Category: General Insurance
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Insurance Issues that Concern Married Couples
What is it? If you are married or planning to marry, you should determine how marriage impacts your insurance needs. The lack of proper insurance protection can lead a married couple into financial ruin. If you already have disability or life insurance policies, determine whether your existing coverage is adequate and update your list of…
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The Fundamentals of Disability Insurance
Disability insurance pays benefits when you are unable to earn a living because you are sick or injured. Most disability policies pay you a benefit that replaces a percentage of your earned income when you can’t work. Why would you need disability insurance? Your chances of being disabled for longer than three months are much…
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Comparing Life Insurance Policies
Like anyone else, you want a life insurance policy that meets your needs and budget. But how do you find the right policy when there are so many to choose from and many of them seem so similar? The key is knowing how to compare policies and evaluate the results. Know what you want–and compare…
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Life Insurance as an Employee Benefit
What is it? In general Life insurance is a method of providing funds payable to named beneficiaries upon the death of the insured. If you, the employer, offer your employees life insurance as a benefit, it most likely will be in the form of group life insurance. Group life insurance provides insurance for a group…
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Life Insurance at Various Life Stages
Your need for life insurance changes as your life changes. When you’re young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities once again begin to diminish, your need for life insurance may decrease. Let’s look at how your…
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Five Questions about Long-Term Care
1. What is long-term care? Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. There are three levels of long-term care: Long-term care is not just provided in nursing homes–in fact, the most common type of long-term care is home-based care. Long-term care services may…
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Understanding Long-Term Care Insurance
It’s a fact: People today are living longer. Although that’s good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living escalate, you probably wonder how you’re ever going to be able to afford long-term care. One common…
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What is variable life insurance?
The insurance industry has introduced different types of insurance to meet consumer needs. For example, universal life insurance was created to provide a solution for many of the perceived shortcomings of whole life insurance and term life insurance. When consumers demanded even more changes from the life insurance industry, it responded with variable life insurance…
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Ownership of Life Insurance: Estate Planning
Ownership of Life Insurance: Estate Planning What are the ownership issues of life insurance? In estate planning, life insurance is purchased for several reasons: (1) to provide cash to the insured’s family for daily living expenses, (2) to provide cash for potential death taxes and estate expenses, and (3) to provide a shelter from income…