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…
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…
Many people choose to self-fund their long-term care costs instead of buying insurance. Here are 10 reasons why long-term care insurance is better than self-funding: #1 – Leverage Self-funding or using your own money to pay for extended care is…
Dealing with a disabling injury or illness can be super stressful and expensive. If you have an individual disability insurance policy and qualify for benefits, it can be a real game changer. How do you file a claim? First, contact…