Life Insurance Giving Seniors Double Benefits
By Bradley Steffens
Many seniors who have been fortunate enough to accumulate some wealth in their lifetime worry that it could all be taken away by a single, prolonged stay in a nursing home. They are right to be concerned. According to the American Association of Homes and Services for the Aging, a private room in a nursing home now costs $74,806 per year. And since Medicare does not cover extended nursing home stays, a few or even a couple of years in a nursing home could deplete a lifetime of savings and investments.
One solution is long term care insurance. The trouble is that the premiums tend to be high. Even if seniors can afford the premiums, many have a hard time justifying the expense. After all, there is no guarantee that they will ever need long term care. Why use part of a fixed income to pay for something that will never be used?
One possible solution that seniors might find more acceptable is a single-premium life insurance policy with a long term care rider. The fact that it is a life policy guarantees that it will be “used” at some point. The long term care rider offers flexibility of benefits should the policyholder ever need full-time nursing care.
As the name implies, single-premium life is paid for upfront with a lump sum. The face value, or death benefit, is larger than the premium—two or even three
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Income Protection And Cover
By Groshan Fabiola
Income protection is a policy that passes the risk from the person who buys the policy to the insurer. This insurance allows a person to recover from an injury or illness without having to worry Read more...
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Private Mortgage Insurance As A Condition Of Approval On Your Loan
By Calvin A Leonard
If you are a homeowner that was required to purchase Private Mortgage Insurance as a condition of approval on your loan, you are not required to carry this insurance forever. A mortgage life Read more...
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