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Where would the money come from surviving a serious illness Financially?

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Where would the money come from surviving a serious illness Financially? -

Everyone knows that it's not cheap to be sick. And for those who are facing serious illness, mounting medical bills and be on the job can mean a financial crisis and a health crisis. It is always better to understand in advance where the money could come to you and your family to deal with something like this help
man-rubbing-eyes-300x214 Health insurance :. Although health insurance will cover part of direct costs associated with a serious illness, these plans generally require the payment of deductibles, coinsurance and / or co-pays, which can vary from $ 2,000 to $ 10,000 or more in out- of-pocket costs to you before the plan provides 100% coverage.

If you choose out-of-network care from a specialist or hospital nationally recognized, you can face significant additional costs, plus the cost of travel and accommodation. In addition, the indirect costs associated with recovering from a serious illness, such as changes to a home or a vehicle, the costs of care and convalescent care, may not be covered. It is important for you to know what your health care plan will not cover before a serious illness strike

Disability insurance :. This type of insurance typically replaces part of your income if you are sick or injured and unable to work. If you are covered by disability insurance, you must know the answers to questions such as :?

How long must be disabled before benefits begin
What benefit you receive [1945002?] How long the benefit payable
social security benefits: assuming you qualify, the social security disability benefits do not begin until the sixth full month of disability and are generally not sufficient to replace your purchasing power
savings and investments: a single serious illness could consume the assets you've worked a lifetime to accumulate

Ask yourself :. If you have suffered a serious illness and were out for three to six months, would you be able to survive financially? If the answer is no, contact your agent or financial advisor today.

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Retirement: A time bomb for the self-employed

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Retirement: A time bomb for the self-employed -

Reuters published the article, "As more independent American Go workers, retirement time bomb turns," the review this pension time bomb. He considered the lack of retirement planning and the underfunding of pension plans for the self-employed. As he said: "If you ask independent workers about retirement savings, a shocking number exactly give the same answer:" What retirement savings? "

This is a major problem not only for self -employed, but for the US as a whole. With more and more people without regular employment and the benefits that come with them, the article said that our nation is facing a time bomb retirement

Therefore :.

  • 28% of the self-employed were not saving at all, and 40% were only saved from time to time, according to the independent TD Ameritrade holding Corp. and retirement Survey.
  • 40 percent of the workforce will be freelancers, entrepreneurs and temporary workers by 2020, according to a study by Intuit.

Although the traditional way of saving for retirement is not designed for independent culture, those working on their own need to take responsibility for their retirement. The article highlights some of the methods available, including:

  • For those who have a significant margin each month, an individual retirement account retirement Simplified Employee (SEP-IRA ) may be appropriate. The contribution limits are much higher than for traditional IRA: 20% of income, or $ 52,000 (whichever is less) in 2014. (See IRS
  • For those who have less to save, a traditional IRA or a Roth IRA will probably be a good fit. these have annual contribution limits of $ 5.500 (plus an extra $ 1,000 for those over 50).
  • for those whose flow cash is erratic, as is often the case with freelancers, then a percentage system may be more appropriate, the allocation of a percentage of the monthly salary at retirement.

the time is of the essence for independent workers to begin saving. According to the article, only a third of all Americans are contributing to 401 (k) s at the moment, and if these workers are not motivated to plan their retirement, the retirement savings system will become even more broken it already is, and programs funded by the government are not the solution.

also keep in mind that life insurance, disability insurance and long term care insurance should be part of the overall plan. If you die before completing your retirement savings goal or become ill and are unable to work, you must always have resources for you and your family to fall back on. Insurance can provide that safety net.

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Documents End of Life: What are they and what I Need

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Documents End of Life: What are they and what I Need -

I recently read an article by Jean Cherni in the New Haven Register, who discussed the need for end? life planning family shadow documents. And what are these documents and why do you need? Here is a summary:

No. 1 :. durable power of attorney This shall appoint another person to transact business, legal and financial for you until you die

Why do you need Let's say you are. ? incapacitated by an accident or illness, it allows the person you have chosen to act for you and quickly. This can help you avoid many problems, including guardianship and trusteeship rights difficult to obtain. (If you're not sure that one of these two terms mean, this article makes it clear.)

No. 2 :. Appoint a health care representative As with the first document that allows someone to act on your behalf to make health care decisions if you are unable. It allows them to do things such as the review of health records, authorize admission or discharge from the hospital and take decisions on vital medical procedures.

Why do you need? You will have peace of mind knowing that your wishes will be fulfilled as you want, especially regarding vital medical procedures. It also avoids the arguments of the family about who should have the last word.

No. 3 :. Directives or living care ADVANCE This puts in writing the decisions you've made about your health care instructions, if you will, to your doctor so that your wishes are followed if you are unable to articulate.

Why do you need? it provides, for example, you receive the treatment you have decided in advance if you are terminally or unconscious phase permanently.

It helps to ensure that the treatment you receive in a terminal condition or permanently unconscious are together with your wishes and advises your health care representative.

No. 4: A will or revocable trust . This puts in writing who will inherit your property when you die, and how. Both documents can help eliminate, prevent or postpones taxes that are payable when you die. A lawyer can help you decide which of these documents is best for you.

Why do you need this? If you do not have a will or a revocable living trust, essentially the government will be able to decide how and to whom your assets are distributed, and it may not be the ones you want .

These legal documents require the guidance of a qualified legal counsel to ensure they meet the requirements of your state of residence, and if you already have them, but have moved to a new state, they should be checked for their compliance with the laws of your state.

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Our views on life insurance and finance-In Facts Tweetable

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Our views on life insurance and finance-In Facts Tweetable -

For the fourth consecutive year, life happens and LIMRA were checking the pulse of the American people and their attitudes on life insurance, retirement and financial well-being.

2014 study Barometer insurance just published shows that children of the millennium, 25-34, show the highest level of concern across all generations for common financial issues planning, including savings. retirement, paying for the education of a child and burden others with the final expenditure

retirement is certainly not to be seen with rose-colored glasses: 52% of 25-34 year olds are "very "or" extremely concerned "about having enough money for a comfortable retirement, followed closely by those aged 35-44, 47% have the same concerns.

and if ever there was a stone of stumbling to life insurance property which was really "not there" price, or better said the price received Get this. When asked the price per year for a $ 250,000 20-year policy of level term life insurance policy for a healthy 30 years, the median cost given by the 25 and under $ 1000 was nearly 10 times the actual cost of $ 150 annually. overall, more than 80% of Americans overestimate the cost of life insurance.

overall, more than 80% of Americans overestimate the cost of life insurance.

Couple this with the fact that many people prioritize things like paying for cable and mobile phone or eating out on obtaining life insurance. Ouch!

Here are 10 life insurance facts of the study are "tweetable" which means you can share them by clicking on the fact that you want to tweet and the tweet will be generated for you. And make sure to follow us on Twitter at @lifehappens.

The source of all these statistics is 2014 Insurance Barometer Study, life happens and LIMRA.

Tweet 65% of adults agree that they personally need life insurance and 27% say they need more than they have. #LifeStats

Tweet 31% say they would feel the financial impact of the death of the main wage earner in 1 month. #LifeStats

Tweet 52% of 25-34 year olds are very / extremely concerned about the lack of money for retirement. #LifeStats

Tweet 47% of 35-44 years are very / extremely concerned about the lack of money for retirement. #LifeStats

Tweet 80% of Americans overestimate the cost of life insurance. #LifeStats

Tweet Those under 25 overestimate the cost of life insurance in 10x! #LifeStats

Tweet 59% or more have not bought life insurance because they have "other financial priorities" http. // lifehap .pn / 1g7wUnM #LifeStats

Tweet financial priorities: 52% selling expenses such as cable and cell phone before buying a life insurance #. LifeStats

Tweet financial priorities: 1-5 pay for activities like eating out on buying life insurance #LifeStats


Tweet 24% have not bought life insurance because ". nobody approached me "http (First!): // lifehap .PN / 1g7wUnM #LifeStats

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We'll get the facts on disability and the need for disability insurance

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We'll get the facts on disability and the need for disability insurance -

If you are like the typical American worker, you believe that your risk of loss of income due to illness or injury is much lower than it actually is. As a result of this misconception. you may not have taken steps to protect your income with disability insurance. Here's why that's a mistake.

30 years earn between $ 40,000 and $ 50,000 today will probably win more than 3 million $ in their career job if they stay healthy. Failure to protect the most valuable financial resources, your ability to earn income, can result in financial disaster.

This is not what you think

When asked if they know someone who has become disabled, the most common answer is "no ". Yet more than 8.9 million US workers, over 5% of the working population receiving social security disability insurance benefits today and SSDI is difficult to qualify for. If we change the question: "Yes." "I know someone who has had cancer, a bad back or heart problems", the answer is invariably

One of the myths lasting disability is the average working hypothesis America that disabilities are more likely to be caused by accident. In the gap of disability research series, conducted by the Council to raise awareness of disabled people, by a wide margin, employees have said that if they were to become disabled, it is likely caused by a catastrophic accident:

  • 64% of employees surveyed said "a disability would cause someone to miss at least one year of work"
  • an astonishing 31% said a disabled employee would "never return. at work."

This catastrophic perception of disability results in employees underestimate their risk of long term disability. When they realize most disabilities are caused by much more common diseases, they begin to understand their own risk is higher than they thought.

A disability application is much more likely to result from a diagnosis of illness that is chronic and common.


Let completely separate from fiction. Every year for the annual long-term disability claim review, CDA collects data on the claims of the involvement of insurers disabled with a combined insured population of over 30 million workers. An evaluation of more than 0,000 disability claims recorded in a given year indicates the percentage of active requests that were caused by injuries is still below 10%. The remaining 0% or so have causes that are classified as diseases. While catastrophic accidents cause some disabilities, those often very visible, a disability claim is much more likely to result from a diagnosis of illness that is chronic and widespread.

The five causes of all disability claims assets in 2012 were as follows:

# 1: musculoskeletal and connective tissue: 30.7% for the 2012 long-term disability claims reflect diagnoses in this category. Specific examples include back pain, joint problems; muscle, ligament and joint disorders, arthritis, claims_pie2012 degenerative discs, sciatica and

# 2 .. The nervous system and detect conditions related to organs These diagnoses accounted 14.2% 2012 applications and include multiple sclerosis, epilepsy, paralysis, Alzheimer's disease, Parkinson's disease, amyotrophic lateral sclerosis (ALS), eye and ear disorders

# 3: .. cardiovascular / circulatory conditions 12.1% in 2012 requests resulted in circulatory disorders such as hypertension, chronic heart disease, heart attack, stroke, aneurysm and disease of the coronary artery

# 4 :. cancer diagnoses of cancer, such as breast cancer and prostate cancer. , Lymphoma, Hodgkin's disease and leukemia were the cause of 9% from 2012 claims

# 5: injuries .. Finally, injuries, including fractures, sprains and sprains, dislocations, contusions, burns, poisoning and allergic reactions have been diagnostics to 7.7% in 2012 disability claims.

the bottom line is that injuries are in the mix, but the vast majority of disability claims resulting from common diseases that are very familiar to almost every American worker

your best financial move is to defend your income with disability insurance

Sources: 2013 .. the Council awareness of disability long term review of disability claims

the Council for disability awareness Divide Research Series 2010-2013

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6 reasons Millennium If Consider life insurance (even if you do not have children)

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6 reasons Millennium If Consider life insurance (even if you do not have children) -

There are facial recognition software that the name of your friends and ask you if you want to mark on your social media profile. You can text message to someone across the world, and you can play a video game with a complete stranger on another continent. Technology has made so many amazing things over the last 20 years, but there is still no way around our own mortality.

While it is never pleasant to talk, your death is inevitable. It's easy to forget that when you're young. Everything seems to go as planned, and most young people have few links with the sorrow of death, out of the way of their grandparents.

But adulthood is an advantageous time to buy life insurance. The advantages to do are many. If you are not sure whether you need insurance or not, consider the following:

1. You have dependents. First, life insurance is not for you. It is for those you leave behind. People who depend on you-your load. Dependents must not be children. For insurance purposes, these are people who father with son on shoulders rely on your income, which would have to go without, if something were to happen to you. This could be a spouse, boyfriend / girlfriend live with that you own a home. You should also consider your children, parents, grandparents, siblings with special needs, etc.

If you have dependents in a situation of long-term care (or those you might consider requiring such assistance in the near future), or because of old age or disability, the life insurance is a necessity. Most young people simply do not have the financial means to cover those kinds of expenses of long term care. An insurance policy can help.

In addition, if you have a spouse who stays at home, consider the ramifications of your death. that person would not only be forced to get a job outside the home, but pay for child care as well. How long do you think your spouse might find something that would cover these expenses?

Life insurance gives you peace of mind, knowing that your loved ones would not be affected financially by your death.

2. The costs are lower. life insurance premiums are risk calculations based on mortality. Since the average life expectancy is 79 years old somewhere around there is less risk for a company to ensure a healthy millennium. Less risk for the company, means relatively cheap premiums for you. Coverage can usually be obtained for pennies on the dollar. (Think of the cost of a fancy latte every week.)

The premiums are based on the applicant's age and the rates generally increase with age. If you buy a policy as 20 something, it will be at a lower rate than if you wait until you're 40. You could save a few hundred dollars a year, as long as 30 years, if you act now versus later.

more, qualification for cover as a healthy millennium can be much easier and less expensive than the application after you have been diagnosed with a health problem. Do not wait. A health problem may arise overnight and qualify for a life insurance policy can be a very different experience once you have been diagnosed.

3. You want an additional savings vehicle. If you still have a reason to dig into your savings, consider purchasing a permanent life insurance policy that has not only a death benefit, but a savings component so . You can borrow against it and using it in retirement, according to the policy and company behind it.

Think of a permanent life insurance plan as a portfolio asset that will help you secure your family and your retirement. Your generation understands the importance of saving for the future. A permanent life insurance policy can help you do so with minimal effort on your part, plus there is no limit to what you can contribute to some of the savings, unlike a 401 (k) or a Roth IRA. Once you're retired, you can draw on some of the savings tax-free policy.

4. You want to extend your insurance-backed company. Millennials who are lucky enough to have a good paying job with excellent benefits can benefit from life insurance through their company. While this provides some peace of mind, consider purchasing other, independent coverage. If you become ill and are no longer able to work, work your policy will not cover you. Since you have been diagnosed with a terminal illness, you may not be able to get a life insurance policy at the time. Now when your family needs the most advantage, they did more. Also the most basic coverage does not cover everything your family needs at a time when they are ill equipped to meet their needs.

5. You want your funeral expenses and liabilities covered. Although nobody depends on your income, such as a spouse or children, you must consider your debts and funeral expenses. The only way funeral costs between $ 10,000 and $ 15,000. Some debts would be lifted to your death while others would be collected by whatever assets you have left. Your parents are able to manage such expenses or will it create financial difficulties for them?

Millennials want to decide what amount of coverage they need to pay for funeral expenses and bad debt when deciding the amount of insurance coverage.

6. You want to take advantage of riders for more coverage. Life insurance is not all about the death benefit paid to your loved ones. There are also riders that can be added to policies to meet the needs for things like long-term care and disability. You are more likely as a young person to be injured in an accident that you are to be killed in one. If you were injured and unable to work for a certain period, or permanent disability, do you have a plan in place to cover your expenses? A disability rider to your life insurance policy may protect against the unexpected.

Frankly, most people will ever need financial comfort provided by a life insurance policy while they are young. But if your family is the one that makes your forward thinking and planning will facilitate their concerns during a very challenging period. How will you plan for your future?

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10 Everyday Things that cost more than term life insurance

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10 Everyday Things that cost more than term life insurance -

Adults and parents fear. We care about the health, safety, financial security and the future of our family. But most families need to put their money where their heart is through the purchase of term life insurance. (This is the most affordable kind when originally purchased and provides protection for a specific period of time or "term".) However, the issue is not hypocrisy, but a lack of research and financial literacy . In a life that occurs and the LIMRA study this year, 65% of households did not buy life insurance because they think it is too expensive.

To show that this is a common error, the study asked Americans to estimate the cost of a 20-year, $ 250,000 of term life insurance policy level for a healthy 30 year-old male. Eight out of 10 people overestimated the cost, saying it would be $ 400 per year, which is more than double the actual cost of about $ 0 per year, or about $ 13 per month. Surprisingly, one in four thought that it would cost over $ 1000 per year.

And just know that if you have serious health problems, pre-existing conditions or leisure high risk that would likely require a high-risk insurance, obtain affordable coverage is really simple.

How is life insurance?
To put the real cost of term life insurance in perspective, here are 10 products or services that people regularly spend money on this cost over a premium term life insurance would be for a healthy 30 years at $ 13 per month

  1. supply -. According to the National Council of Defense resources, Americans waste about $ 529 per year or $ 44 per month on snacks and junk food
  2. alcohol -. According to the Bureau of Labor Statistics, the average American consumer spends 1% of their discretionary income on alcohol
  3. Tobacco - .. For households with smokers, 14% of income Americans are spent on cigarettes
  4. Gym membership - the $ 30 per month, you go on a 24 Hour Fitness membership will used could be better spent funding your policy life
  5. Electronics -. This new 55 "LED TV that costs $ 800 could be used to cover about five years of long-term life insurance premiums
  6. games . - Video game average $ 50 per new version . Do not you think your child would prefer that the financial security of a game, he / she will play for a few months
  7. cars - under-use on your next car purchase $ 3,000 and a loan period of six years with 0% APR, you will save $ 500 per year or $ 40 per month
  8. Gadget -. Depending on the version you get an iPad costs about $ 550 with tax years, almost three and a half years of premium payments
  9. Entertainment - .. a pair of movie tickets, popcorn, and a drink, a total of $ 25
  10. mode . - a pair of designer jeans costing $ 50 or more

Saving money and the financing of your life insurance policy is not to make life miserable. In fact, the average cost of life insurance is so low compared to your overall budget, that even small concessions such as reducing waste and limiting frivolous purchases can open your budget enough to buy a financial tool very necessary.

ultimately, peace of mind and pride to ensure the financial future of your family outweigh any temporary pleasure of a materialistic purchase.

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Can I still obtain life insurance after a heart attack?

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Can I still obtain life insurance after a heart attack? -

There should not be a surprise that people with a history of disease such as heart disease would have a harder time approved for life insurance than those in good health. But the key word here is difficult, not impossible.

If you have had a heart attack, knowing what to expect when you apply for term life insurance will greatly increase your chances of getting good coverage.

What Do insurance providers need to know?
The key is to be open and honest in dealing with insurance companies. Do not withhold information from them, as they will likely need a medical examination anyway, in which everything will come out. You must be prepared to answer the following questions :?

  1. When were you diagnosed
  2. Do you have underlying problems that caused the heart attack
  3. How often do you visit your doctor?
  4. What treatments have been recommended to you?
  5. What treatments have you had? (Including surgery and drugs)
  6. has your condition improved since the first diagnosis?

What If I Have Had Multiple Attacks heart?
If you have a more severe form of heart disease and / or have had several heart attacks, it is always possible for you to get approved for coverage. You just have to be aware of what your options are. You can not end the amount of coverage you want, but some companies do offer standard or regular term (in some cases, standards) life insurance policies for people with this type of history the health. If the traditional coverage is not available, a life insurance policy or high risk of a term of classified services may be needed.

What kind of price can I expect?
where each person will be different, so it is impossible to say exactly what prices will be offered. However, to get an idea of ​​what you can expect, look at an example.

Kyle is a 43 year old man who had two minor heart attacks in his life, but not in recent years. It is also a non-smoking, which puts him in a better light with insurance companies, and his most recent medical tests showed that his condition has improved.

Because of this, it will be able to get a life insurance policy, but because he had several heart attacks, he can not be offered regular rates or lower rates to standards instead, more regular or preferred.

rate to a policy of $ 150,000 with a term of 20 years, Kyle will probably be offered between $ 35 and $ 70 per month. On the other hand, if Kyle decides to implement a policy of only $ 100,000 for a period of 15 years, rates, it is proposed will probably decrease from $ 10 to $ 30.

As you can see, it is possible for people to obtain life insurance coverage after a heart attack. The key is knowing what to expect before you apply.

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This Is What Anthony Anderson thinks life insurance

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This Is What Anthony Anderson thinks life insurance -

may know Anthony Anderson of his hit TV series black-ish and as an host Eat America . But this month, he will be taken on a new role in 2015 national spokesperson for Life Insurance Awareness Month.

As spokesman for the campaign, which is coordinated by life happens, Anthony is sharing her personal story of how he and his family were directly affected by life insurance.

As a young boy growing up in Compton, Calif., Anthony saw the importance of his family put on life insurance. Although his parents are not many, they have Mary or the family of Anthony called it, "The Lady of insurance." Mary was a staple in the house Anderson, visiting family throughout the year to review and update the life of his parents insurance Conditions. She even sold Anthony its first life insurance policy when he turned 18.

Now a husband and father, Anthony understand why his parents have life insurance is a priority, and has made it a priority for his family to be protected.

"Even on their limited income, my mom and dad instilled upon us all the importance of planning for the future and the fact that tomorrow is not promised to everyone," Anderson said. "I know how hard it is to lose someone you love. An accident took my brother when he was 26 and shortly after, I lost my father to diabetes, a disease that I, myself, am today. He was passing through these rough death, but the fact that they both had life insurance so much easier. "

The awareness campaign for the month of annual life insurance, which takes place in September, encouraging more than 100 million Americans who do not have sufficient life insurance to get the coverage they need . You can start planning your own here.

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life insurance declined? Here are your next steps 3

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life insurance declined? Here are your next steps 3 -

It, AOS difficult to learn that the life insurance company you applied to will not offer you coverage, especially if you expect fully Yes!

you can fall into, Äúimpaired risk market, Âu which means you have something in your background makes you a higher risk of dying things prematurely, Äîthink as diabetes, obesity, previous diagnosis of cancer or even a driving history impaired.

While many candidates with this type of history They include, Aore against an obstacle or two, it, AOS not easily be denied life insurance coverage. But often it doesn, AOT means hunting for approval is complete.

There may still be options, which include the application of a more appropriate company or applying for a different type of policy.

Here three manageable steps you should take if you, AOVE been refuse life insurance .

1. Gather information. Before an insurer denies a request, they collect a lot of data from multiple sources to assess your risk. If the risk is high enough, you will be evaluated, postponed or refused. In any of these circumstances, request more information about the reason for refusal is your right.

Upon request, the carrier can provide detailed information on the reasons for the request is denied, if it was due to medical history, current test results, record or other thing of conduct. Denials of current exams tend to be more shocking, as you may not know of a disease or a prior illness.

2. Confirm the results. Errors may occur. The son can be crossed. Check the data that was provided to the insurer. If poor exam results were cited as the cause, confirm with your primary care physician. In some cases, a company can simply deny coverage because of the new, undiagnosed lab results, although there is little cause for concern.

In other scenarios, you may be denied for professional risk or leisure, criminal records and even financial distress. With files like these, which aren, AOT updated or detailed enough, can lead to the postponement or decreases because the subscriber can simply AOT evaluate a good risk profile.

3. Working with an agent. Even with proper research, the first company you apply to isn, AOT always necessarily better. Passing along detailed information to an agent can allow them to search the better options. A high risk of life-trained insurance agent can evaluate information in depth and find a better solution for you.

But you must also understand that the application to another carrier is an option if the ground for refusal (such as diabetes) is another may accept (because your diabetes is under control with medication) . Each life insurance company adheres to its own set of underwriting guidelines, which means the same applications to separate carriers might give different results.

There may still be options, which include the application of a more appropriate company or a request for a different kind of politics.

If the cause of rejection is too large, a life insurance policy type entirely different may be the last resort. Using, Äúgraded at or guaranteed products make possible life insurance for people with pre-existing conditions or adverse risk profiles. Although they cost more and are usually delivered with maximum death benefit, they can be a solution.

Recording in the Long Run

After being approved for life insurance, keep an eye out in the coming months or years. Depending on your situation, you may have options to reduce your rates. Here are two quick examples:

Let pass the time Some dubious risks simply require more time to pass between diagnosis and time of application .. As the medical records and follow are recorded, and the symptoms go or become stable, your rates may go down. In addition, concerns a driving record or criminal record may also just need a certain amount to have elapsed when the offense is withdrawn or settled.

Check the workplace. If life insurance is offered by the group insurance at work, it could end up being more affordable, based on the program offered. It could also lead to fill the gaps in the coverage of a graduated policy or guaranteed behind.

There is no one-size-fits-all regime to fight against a declination. However, taking these steps could alleviate stress and inconvenience that make finding coverage so daunting.

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6 Things You Did not Know About Long Term Care Insurance

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6 Things You Did not Know About Long Term Care Insurance -

When you think about the long term care insurance, what comes to mind?

Unfortunately, some people have some misconceptions or have an unfavorable view of the long term care insurance, largely due to problems in its infancy. But that was then. Today, there are more options on simple solutions and flexible long-term care. Let's take a look.

1. You decide which care is received. One of the most common myths is that the long-term care insurance provides nursing home care, and nothing is further from the truth. It provides home care for those who prefer to "age in itself," as well as care for adult day care, assisted living facilities and hospices. In fact, the insurance claims of most recently opened long-term care is home care, according to the American Association for Long Term Care Insurance (AALTCI).

2. The benefits can be extremely flexible. In addition to the options for where the treatment is received, most long-term care insurance policies offer greater flexibility in the types of services available, such as home modifications such as installing grab bars or a ramp to help you stay home longer and safer; or other products related to personal care and supplies, such as a chair lift or hospital bed.

3. It supports family caregivers. long-term care insurance recognizes the important role of family caregivers play in long term care situations by offering options that can make it easier for families to take care of those who took care of them . Most policies offer training for caregivers of the family, which helps ensure care recipients receive the best possible care. Other policies go the extra mile recognizing caregivers, family and even friends who provide care, such as caregivers, making their time and services payable under the policy.

4. It provides shareability for couples. Many long-term care insurance policies offer optional coverage commonly called "shared care", which allows couples to share their coverage and maximize their benefits. Here's how it works: if a spouse exhausts its benefits, he or she can begin to use the benefits of the other spouse. This provides couples with the peace of mind knowing that their coverage will be there if care is needed for longer than expected. It also generally includes built-in protection to ensure a surviving spouse can still receive long-term care insurance benefits.

5. It is not "just for the elderly." While it is an essential part of retirement planning and significant protection for your later years, the younger you are when you apply for insurance for long term care, the better. Age and health are two of the most important factors in the application, so the application at a younger age will help make it more affordable, and you are probably more insurable in a health perspective. In addition, accidents and illnesses can occur at any age and understand the need for extensive personal care. Planning can really pay.

6. Long-term care insurance companies paid $ 7.8 billion in benefits last year. According AALTCI, carriers paid a record $ 7.8 billion claim for benefits to 250,000 people in 2014, against $ 7.5 billion the previous year. You can interpret this number in two ways: People are living longer and more care is needed, or the cost of care is increasing, which are both true. But it also shows that the assurance of long-term care works. It is to help families provide care for their loved ones in a setting they prefer and protect their finances.

I encourage you to learn more about long term care insurance and why it is an essential element of retirement planning. Ask your financial advisor about this and other features and how it helped their customers as it has helped 250,000 families last year.

You can also find this Real Life Stories video on Mollicone family, who did a great job of showing how the assurance of long-term care can protect the family finances, ensuring peace of mind and mitigate the impact of long-term care when it is needed.

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Thanks to the recovery drive to

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Thanks to the recovery drive to - Disability Insurance

At 26, Michael Sizemore was alive two of his dreams. Never athlete, he was training to participate in his first marathon. And he enjoyed his new position calling for the unemployed and the disadvantaged in the community through non-profit organization where he worked. After years of studies and earning his master's degree in public administration, he felt ready to start the mission of his life to helping others.

Both these dreams collapsed around him one night while he was out with friends. As they walked down the street, a drunk driver ran a red light at high speed and hit Michael.

His injuries were so severe, including major head injuries, the doctors did not know if he would survive. He was placed in an induced coma and his parents rushed to his side. There were countless surgeries to treat his head injuries, repair broken legs and face the multitude of other injuries he suffered

Watch her story :.

disability insurance makes the difference
With the strength, determination and a lot of rehabilitation, Michael improves every day, including being able to walk again. But during the three years it has taken, he was unable to return to work. Instead, he focused on long-term disability insurance he had through work, which Jimmy Jacobs agent had helped his employer has implemented. With it, he was able to pay rent and utilities, and afford to keep his truck.

Although his life will never be like before, Michael hopes he will be able to work again soon. And he attributes his disability with helping him get there. "I'm always rebuild my life and myself," he said. "My disability was key. I would not be where I am without him. "

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Want to help a student struggling? Your vote can help

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Want to help a student struggling? Your vote can help -

May high schooler Breann suffered something few can imagine. She lost both parents. His mother died the day after being seen by doctors for leg pain they were unable to diagnose. His father died a few days later of a heart attack.

His father had no life insurance, and left no other financial resources. Breann said that while his mother had life insurance, his stepdad, "ended up taking all the money. ... With nobody to support me financially, and from my last year, I know that the college will be difficult to pay. "

Thea was a student in high school when his" Papa "had a debilitating stroke right in front of her. He was in a coma for two years. Meanwhile, she graduated from high school, but has delayed his college plans to work two jobs. "The money I earned helped my mother and me survive," she said.

When he died in January, he left the family without life insurance. Thea said that having her life insurance "would have made a life-changing difference." She is determined to get a college education, however, that his father taught him the importance of education. "He wanted to give me the life he never had," she said.

Both students are recipients of $ 7,500 scholarships Life Lessons Scholarship Program, which helps college bound students experiencing financial difficulties due to a dying relative and leaving little or no life insurance. You can help by voting along that should receive the scholarship of $ 15,000 Video.

Click here and look at their videos on the move. Thank you not to forget to vote and share the link!

In addition, you can make tax-deductible contributions to individual life lessons Scholarship Program, which will fund scholarships for students as Breann and Thea, which making the dream of a college education a reality. To make your donation online, click here.

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How much do you need to retire? The number may shock you

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How much do you need to retire? The number may shock you -The Wall Street Journal reported earlier this month that to live comfortably in retirement, you will need anywhere from 70% to 100% of your pre-retirement income. To help you calculate this, the Journal referred to in Cori index. This index will help those who are between 55 and 64 years calculate how much money they have to have 65 years to fund their retirement. For example, at 55, the index is $ 12.82 which means that for every dollar of retirement income, you need to have accumulated $ 12.82. If your goal is $ 80,000 starting income to 65, you will need your retirement fund (IRA, 401k, investments, etc.) for $ 1,025,0. If you are 60, it jumps to an index Cori $ 16.05, which requires $ 1,284,000. These figures stand in a rate of 2.5% per year inflation, but the question is, can you get these numbers?But that's not all you have to plan. An average American couple retiring at age 65 today would need a present value lump sum of $ 293,000 to cover future health insurance premiums and medical expenses out of pocket on the rest of their lives, ie, unpaid fees by Medicare (source: actuarial Company).$ 293,000? Most people do not have that amount set aside to live on in retirement even less to pay for unreimbursed medical expenses. If you are over 55 and have not started your planning, it can be difficult to achieve these goals, but if you are younger with more time for your planning and investment to work, these goals should be easily achievable . In both cases, reach out to your agent or planner to guide you through the appropriate decisions for your personal goals.

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It is a hard path When a parent dies With No Life Insurance

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It is a hard path When a parent dies With No Life Insurance -

Meet Melina. She is one of the most remarkable woman young and determined that I have ever met. Take just 60 seconds to watch his story:

It took courage for her to share a personal story of losing her mother and how she had to work so hard to get where she is. Melina was chosen to be first in a public service announcement (PSA) for the Scholarship Program of life lessons studies.

This is a very important program that helps bound students who have lost a parent to realize a dream of a college education. Unfortunately, these students experiencing financial difficulties due to a dying parent with little or no life insurance. Each year we receive thousands of scholarship applications, and since the beginning of the program, we granted a total of $ 0,000 in scholarships. But for every student who receives a scholarship, we must turn away thousands more. In an effort to bring more attention to this powerful program we decided to create this PSA to share the story of Melina.

The PSA was shot in Las Vegas on a sweltering summer 110 degree day. We spotted several locations for filming, including my favorite- Anthem Park. Melina said she would often visit this nature point of view clear his mind and briefly forget terminal illness of his mother. The view overlooks the whole of Las Vegas. Although this is a short hike to get up there, it was a sight breathtaking. We turned right at dusk, when all the city lights turn on. It was amazing and surprisingly quiet in such a noisy city famous.

I remember Melina said she can now go to this place not in sorrow, but in the assessment of how far she has come. When we were together, she also said how grateful she was for the life lessons Scholarship Program to help get her life back on track, and credits his scholarship with financial weight lifting many of its shoulders.

There are still thousands of students as Melina struggling forcefully without their parent or parents and need a helping hand. You can help with your tax-deductible donation. To make a donation to the Scholarship Program of life lessons studies, click here .

And finally, I would just ask parents reading this who have young children to think about the consequences of not having life insurance or enough of it. Would you what happened to Melina to get to your children? Otherwise, take action now to get the coverage you need. Start here.

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14 weeks in New Financial You

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14 weeks in New Financial You -

I would venture to say that most people struggle with finances-striking that balance between spending and saving. When taking into account the credit cards, or in fact the misuse of credit cards, it's easy to see how this balance can get out of whack. Among households with credit cards, the average debt on them was $ 15,352- average , according to an analysis of federal statistics by

I would add to this the fact that most people who would attack the debt or find the financial balance right are discouraged because they do not know where to start or where to find the right information.


Enter the book "Soldier of Finance," written by Certified Financial Planner Jeff Rose, founder of, and a frequent contributor to US News & World Report, MarketWatch and this blog, among others. He gives a 14-week "boot camp" easy to understand to help you overcome your fear, break bad habits and get back on track.

He weaves in his personal experience of being in the military-it is a combat veteran in Iraq, but it is really about life lessons, and not weapons and combat. as he says, "in dealing with my own finances the mentality that I learned in the army, I find the resources and the attitude that I had to get out of debt and begin a successful investment program. "

Yes, to get out of debt and to a point that you have money to invest in your future takes discipline of military discipline, but this book makes it manageable by breaking it into weekly tasks, discover where you are, to repay debt, to get started investing. In the chapter "Your Body Armor", it also gives good advice on the importance of insurance, including life insurance. In addition, each chapter has a checklist of "Go / No Go" (love!) And a summary for those who are "play or disputed attention."

It's a new year then why not take a 14 weeks stab at a new financial life with "Soldier of Finance"? As the book says, "Ask yourself a simple question:" Am I serious about taking control of my financial life If the answer is yes, then the time commitment is now?. "... and the book gives you the know-how.

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5 Places to give your finances a spring clean

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5 Places to give your finances a spring clean -

Snowmelt. The flowers are in bloom. Spring is here and for many that means rid their homes of cobwebs and clutter that has accumulated during the winter.

Spring also a good time to give your finances a good cleaning. Many may be changed in your life over the past year, and some seasonal editing work is a good way to stay on top of your finances and possibly save some money in the process. It's time to get to work.

If you moved around a lot, you may end up with accounts opened at a few different banks, and a bunch of monthly statements and other correspondence in result. Simplify and rationalize by consolidating your accounts in a single financial institution. Not happy with your current bank? Now might be a good time to go.

Once you have your accounts in order, check with your bank to see if you qualify for better interest rates or lower fees.

Also, move your online banking life to save space. Many banks offer monthly statements online and give you access to old checks and monthly statements by computer as well. Pay all your bills electronically is another good way to get rid of excess paper.

Credit cards and debt
have not checked your credit score in time? According to a 2013 study by the Federal Trade Commission, 5% of people have errors on their credit report at one of the three major reporting errors-organisms that could be detrimental to their score and forcing to pay more for loans and insurance.

Even a change of 50 points in your score can make a huge difference when shopping for loans.

Even a change of 50 points in your score can make a huge difference when shopping for loans and inaccuracies in your credit report can drag your score down as much. Pull your reports from all three major credit bureaus, you can do to, review and ask that errors are corrected.

Then take a look at the interest you pay on your credit card balances and compare it with other credit cards. Credit card companies are often willing to lower your rates if you are a long time customer with a history of making payments on time. It does not hurt you to ask.

retirement accounts and investments
Many people have at least one retirement account from a former employer sitting around collecting dust. Instead of dealing with multiple 401 (k) accounts, roll in a streamline your retirement savings.

Watch your 401 (k) beneficiaries. If you have not updated this information in a while, you could still be a list of your parents as beneficiaries of a 401 (k) you got your first job. If you are married and / or have children, you'll probably want to change that. The same with divorce. You probably do not want your ex listed as the beneficiary.

Consider increasing your 401 (k) contributions. At a minimum, you should be set aside enough to gain full match your business.

life insurance
Many people think life insurance as a 'set and forget' product. They pay the premium, but if not, do not pay attention the coverage they chose when they got political. and it can be very good if you do not have life changing events your insurance needs. But take another look if you :.

  • married or divorced, which means you need to update your beneficiaries and check to see if your coverage is correct
  • do more than when you bought the policy, which affects the amount your family needs for income replacement.
  • had more children, increasing the amount necessary cover child care, college and other expenses .
  • have a new mortgage, which changes the amount and duration of the life insurance policy you need.

one in four Americans say they need more life insurance, but only one in 10 say they are likely to buy a policy next year, according to 2014 insurance Barometer Study by Life Happens and LIMRA. If this is your year to take the plunge for life insurance, life happens' life insurance needs Calculator can help you assess your insurance needs.

Give these five areas of a good spring clean and head into the summer with your finances neat as a pin.

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The death of a mother brings a fight, but there is hope

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The death of a mother brings a fight, but there is hope -When Brittney was 20, his mother died of a pulmonary embolism. When she died, she had only $ 300 in the bank, and no life insurance.In an instant, Brittney was to become a mother for her two younger sisters and one supporting the family while continuing his college studies. "I work full time, and I go to school full time, and I take care of my sisters full-time," she said.But this fight n ' has not stopped working Brittney to achieve his dream. with the help of a grant from the life lessons scholarship Program $ 10,000, it is able to continue his studies for a bachelor of science in social work.Brittney says: "My dream for the future is ... help people who are in the same situation as me ... I will be the first in my family to get a college degree I wanted.. always make my mom proud and do it for her. "This year, the life lessons scholarship program will award 24 scholarships totaling $ 125,000.So if you are a student who fights like Brittney, who lost one parent who had little or no life insurance, see the application process for the program this year.or if you are a player who knows of a young adult who could use this assistance, please pass along the link to the application: please hurry, the deadline is March 31, 2013.

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This may jeopardize your retirement

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This may jeopardize your retirement -

The rising cost of health care in the United States has become one of the main risks for a financially secure retirement. With the cost of health care should continue to rise faster than inflation, the time to plan your future health care needs now before retiring. Here are some things you'll need to plan:

long-term care: Are you familiar with the variety of long term care services available? If it becomes necessary, what type of services do you prefer? How will you pay for them? Have you looked in the long term care insurance

Advance directives :? Have you contacted your medical care wishes in the event you suffer a catastrophic medical event? Have you appointed someone else, another family member or spouse to make medical decisions for you in case you are incapacitated

Paying for retirement health care: Do you know what your out-of-pocket costs for health care could be after you retire? Did you know that Medicare while covering many of the costs of health care, has important limitations? Are you familiar with the different types of insurance that can help pay the costs of health and long-term care is not covered by Medicare

Did you know: ?

In 2013, males aged 65 have a life expectancy average additional 17.8 years, while women aged 65 can expect to live 20.4 years on average. (Source: Profile of Older Americans: 2013, US Department of Health and Human Services)

A 65-year couple who retired in 2014 needs about $ 220,000 to cover medical expenses retired [

While estimates vary, a couple to retire at age 65 without private health insurance from a former employer can expect to pay the costs of out-pocket health care important during their retirement years. Fidelity Investments, for instance, estimates that a couple of 65 years who retired in 2014 needs about $ 220,000 to cover medical expenses in retirement. This estimate does not include dental expenses, long term care or over-the-counter medicines. (Source: 2014 health care of retirees Cost Estimation, Fidelity Investments)

At least 70% of people over 65 will need services and long-term at a time supportive care given to their life (Source: 2015 Medicare & You, centers for Medicare & Medicaid services)

The national median daily rate in 2014 for a private room in a nursing home was $ 240, an increase of 4 35% compared to 2013. (Source: Genworth 2014 Cost of care Survey, March 2014)

the average length of stay in the nursing home is 835 days. (Source: Civil CDC and Health Statistics, Series 13, No. 167, June 09)

At a median daily rate of $ 240, an average stay of 835 days of nursing home now costs more $ 0,000


If you would like assistance in planning your health care needs in retirement, you contact an agent or advisor.

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8 Financial Must-Dos for honeymooners

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8 Financial Must-Dos for honeymooners -

My wife and I went tandem bungee jumping together on our honeymoon. There is something about an adrenaline rush like that makes you think about the bigger picture. And as a financial planner for honeymooners, it made me think about planning, we had in place and have a conversation about what our future goals alike.

First, just talking is not the greatest. Open communication between you and your new spouse about your joint financial goals is one of the most important things you can do so that you can avoid financial surprises down the road. Once you know where you stand and where you want to go, you can take the appropriate steps to get there. Here's what we learned.

1. Set up a joint checking account: Even if you plan to keep your finances somewhat apart, it is very useful to have a joint checking account you both access to

2 .. Establish a budget: Make sure you are on the same page about how much you save and expenses on a monthly basis. You will also want to assess the debt you each and implement the plan in your monthly budget to first pay off the debt at higher interest rates.

3. Coordinate benefits at work: FIG join if medical or dental plan of the joint offer better coverage and / or price than what you currently have. Also make sure you are both taking advantage of the company match in your retirement plans.

4. Re-evaluate your overall investment allocation: Now that you have common goals, you must ensure that your investments are not opposing one another. You want to make sure you do not take unnecessary risk by being too overweight to some area.

5. Protection Plans: Someone else now relies on you and your income. Make sure you have the appropriate amount of disability insurance and life insurance in place, so if something terrible does happen, it will not be financially ruin another.

6. Beneficiaries and titling of accounts: Most of your accounts and pension insurance will never go through a will if you die. This is the same with joint accounts. They go directly to the designated beneficiary or the holder of a joint account. Because of this, make sure they are all set up the way you want.

7. Name change: If you change your name, make sure that you update and inform the IRS, social security, credit card companies, DMV , banks, etc.

8. Emergency Fund: Make sure you have enough money readily available in case of emergency. This might be three months to one year of your salary, depending on the degree of security your work and how volatile your income is.

There can be a daunting task to coordinate finances with your new spouse, but it is very important. Once completed, all these steps will help you move smoothly forward financially with your new spouse.

This article is intended only for information purposes and should not be construed as a recommendation to buy or sell securities or securities product. Matt Hoesly is an investment advisor with 1 resources, and a registered representative of Ceros Financial Services, Inc., member FINRA / SIPC. (Resource 1 and Ceros are not affiliated entities). The securities offered by Ceros Financial Services, (not affiliated with Resource 1, Inc.). 1445 Research Boulevard, Suite 530, Rockville, MD 20850. (866) 842-3356 Member FINRA / SIPC

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6 Money Mistakes 20-somethings Make-and what to do about them

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6 Money Mistakes 20-somethings Make-and what to do about them -

Life as a young adult can be no wrinkles, but it is not always pretty.

When asked Helaine Olen, personal finance columnist at and author of The card Index , which it considers as one of the greatest obstacles to the well 20-Somethings to be ready financial students came to the front.

that many students today are forced to finance higher education through debt means they start adulthood waaaay in the red. But Olen said 20-Somethings can take heart in one thing: "People in their 20s do not make mistakes that are not always made by the elderly that they"

The! thing to remember is that time is on your side. that means you're young enough to recover from even the most spectacular financial failures. on the other hand, makes this good, informed decisions now can affect huge on your lifestyle in the coming decades

Be smart and avoid these six common missteps :.

1. Do not take the bull by the horns. "When you're just starting, you need to make a lot of decisions," says financial adviser Woody Derricks Partnership Wealth Management in Baltimore. "My grandmother said," Life can be frustrating when you're young, because you make the least amount of money and need the greatest amount of things. "Keep these two principles in mind you embrace the challenge:

  • Protect your cash flow. Do not run up new debt, advises Derricks, and includes free loans on home furniture.
  • Understanding the balance. It may be tight, but make sure to save for goals such as short-term capital needs and long-term emergency such as retirement, as well as maintaining adequate insurance protection.

2. Focusing too much on the repayment of student loans. Likes debt, but many financial advisers say there are actually other more important things at this point see "Understanding the balance" above.

"The worst thing people can do is to pay off their student loans and then in a situation where they have to run their 20% interest credit cards," says Derricks. In contrast, student loan debt is generally low interest and often tax deductible

Suffering from a disability that prevents you from not work ... can be financially catastrophic.

3. Do not have disability insurance. Suffering from a disability that prevents you from not work is much more likely to premature death, and it can be financially catastrophic, contributing to 62% of all personal bankruptcies, according to a study by the American Journal of Medicine. Yet only a third of Americans have a disability insurance, according to the insurance Barometer study 2016 by Life Happens and LIMRA. This type of insurance you pays part of your salary if you are sick or injured and unable to work.

If you think Social Security will intervene to help, think again. Claims take at least a year to treat, most requests are denied and the average payment if you qualify? Just $ 90 per month for less than 40 years, according to Social Security Administration.

Fortunately, "young people can often get the majority of disability insurance they need through work at very reasonable rates," said Derricks. In addition, private disability insurance coverage can fill the gaps, and you follow from job to job.

He cites the example of a young client whose work involved manual labor. "She became pregnant, and provided coverage throughout her pregnancy and the period originally thereafter. For her, it was really perfect for a short-term coverage."

4. not having enough life insurance. Regarding the group life insurance, most people need more than they can get through work, and they often qualify for better rates on their own. In fact, individual coverage costs much less than most people imagine, and it stays with you, regardless of a change of employment.

Even if you do not own a home or are not yet a burden, think of someone who would be financially affected by your death, especially any co-signer of a loan, which would become responsible for the refund. (Here are five reasons you might consider if you're single.)

Second, consider that life insurance will probably never be cheaper for you than it is today, and that insurability is ever given. Lock protection now and your future self may thank you one day.

5. Not taking advantage of your employer's benefits If your employer matches 401 (k) contributions, do not leave money on the table .. Contribute to least until the adaptation limit

and those drills survey deduction accounts payroll? Use them to set aside thousands of dollars each year for uncovered health expenses childcare, commuter parking and mass transit tax free ,. Will 2017 be your year of LASIK?

6. Succumbing to the wedding mania. "You want your wedding to be memorable," said Derricks, "but I went to a lot of things that were memorable and quite amazing and the couple did not overspend." Instead, think of your wedding day that you and your beloved first chance to avoid a major money mistake set .

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Off the Racetrack With Danica Patrick

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Off the Racetrack With Danica Patrick -

may know driver professional race car Danica Patrick for his revolutionary career on the circuit. But this September, it will also be front and center promoting the power of life insurance as a spokesman of the Life Insurance Awareness Month, coordinated by Life Happens.

Here, it opens on the life and life insurance.

You are an accomplished professional and fierce race, but everyone has to start somewhere. Do you remember your first race?

Danica Patrick: There is actually quite unforgettable. My sister and I started racing Go Karts when I was 10 and she was 8. The first time we released them, he was in the large parking lot behind the company of my parents. We set up boxes in a circle so we can do laps. But once there my brake pedal fell to the ground, and I did not know what to do. Instead of turning or rotating, I went straight, and at the last minute veered to miss a trailer built and crashed into a concrete wall. I twisted the Go Kart, flew, got bruised leg the whole affair. It does not scare me, but by all means my first racing experience is not going well.

When did you first get life insurance, or at least consider it?

Danica Patrick: It was an easy decision for me to get a life insurance policy at a young age. I participate in a risky sport where I drive 0 miles an hour with concrete walls around me. In addition, I had the chance to have a successful career from the beginning, and I want my family to be looked after if anything should happen to me, especially since my parents sacrificed so much for me to get where I am.

But go a little further, both my parents have lost their father when they were teenagers, and neither had life insurance. My mother was one of five children, and remembers that his mother had to sell most of the farm later. When my sister and I came along, my parents had life insurance. They wanted to be safe, based on their experience, that we would be taken care of if anything happened to them. It certainly stuck with me.

You are only as good as your goals and aspirations. So shoot for the stars and land on the moon! That's my plan

LH :. People might think, "Well, I'll never run at Talladega. I do not need life insurance"

Danica Patrick :. Certainly my situation is unique. most people do not drive racecars for a living, so I think it is probably easier for them to put off getting life insurance. think you have the time. you're not expecting anything to happen, but it can. a good friend of mine in the race has lost its chief car for a heart attack at the age of 34. C is crazy. bad things can happen. That's just life. and that is why life insurance is just an easy and intelligent way to eliminate the risk of your life.

I think also there is a misconception that only the main breadwinner needs life insurance. the other partner may be doing the cooking and cleaning, running the kids around and all kinds of things that help family works. If anything happens to them, those things remain to be done, and it might not be enough time in the day to the other half to take care of these things or the money to hire someone to do it. It therefore makes sense for the two to have a life insurance

LH:.? What is it like being a woman in a sport dominated by men

Danica Patrick: it is difficult to answer because it's all I've ever been, but what does that mean? This means that anything is possible. This means that you are only as good as your goals and aspirations. So shoot for the stars and land on the moon! That's my plan

LH :. We all want to know what you're like behind the wheel when you're just driving down the road.

Danica Patrick: Well, I have to admit I'm pretty aggressive on the regular route. I was told that I have to take this aggression from the road to the most often racecourse. So I practice it! It will pay much better in my work

LH :. Any advice separation

[1945003?] Danica Patrick: regarding life insurance, think this way: If you were to pass, it will be terrible for those who remain. There are people who will cry and suffer, perhaps both financially, and all you can do to make this transition as easy as possible is the kind thing to do, the selfless thing to do.

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Understanding the ever changing landscape of Long-Term Care Insurance

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Understanding the ever changing landscape of Long-Term Care Insurance -

Lately, the only consistent aspect of long-term care and long term care insurance is change. There are fifteen people could afford a long-term comprehensive health insurance coverage with relatively low premiums, and the process to obtain that coverage was pretty quick. Now the number of insurance companies offering long-term care insurance declined, premiums are significantly higher and subscription is as difficult as ever.

However, it is always possible to plan ahead for your long term care needs, because the goal should not be just to get long-term care insurance, but to create a long term care plan. Here are some steps to start

Step 1 :. Understanding what long-term care or not. Long-term care is not a place; it is an event. Long-term care is not to go into a nursing home, which is usually the reason why people are reluctant to discuss or even contemplate. Just think about this question: "Do you think the possibility of falling ill and needing care increases with age," The answer, of course, is "Yes!"

Step 2: know what levels of care are available. Most people, if given the choice, would prefer to receive care in their home, or a place that feels more like home, like an assisted living facility. Statistics confirm. Among the people who receive long-term care through their insurance, 49% at home and 24% are at an assisted living facility

Step 3 :. Learn how to care really costs long term. The national median rate for home health aide is allowed $ 19 / hour, which is $ 3,244 per month for 44 hours of care per week. The national median for a one bedroom apartment in an assisted living facility is roughly the same. When you compare these figures with the average private room in a nursing home (at $ 6,660 per month), you can easily see the difference in cost, and why home or assisted living care is much more desirable, if possible .

Step 4: Look at alternatives. Everyone is different, so each long-term care plan will be different. Keep in mind as you design a plan, and long term care insurance is a solution to fund the plan. Today, there are more alternatives than there were as recently as five years ago. For example, there are life insurance policies that have the advantages of long-term care linked to it, or life insurance policy with an LTC rider. In addition, one of the most overlooked opportunities is a pension-related benefits, which takes advantage of an unqualified benefit for long-term care. However, these policies and contracts are complex, and so it makes sense to have an insurance agent or financial advisor will guide you through the benefits they offer, and then help you understand the skills you need meet to receive benefits.

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Long term care insurance Tweetable Facts

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Long term care insurance Tweetable Facts -
is Long Term Care Awareness Month. Many (most?) Of people do not really understand what long term care insurance is, what it does and why people need as part of a sound financial plan.
Click this link for a free guide, aptly named, what you need to know about long term care insurance. It answers many questions, and can bring some new. Make sure you sit down with an agent or adviser who can guide you if the subtleties of this coverage.
Here are some facts about long term care insurance that are "tweetable" which means you can simply click and they'll generate your tweet for you. Spread the word!
51% of Americans say they need long-term care insurance, but only 14% are owners. #LTCI Http://
(Source: "2013 Insurance Barometer Study," LIFE and LIMRA)
[194500183950] $ = median cost / year for a private residence home room Think. long-term care insurance #LTCI Http://
. (Source: "Genworth 2013 Cost of care Survey," Genworth)
25% of adult children provide personal care and / or $ using a relative Think long-term care insurance #LTCI Http://
(Source:.. the MetLife caregiving costs study for caregivers work, 2011)
from those who need long term care, 37% are 64 or less! Think long-term care insurance. #LTCI Http://
(Source: American Association for Long Term care Insurance)
= $ 203 billion worth of unpaid care provided by family / friends for those who have Alzheimer's / dementia. #LTCI Http://
(Source: Facts and figures Alzheimer, 2010)
= $ 274,044 salary / lost SS benefits when women leave work early to take care for sick relatives, spouse or family. #LTCI Http://
(Source: "The MetLife Caregiving Costs Study caregivers working," MetLife, 2011)
"The typical buyer of 'long term care insurance is age 59. #LTCI"
( "Who buys care long term insurance in 2010-2011?" AHIP, March 2012)
73% of LTCI claims paid for care at home or in an assisted living facility #LTCI Http://
. (Source: "the Sourcebook 2011 to long term care Insurance Information, AALTCI, 2011)
95% of long-term care insurance policies pay for care in nursing homes, assisted living and home. #LTCI Http://
(Source: "Backgrounder: Long-Term Care Insurance: 2012 Update," AARP)
Here are also some great messages information on long-term care and long term care insurance:
Understanding the ever changing landscape of LTCI
Make Room for long-term care in the holiday plan for your family
planning Ahead Understanding the true cost of long term care
Shedding light on seven long-term care insurance myths of

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We will get rid of our debt Together!

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We will get rid of our debt Together! -

"Let us pay down $ 10 million debt-together." That's the idea kind of the LIFE Foundation is excited to get behind. And that's why we help to sponsor the Movement of debt, the brainchild of Jeff Rose GoodFinancialCents, creating a community of people focused on getting rid of their debt.

Although the main objective of this blog is to help you better understand how life insurance and related products are an important part of your financial plan, we also know that no financial plan is solid and can be built on if it is weighed down with too much debt.

We also understand how difficult it is to take that first step, look at your eyes in debt and start making changes. But that's the beauty of the Movement yourself of debt are not doing this alone. More than 2,000 people have joined the movement and repaid $ 180,000 to date

by joining the movement, you can :.

  • bloggers Get expert advice from the finance and debt Squad
  • access advice and tools to get out of debt
  • Learn how to other ordinary-people-got rid of their debt, including a couple who paid $ 80,000 of debt in 18 months!
  • Apply for a free money for debt scholarships to help you retire your debt (LIFE sponsoring a scholarship!)

take the first step and simply click to find out more.

LIFETIME We wish you good luck! And let us know how you do.

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What is your IQ insurance?

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What is your IQ insurance? -

What is your "Insurance IQ"?

If you're like most, you probably do not know much about the insurance you want. According to the study of the Insurance Barometer 2012, 45% of consumers rated "knowledge" either the first or second most important factor in buying life insurance. However, one third have delayed their purchasing decisions because they do not know how and / or what type of life insurance to buy, and more than half say that they need more insurance delaying life for the same reasons. And chances are, with regard to other types of insurance, lack of knowledge is probably just as universal.

If you in the "I want to know more about the insurance, but do not know where to look" category, National Consumer Safety Week (March 3-9 ) is the perfect time to inquire. NCPW is a coordinated campaign that encourages consumers nationwide to take full advantage of their consumer rights and make better decisions.

And when it comes to insurance, while a little knowledge is not a dangerous thing, much more knowledge is better. To make the right choice in the type of coverage and amounts, you must first know what you not knowledge and get answers

Start by answering the following questions :.

life insurance

  • Is someone depends on you for financial support or other form of assistance as full time parenting or babysitting?
  • do you have money set aside to pay your debts in the event of your death? Have you know how your estate would be liable if you died tomorrow?
  • If you leave a large estate, your heirs do have the financial means to pay the estate tax?


  • If you were unable to work because of a disabling illness or injury how you pay your bills?
  • Do you know how to calculate your future earnings?
  • Are you self-employed or otherwise not covered by workers' compensation?

long-term care insurance

  • If you were to need long term care, savez- you what part of the cost, if any, would be covered by your health insurance? For Medicare?
  • Do you know the average annual cost for full-time nursing home? On aid to the nursing home?
  • Do you know the difference between skilled care, intermediate and custody? Between nursing homes, assisted living facilities and day care centers for adults

These are just some of the questions that the LIFE website can answer ?; Just click on the link above subject. And once you have a better understanding of the different types of insurance, and situations where they come in, you will be in a better position to make an informed decision. Finally, armed with your new knowledge, contact your local insurance professional to choose the right type and amount of insurance you need to protect your future and that of your loved ones.

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Do you spend more than your income after retirement?

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Do you spend more than your income after retirement? -

Here are some statistics that should give you some concern. According to a new report by the Employee Benefit Research Institute (IREB), nearly one in five American elderly households outspent their income by over 50% in 09 and some (14%) outspent their income over 175%. The most vulnerable people were singles, households without pensions, African Americans and Hispanics.

This should be a heads-up that you need to pay attention to your financial situation and start taking personal accountability. Do you really count on social security and family for your retirement

The IREB report showed that Social Security remains the main source of income for all adults aged over 65. In 09, households aged 65? - 74 and households with members over 85 were 54% and 66% of their total household income, respectively, of social security.

According to the report, older Americans rely more on social security as they age. For households that had ages 65-69 members in 01, the share of household income from social security increased from 47% in 01 to nearly 60% in 09.

How many years do you have until retirement? Have you reviewed your investment and retirement plans? Do you adjust your spending to allow more savings for your golden years? Have you considered all your options and discussed these with your agent or financial advisor? Do you have adequate life insurance to protect your spouse if you die too soon and not have time to complete your plans?

Time to take personal accountability is now. Call your financial advisor agent today. Do not put off tomorrow what you have to do today!

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10 reasons to consider life insurance (and when!)

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10 reasons to consider life insurance (and when!) -

We asked insurance professionals on our LinkedIn group and to share their best advice on 'life insurance and get coverage, and here are some of the great advice we got

1. Start young. Just because you do not have a family, mortgage and large financial obligations does not mean you have to wait for a life insurance coverage. Lock your rate while you are younger and healthier. You can always add more later in life. -Ivan I. Usero

2. A fundraising pasta for dinner after your departure will not be enough money to take care of your spouse and minor children. Do not let that be the legacy you leave with. -Suzanne Allison

3. Life insurance is like a parachute; if you do not the first time that you need, there is no second chance. -Luis A. Ortiz Haddock

The thought does not protect your family, do it!

4. Do not underestimate the "power save" your spouse stays at home! -Patrick O'Rourke

5. If you are a small business owner, who takes care of your family in case of death? It is not enough for you. -Sherrell Martin T.

6. Permanent life insurance is the best investment vehicle while you are alive or dead: tax free access to values cash accumulated in the policy while you are still alive and tax free death benefit product for your loved ones when the inevitable happens. Put your money where your "life" is! -Czarina C. Barit

7. Until you purchase, you are not covered. The thought does not protect your family, do it! Ed Rainier

8. It is better to have insurance and not need it than need and not have it. -Paul Arroyo

9. Buy when you're healthy, it's easier to get and cheaper. -Shannon Williams

10. Get as much as you can afford and as soon as you can. I prefer the zero age insurance. -Sean McCann

And, why not, an extra tip for good measrure!

11. It has been said, You buy life insurance because you will die, but because those you love will live. I 100% agree with this statement. Protect your loved ones should be priority No. 1. -Scott Raab

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Why I wish my father would have been the life insurance

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Why I wish my father would have been the life insurance -

One afternoon my parents sat me and my sister for a family reunion that would change our lives forever. "I have cancer of the bladder," my father told us.

He had previously removed one of his kidneys was cancerous. My father never told us because he was assured that he was a low-grade cancer. This time it was different. He was immediately returned to the MD Anderson Cancer Center in Houston. The doctors confirmed that he had stage 4 cancer of the bladder. He was an incurable and inoperable cancer and life expectancy was limited.

Brian Prescott in August 2010 was the beginning of the end. His condition worsened and he was admitted to the intensive care unit because of kidney failure followed by a brain aneurysm and coma. At the time, I did not know what to think, but the worst feelings came over me. I was afraid I would never be able to say goodbye to my father and tell him that I loved him.

November 19, 2010, the eve of my 15th birthday, I watched my father take his last breath at 04:20

the death of my father touched me emotionally. He was my best friend. We were inseparable! My year freshmen high school was one of the most difficult moments of my life. His death made me realize that my life would never be the same.

Any implications of the death of my father

the death of my father greatly affected our family financially. After three years of treatment, our economies were completely exhausted as he was treated and moving at MD Anderson.

My father did not have adequate coverage for life insurance. I had to grow up quickly and work to help my mother.

My mother was faced with medical expenses and major repairs of the house. The exterior walls of the house units, fireplace and leads in the attic were holes. Rodents were in the attic and walls of the house. My mother did not work so she could take care of my father.

My father did not have adequate coverage for life insurance. I had to grow up quickly and work to help my mother.

If my father had life insurance, we would not be in the position we find ourselves today. His death has made my future plans to attend college even more difficult to achieve. With the values ​​that my parents taught me, I have worked hard to achieve the high academic achievements and was inducted into the National Honor Society. Recently, I was accepted into the Texas A & M University. Life Lessons I received a scholarship that helps me reach my college dreams.

Life would certainly be different if my father was always there and without cancer. However, this is not the case, and my only hope is that I would be blessed with financial assistance to continue my educational goal. With all that I went through with my father, he inspired me to become a doctor of radiology. With this measure, I hope to help others in similar situations to those of my father. I am a strong person and better today because of all the obstacles I have overcome. I learned the importance of life insurance is to a family and at the age of 18, I bought my first policy.

You can help students like Brian make their dream of a college education is realized by making a donation to the nonprofit Life studies scholarship fund Lessons. Donate here .

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When life hands you lemons of ...

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When life hands you lemons of ... -

Only 19 days after the celebration of my 10th birthday, my mother died. Although I grew up almost half of my life without my mother, his words of encouragement about adversity-one of the many life lessons she shared with me echo my memories of her: "Prepare -you to make lemonade out of the lemons of life. "

as I matured, I became more aware of how his death Schwartz family acted as a catalyst for some of the challenges and burdens of my life. Specifically, I recognize now the additional costs resulting from his death: loss of income, funeral expenses, the need for after school to take care of me and a change in the professional career of my father who brings less responsibility, travel and allowance to stay close to home to take care of me

has omission key
ultimately, these financial burdens have been compounded by a key omission in the financial plans my family. my mother did not have any life insurance

other unpredictable events still affected current financial situation of my family :. providing care and support to my sick grandmother my father was unemployed for several years due to the global economic recession. As a result, we were forced to sell the house I grew up to raise money to survive.

No one can put a value on a mother. Yet if the financial plans included my family had the key ingredient of life insurance for my mother, the financial situation of my family and my academic career being now be safer. The benefits of this would have provided coverage for the payment of the funeral service, the cost of my care and supervision over the years, my college tuition and kept us in our house.

Peace of Mind
Hannah Graduation 4 ultimately, the financial benefits of life insurance would have brought tranquility and peace of mind; thus, provide key ingredients for the lesson my mother regarding make lemonade-allowing me to finish my degree in psychology to help other grieving the loss of a parent be even more soft.

Editor's note: Hannah was the 2014 Grand Prize winner of the Test Life Lessons Scholarship Program, and received a grant of $ 15,000 to help her finish her studies. You can watch the video of his story here.

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6 reasons you would get turned down for life insurance

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6 reasons you would get turned down for life insurance -

The most common reason that people fell for coverage of life insurance is because " they have a specific health problem, but it is not the only reason. I would cover the top ones and you know what your options might be.

1. You have a specific health problem. For example, someone who has cancer or who has had a recent heart attack could be reduced to a traditional life insurance policy. There is, however, people who are turned down for life insurance for health reasons because they applied the wrong insurance company.

Not every life insurance company deals with life insurance high risk, so if you have a health condition such as diabetes, I recommend that you work with an insurance agent high-risk life that can help to understand what the best plan of action is approved you for life insurance. If you can not get approved for a traditional policy, there may be alternatives, such as a staggered death benefit policy.

If you are traveling abroad or living abroad for some time of the year, some insurance companies will not want to insure you.

2. You participate in high risk activities. While most insurance companies insure divers, for example, depending on the type of diving you do (water free vs cave diving), the number of times you dive a year when you dive and how deep you dive.

If you are traveling abroad or living abroad for some time of the year, some insurance companies will not want to insure you. actively deployed military may struggle to get approved for insurance, unless you work with specific insurance companies.

3. There are specific financial reasons. to get approved for life insurance, there must be a financial justification. For example, a person earning $ 25,000 per year would probably not qualify for a $ 1,000,000 life insurance policy, since you can generally get coverage from around 10-30 times your annual income, depending on your age. If you do not have an income, but your spouse does, you can usually get as much coverage as your spouse. If you have no income and can not financially justify the need for life insurance, you may get declined for a life insurance policy.

4. You have declared bankruptcy. If you have filed a Chapter 7 bankruptcy, you will typically get declined for coverage until the proceedings were dismissed for at least 12 months. If, however, you're in the middle of a procedure or 11.12 Chapter 13 bankruptcy, you may be able to qualify for coverage if you make regular debt payments.

5. You had a DUI (driving under the influence). If you have had more than three DUIs in the last 10 years, each insurance company deny you. However, if you have one or two DUIs in the last 10 years, some insurance companies refuse you while others may not. If you have been denied due to a DUI, it is possible that you have applied with the insurance company bad.

If you abuse drugs or alcohol now, you will have denied life insurance. If however you have been drug free for three years or more, or have stopped alcohol abuse for over two years, you should be able to get approved for a life insurance policy.

6. You have a criminal record. The difference between an approval and a fall is generally dependent on a couple of factors. First, how long it has been since you have been convicted, and the second type of conviction that he was. If you have had several crimes, you'll probably decreased. If, however, you had a crime, or one or two offenses, you may be able to get approved for coverage, depending on how long ago you completed probation.

If you are in any of the above situations, in collaboration with a specialist in high-risk life insurance is the key to your better chance of getting approved for insurance life.

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