Is It Time for Long-Term Care?
Posted: December 21, 2022
Is It Time for Long-Term Care?Most people prefer to remain in their own homes as long as possible and may dread the idea of a nursing home – even though many long-term care facilities are excellent. If you notice changes in lifestyle, abilities, or personal care, it may be time to consider getting help. What is Long-Term Care? Long-term care is a set of services designed for people who could...
Standard vs. Hybrid Life Insurance: Which Is Better?
Posted: October 22, 2021
Standard vs. Hybrid Life Insurance: Which Is Better?Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...
Beginner’s Guide to Group Long-Term Care Insurance
Posted: May 13, 2021
Beginner’s Guide to Group Long-Term Care InsuranceIn their younger years, most people do not consider needing long-term care later in life. However, it is worth considering. Purchasing this insurance when you are young makes it much more affordable. Long term care insurance is purchased as an individual or through a group long-term care insurance plan offered by an employer. Should I Invest in Long-Term Care Insurance? If your employer offers you...
Short-Term Disability Coverage Vs. Long-Term Disability Coverage
Posted: June 13, 2020
Short-Term Disability Coverage Vs. Long-Term Disability CoverageShort-term disability and long-term disability are both designed to protect your income in case you are unable to work. However, there are differences in the two types of coverage. Many people elect to have both short-term disability and long-term disability insurance policies. What Is Short-Term Disability Insurance? Short-term disability (STD) policies pay benefits for shorter time periods, after a brief waiting (elimination) period, which is...
Understanding Long-Term Care
Posted: August 15, 2019
Understanding Long-Term CareIt may not be wise for people over the age of 65 to rely on Medicare or private health insurance. Medicare does not cover custodial care, and private health insurance rarely pays any long-term care costs. Depending on your financial situation, long-term care insurance may be your best option for peace of mind and financial benefits as you age. What Is Long-Term Care Insurance? Many...
