Disability insurance protects your income when you can’t work due to illness or injury. Many people will try to rely on workers’ compensation or government benefits programs for protection, but the reality is that workers’ compensation is limited to…
You didn’t pay your life insurance premium. Oops! You changed banks and forgot to update the insurance company or you forgot to send in the check or maybe you just didn’t have sufficient funds in your account. Whatever the…
A long-term care insurance policy generally pays for services (up to your policy limit) to help you with activities of daily living or if you have a cognitive impairment. These services typically include home health care, adult day care, assisted…
If you’re a medical professional like a resident, doctor, dentist, veterinarian, physician assistant, or nurse practitioner, disability insurance is one of the most important components of your financial security because your career relies on your ability to perform your job…
A paid-up life insurance is a life insurance policy that is paid in full, remains in force, and you don’t have to pay any more premiums. It stays in-force until the insured’s death or if you terminate the policy. Paid-up…
If you’re planning ahead and buying insurance for a potential long-term care situation, an important thing to consider is if you want a family member or friend to provide care for you. In making this decision, you need to know…
A life insurance policy’s term length is simply the amount of time the policy lasts. Common term lengths are 10, 20, or 30 years. Your term length is based on 3 main factors: How long will your debts and outstanding…
If you’re looking into long-term care insurance, you may not know where to start. Here are 6 tips for choosing an excellent LTC insurance agent: 1. Is the agent “independent”? Do they represent multiple insurance companies and have many options…
The way an insurance company defines a disability is SUPER important when buying a disability insurance policy. The 3 most common disability definitions are any occupation, modified own occupation, and own occupation. 3 Common Disability Definitions 1. Any Occupation “Any…
If you’re a couple researching long-term care insurance, a decision you need to make is the length of your benefit period. How long should you both have coverage – 2, 3, 4, 5, 6 years or even an unlimited time…