Health Information Articles

When you purchase a whole life insurance policy, you are getting a permanent policy. Having a “permanent” policy means that you are responsible for paying the premiums until you die. This is different than term life, which is only effective for specific periods of time and must be renewed at higher premiums or converted into a permanent policy.

When you acquire a whole life insurance policy, your monthly premiums are locked in at one fixed price. They can’t be increased during your lifetime if you are careful to make your payments in full and on time. Because the money you pay in is invested, your cash value increases. The profits you get from monthly dividends may either be applied to your account to reduce your monthly payments or you may receive the dividends. The money you receive in dividends is tax deferrable — meaning you are not required to pay taxes on that income.

Whole life insurance gives you the right to withdraw money from the policy while you are alive. You can borrow money against the face value of your policy. Of course, doing either of these will reduce the benefits to your beneficiaries if you do not replace the money before your death.

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As people begin to live longer lives, the need for long term care has become apparent. You have probably noticed long term care facilities in your area. These range from full service facilities where people who are incapacitated can have round the clock medical care to assisted living where some folks are independent but need help once in a while.

The baby boomers are beginning to age and the need for long term care has become apparent. As a matter of fact, it is estimated that 70 percent of people will need long term care at one time in their lives. Yet insurance does not pay for most of this care. In many cases, a person has to use up all of their hard earned savings, money that they maybe wanted to leave to their children, and pay for nursing home care.

Once someone has basically bankrupted themselves by paying for their care, they have to go on public aid. In many cases, they are then transferred to another facility which may be far from their home. This can make it difficult for loved ones to visit with them, only adding to the misery of trying to recover from illness. If the person does get well, they find that they have nothing left - no home, no savings and no possessions. Everything went to pay for their care.

What expenses does long-term care insurance pay for? LTC benefits apply only to a facilitys room and board charge. All LTC policies cover facility charges for inpatient nursing home and skilled nursing care. Many also cover home health care, community care, and assisted living facilities, though at a lower benefit rate.

Can the insurance company cancel my long-term care insurance policy? No, your policy is guaranteed renewable for life. The policy may terminate only when you cease paying your insurance premiums or if you use the maximum amount of benefits available under the policy.Generally speaking, long-term care insurance is designed to help you pay for the day-to-day help you may require if, because of an injury, chronic illness or old age, you need assistance with basic activities such as dressing, bathing or eating–whether at home, in your community, or in a nursing facility.

Why Buy Long Term Care Insurance? Long Term Care Insurance Planners Home | About Us | Privacy | Legal | Free Long Term Care Insurance Quote | Site MapAlzheimer’s disease and other dementias are required to be covered by long-term care policies. However, if you have Alzheimer’s or other dementia at the time you apply for coverage, the insurance company is not required to accept your application or to issue coverage.Long-term care is the kind of help you need if you are unable to care for yourself because of a prolonged illness or disability.

Foreign visitors whether heading out on a weekend US road trip or planning a long family vacation on the road you must take some precautions to have a great experience. Your vacation can be ruined if you encounter trouble while driving. Before you start off on your trip, check out these travel tips.

1. Tires must be checked periodically. They lose air pressure every month. An optimum tire pressure is required to maintain the proper contact between the road and the tire. Your car’s fuel economy can be improved if you maintain the manufacturer recommended pressure in your tires.

2. Make sure you do an oil change before you start your trip. Check your owner’s manual to see what oil is recommended in each weather condition. Summer weather may need a thicker type of oil. Also make sure the coolant/antifreeze ratio is 50-to-50.

3. If needed top off all the fluids and examine the belts and hoses for cracks and wear. If your battery is between 3-5 years old get it tested. It can be strained in hot weather and it is safer to replace it than be stranded in the middle of nowhere.