#1 – Women Women are most likely to need extended care because they tend to live longer. Women live on average 5 years longer than men and tend to also suffer from chronic diseases that limit mobility versus men tend…
The Pension Protection Act & Long-Term Care Aren’t we all tax rebellious to a certain extent and within reason? Enter the Pension Protection Act (PPA), which just might be the best tax incentive afforded to people concerned about paying for…
Chronic Illness vs. Long-Term Care (LTC) Riders What do these riders do? They help pay for expenses when you become chronically ill and you meet certain conditions. They’re going to be added to permanent life insurance policies that allow you…
Are you self-employed? If yes, then perk up your ears. If you couldn’t work because of an illness or accidental injury, how would you pay bills and provide for your family and yourself? An individual disability income (DI) policy provides…
Many people believe that Medicare will cover most or all the cost of long-term care (LTC) for everyone, but that’s simply not true. Let’s take a closer look at what Medicare does and does not cover. What is Long-Term Care?…
What would happen to you and your family if you couldn’t do your job and earn income? How would you pay bills? Disability Income insurance provides monthly income if you can’t do your job due to an illness or accidental…
This is Jim and his family. Jim was a dentist who had a thriving practice. One day, Jim was cleaning out the garage and some debris got in his eyes. Come to find out, that debris had some really nasty…
Long-term disability is a good choice for most people because it reduces the risk of financial setbacks if you become disabled. If you don’t have coverage, that period with no income could make it hard to pay bills, support your…
Long-term care and short-term care insurance. What are the similarities and differences? Both long-term care (LTC) and short-term care (STC) insurance provide coverage when you need care from an accident, illness, or disability.
Short-term care insurance provides coverage when you need care from an accident, illness, or disability. How do you qualify for benefits? It’s like long-term care insurance in that you qualify for benefits if you need help with at least 2…