To cover the potential of incurring the high cost of long-term care, many seniors consider purchasing long-term-care insurance. Long-term care insurance (LTC) is not cheap but it can be a lifesaver. A good place to start your research on long-term care insurance is by checking out the Consumer Reports analysis of the long-term-care insurance options and criteria for determining which policy choice is right for you.

What is long-term-care insurance for seniors?

Long-term-care insurance for seniors covers services for people who are unable to care for themselves because of a prolonged illness, a degenerative condition, a disability or Alzheimer’s or similar condition. Generally long-term care insurance will cover custodial or personal care at home or skilled nursing care or rehabilitation at home or in a nursing or assisted care facility. Long-term-care insurance can cost between a few hundred dollars a year to over ,000 a year, depending upon the type of coverage you purchase and your age and health at the time you purchase the insurance.

When should you buy long-term-care insurance for seniors?

Many insurance companies recommend purchasing a long-term-care insurance policy anytime after age 50. Consumer Reports suggest you wait until age 65 unless you have a chronic disease or history of illness in your family. After age 65, the long-term care premiums are higher, and, you run the risk of not passing the medical tests. Once you are diagnosed with a serious condition that may require long-term care, you will not be able to get a long-term-care insurance policy.

Who should purchase long-term-care insurance?

Anyone who is currently healthy and wants to protect assets and does not have sufficient saving to cover the costs of long-term care should consider the purchase of a long-term care insurance policy. Once you purchase a policy the rate is typically locked in for the life of the policy and the policy is generally good as long as you pay the premiums.

What should I consider when selecting a long-term-care insurance policy?

Look for stable insurers that have been in long-term-care insurance business for a long time. Review the coverage the insurer offers carefully. Long-term care policies can have many exclusions and requirements that make it difficult to obtain the coverage when you place a claim. Some of the less expensive policies may cover nothing more than you are eligible for with Medicaid.

Some of the features you may want to consider include:

• Look for a flexible policy that covers alternate plans of care including home based care not just skilled nursing home care.

• Make sure there are no excluded conditions such as Alzheimer’s or Parkinson’s.

• Determine the maximum amount the policy will pay per day and how that amount is calculated.

• Determine the length of benefit period you can afford. The average nursing home stay is 2 1/2 years. You generally can select a benefit period of between 2 years and an unlimited number of years. The longer the benefit period the higher the premium you can expect to pay.

• Choose how soon you want the payments to begin after you become eligible. Usually the waiting period is between zero and ninety days. The longer the waiting period the lower your premiums will be. • Consider adding an inflation adjustment to your policy. Inflation adjustments are expensive but nice to have if you can afford to add one to your policy.

How do I evaluate which insurance company to choose?

Because you may not need your long-term care policy until years after you purchase the policy the most important choice you will make is choosing a company that is stable and will be around to make good on the policy when you need the insurance. Look at the company’s financial strength and their rating with the major rating services.

Question by SM S: Long term care premium – only for state tax return credit an no federal tax impact?
If I use itemized deduction, there is no impact on federal tax return related to long term care premium paid, correct? Only state income tax can give creidt. Right? Thanks

Best answer:

Answer by bostonianinmo
There’s no deduction for them on your Federal return. Some states do allow a credit or deduction for them; MO is one that does and there are likely others as well.

Give your answer to this question below!


Conference Members Urged to Participate in National Campaign to Inform Public about Extended Care

Novato, CA (PRWEB) April 13, 2011

Long Term Care insurance professionals are being urged to participate in a national campaign to inform the public that 3 in 4 Americans need more information and planning to prepare for extended care.

 

Harry Crosby, Director of New Agent Growth and Development for ACSIA Long Term Care Inc. (ACSIA), was one of the featured speakers at the annual meeting of the Association for Long Term Care Insurance. The annual meeting brings together the top Long Term Care insurance specialists from around the country to discuss industry issues.

 

“We need to embrace the national ‘3in4 Need More’ campaign to better help the public understand the need for a plan to deal with extended care,” Crosby said at the event’s opening day.

 

“As Long Term Care insurance professionals we need to embrace the best practices and have the training to better educate the American people and help them plan for something that impacts 70% of us at some point,” he explained.

 

In his role with ACSIA, Crosby prepares new and experienced agents to help their clients make decisions about Long Term Care planning. Mr. Crosby has authored two books on Long Term Care insurance sales and has trained and mentored thousands of new agents over his 18 year career in the industry.

 

According to Mr. Crosby, the goals of the “3in4 Need More” campaign include:
Spread the word among the public that “3 in 4 Need More” and that Long Term Care insurance is a good solution.
Support legislation that provides additional tax deductions or rebates to make Long Term Care insurance more affordable.
Encourage others in industry, education and the government to join the “3 in 4 Need More” campaign, making use of the logo and other visual creatives to spread the word.
Educate the public that Long Term Care insurance many not be a solution for everyone, but everyone needs a Long Term Care plan.

Additional information about the “3in4 Need More” campaign can be found at http://www.3in4needmore.com and on 3 in 4’s YouTube channel at http://www.youtube.com/3in4needmore.

 

About ACSIA®

Founded in 1958, ACSIA® is a leading national distributor of Long Term Care insurance. ACSIA® is a member of the LTC Global group of companies and headquartered in Fort Myers, Florida. For more information about ACSIA®, visit http://www.acsia.com.

 

About LTC Global

LTC Global is a leading independent marketer of insurance and financial products to seniors with emphasis on Long Term Care insurance, Medicare insurance products and HECM reverse mortgages. In addition, LTC Global provides capital to insurance agents and agencies through commission-based lending and renewal commission purchases. LTC Global has a national distribution network and is headquartered in Fort Myers, Florida. For more information about LTC Global, Inc., visit http://www.ltcglobal.com.

 

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Many people think being diagnosed with a catastrophic illness like cancer or heart disease is both a death sentence and an end to your chances of receiving life insurance.

They could be wrong on both counts.

Medical advances and healthier lifestyles have resulted in higher survival rates for many high-risk diseases, including breast cancer and diabetes, in the past decade. Insurance companies have responded with more affordable, albeit still rated, policies.

Insurance options are even available for those with the most catastrophic of illnesses, such as lung cancer or ALS (Lou Gehrig’s disease), where chances of surviving more than a couple years are slim. Graded benefit and guaranteed benefit products are viable alternatives to term and traditional whole life, which are practically impossible to get in these instances, according to Ryan Pinney, high-risk specialist with Pinney Insurance Group, an insurance brokerage firm in Roseville, Calif.

He says both are whole life policies that usually max out at ,000. Graded benefits pay a small percentage the first year, with a little more each year after that until the fifth year, when it levels off. He recommends this for people with illnesses with a longer survival prognosis like multiple sclerosis, prostate or colon cancer. Pinney says the cost varies greatly, depending on age, illness and whether the person smokes.

With guaranteed whole life insurance, there are no questions asked and no medical exam. Anyone can get it, but it costs about ,000 a month for a 40-year-old and about ,000 a month for someone 50 or older, Pinney says.

“To make this worthwhile you need to live at least three years, but not more than eight years. After eight years it is a losing investment,” Pinney says.

Someone with Alzheimer’s could not get insurance with most companies not only because of the terminal nature of the illness, but because you have to be cognizant when signing a policy, says Dr. Craig Davidson, senior medical director with The Hartford.

Pinney says those with high-risk, but not terminal, illnesses can expect to pay 25 percent to 50 percent more per month in premiums, if their eligibility falls below standard.He says if a standard policy costs 0 per month, someone with well-controlled diabetes could be rated in Table 2, at 0 a month. If they have Type 1 Juvenile Diabetes, they would be rated harsher, more like Table 4, at a cost of about 0 to 0 a month, he says.

“Underwriters will look at the type of disease you have, at what stage the disease was detected, the type of treatment you are receiving, and the length of time the doctor gives you to live to determine if you will get insurance and how it is rated,” Pinney says.

The overall five-year relative survival rate for breast cancer from 1999-2005 was 89.1 percent, but only 5 percent if the cancer already metastasized, according to the U.S. National Institutes of Health National Cancer Institute Surveillance Epidemiology and End Results Cancer Statistics Review.

According to the American Diabetes Association, 23.6 million kids and adults have diabetes. It is the seventh leading cause of death. However, it is also controllable with a combination of nutrition, exercise and medication. Pinney and Davidson offer the following advice when it comes to purchasing life insurance.

Buy when young and healthy, when the cost is much less and before you have a serious health issue. Once you have purchased a policy, it can never be taken away from you and the price can never go up, as long as you pay the premiums every month, Davidson suggests. If you buy when you are healthy, you can get either term or whole insurance, whereas you can only get the more expensive whole life if you’ve been diagnosed with a high-risk illness.

Buy accidental death and dismemberment insurance. Pinney says this is an alternative if you can’t get traditional life insurance or afford guaranteed benefit insurance. These policies are easy to get, relatively inexpensive and no medical test is required. However, they only pay out in the event of an accidental death, so it is a gamble you must decide that you want to take. “Chances are, the illness isn’t what kills you,” he says. He suggests these policies to people who have an illness with a longer lifespan, such as multiple sclerosis.

Don’t give up. Underwriters look at the test of time, Davidson says. If your doctor can document you have been disease-free for at least five years (your cancer or leukemia has been in remission or your cardiac tests show no heart disease for that length of time, for instance) and that you have been leading a healthy lifestyle and following your doctor’s diet and medication directives, you could qualify for insurance, even if you’ve been denied in the past. He says companies don’t look at the number of heart attacks someone has had, for instance, but the severity of the attacks, how close together they were and if you now have a favorable cardiac testing.
Apply for a new policy. If you’ve had a life insurance policy for years, especially if you bought it after the diagnosis, it might be less expensive for you to buy a new, better policy than to retain your current one if you have been disease-free for at least five years, Pinney says. Prices have been going down every year, and insurers should be amenable to providing you with a new policy. If not, he suggests switching to an agent who would be. He recommends reviewing your policy every two to three years, and changing whenever it is worthwhile cost-wise.
Be good to yourself. The best way to get insurance at lower rates is to stay or get healthy, Pinney and Davidson agree. Insurers look at you favorably if your doctor verifies that you exercise, lost weight, eat healthy, follow his advice, participate in wellness programs and visit him or her regularly.It’s good for your health and your pocketbook.

This article was originally published at Life Quotes, Inc.

Question by Colleen: How many people survive terminal illness (percentage)?
I am doing a debate, and I need to know the percentage of people who survive terminal illness.

Thanks!
Colleen, xoxo

Best answer:

Answer by Anama
Hi Colleen, the diagnosis of a terminal illness is just that… terminal. The outcome of life is death. Everyone dies, some of us just get to know when and when and why we are dying.
When you are diagnosed with a terminal disease, you just know what is going to kill you, not when. Some people have had a terrific response to therapy and live much longer than estimated, others are not so lucky.
My mother has a rare form of cervical cancer. The usual survival rate with the stage it was at was 4 years. They gave her a new type of chemotherapy and it did an excellent job. She is now on her 6th year cancer free! Will the cancer come back? Certainly (if she does not pass due to another issue, anyone can get in a car wreck and die, for example) if given enough time. But the point is, she is now the longest surviving person who has had that sort of cancer at that stage and her treatment of it has defined how that cancer is now treated. So, for her, yes, her cancer will eventually cause her death, just not in the expected time frame.
I hope that is what you are looking for! But all in all, there probably isn’t any stats for survivors of terminal illenss, because what isn’t terminal becomes chronic or morphs into something else (e.g. the breast cancer that is eridicated that becomes liver cancer later). What you need to look for is long term survivors of specific illnesses…

What do you think? Answer below!

A relative has just died. He had a life insurance policy with you listed as the beneficiary. There’s just one problem: the life insurance policy is missing. You have no idea which insurance company wrote it.

 

If you find the missing life insurance policy in the future, are you still eligible to receive the death benefit?

Hope they paid their insurance bills

 

If you’re a beneficiary and you find the lost life insurance policy shortly after the insured dies (within six months to a year, for example), claiming the death benefit should be trouble-free.

 

First, determine if the insured had term or permanent life insurance. If the insured held a term policy, you’ll receive the death benefit if he died before the end of the policy term. If he died after the policy expiration date, you would get nothing.

 

If the insured had a permanent life policy, you’ll receive the money if the death occurred while the policy was “in force,” meaning all premium payments were made up until the time of death. If the death was a while ago, you’ll receive the benefit with interest from the date of death.

 

If the life insurance policy lapsed — meaning the insured stopped making premium payments before he died — there’s a chance you might get nothing. When a permanent life insurance policy lapses, most insurance companies switch its status from permanent insurance to one of two options:

“Extended term” — The insurance company uses the cash value of the policy to buy a term life insurance policy for the same death benefit using the cash value of the policy. The death benefit will continue for the longest period the cash value will purchase.

“Reduced paid up” — The insurance company will keep the policy in force permanently, but will reduce the death benefit.

 

Gerry Brogla, an actuary for State Farm, says in the majority of the cases at his company, the permanent policy continues as extended term if it lapses. At State Farm, extended term is the default option for most permanent policies.

 

If the policy lapses, and the extended-term period expires before the insured dies, the policy is worthless and the life insurance beneficiary will get nothing. If the insured dies before the extended-term period is up, the beneficiary will receive the death benefit. If the policy lapsed because the insured died (thus ending premium payments and causing the insurance to be placed in extended-term status), the beneficiary will still collect the full death benefit, regardless of when the extended term was up. The beneficiary always needs to supply the insurance company with a death certificate to verify the date of death.

 

There is no time limit during which a life insurance beneficiary must step forward to collect the money, according to Jack Dolan, spokesman for the American Council of Life Insurers. “If a person shows up 30 years after [the insured's] death, the company still makes good on it,” Dolan assures.

What happens if no one ever reports the death?

 

If the insured dies and the insurance company does not learn of the death, the policy lapses. Insurance companies will take steps to find out why a policyholder stopped making payments.

 

When an insurance company stops getting payments, it sends letters to the insured informing him the policy may lapse as a result of unpaid premiums. If the letters go unanswered, the company might initiate a search to find the insured. If that comes up empty, the company will then lapse the policy.

 

If a beneficiary to a policy never steps forward, it unfortunately means the insured paid money to a policy throughout his life and his beneficiaries never see a penny. This is why its a good idea to make sure beneficiaries are aware of any life insurance policies you have.

 

If you’re lucky, the state may have your money

 

In some cases when a beneficiary fails to claim a death benefit for several years, the money is transferred to the state where the insurance policy was purchased under the escheat laws.

 

If a company knows an insured died and it cannot find the beneficiary, it must turn the full death benefit over to the state comptroller’s department within three to five years of the insured’s death. The money is transferred to the state where the insured bought the policy. The money is considered “unclaimed property” and gets lumped in with dormant bank accounts and uncollected rent deposits. The comptroller’s department maintains a database that lists the names and addresses of lost life insurance beneficiaries.

 

Many states will try to contact life insurance beneficiaries in an effort to pay the death benefits. In Texas, for example, the names and addresses of the beneficiaries are published annually in each county in the state. In New York, the Web site of the New York State Comptroller’s Office of Unclaimed Funds has an online search to find any unclaimed death benefits owed to you. You can find out the procedures in your state by contacting the office of your state comptroller or treasurer.

 

Keep in mind your chances of finding the policy with the state are slim. The insurance company has no obligation to hand the money over to the state if it’s unaware the insured died. In most cases, it’s the beneficiary who contacts the insurance company.

 

Also, the insurer only transfers the money to the state three to five years after it cannot find the beneficiary but knows the insured died. If the state doesn’t have the death benefit, it’s likely the insurer is still looking for the beneficiary or doesn’t know the policyholder has died.

 

Unclaimed death benefits are rarely transferred to the state. Dave Potter, a spokesman for Hartford Life, says less than 1 percent of his company’s death benefits go unclaimed.

 

Del Chance, a life insurance claims manager at State Farm, says, “Turning over life policy benefits to an individual state after the death of an insured is extremely rare. State Farm utilizes their own search techniques as well as outside vendors to locate lost beneficiaries in the event of the death of one of our insureds. By and large these procedures have always located the beneficiary.

Tips for making sure your life insurance beneficiaries get your death benefit:

 

1. Give your beneficiaries your policy information. It can be a difficult and awkward conversation, but an important one.

 

2. Keep all your financial records (especially your life insurance policies) in one place. Don’t force your beneficiaries to search your house from top to bottom after you die.

Tips for looking for lost life insurance policies:

 

1. Go through canceled checks or contact your relative’s bank for copies of old checks. Look for checks made out to insurance companies.

 

2. Ask those who may have known about your relative’s finances. Speak with the relative’s lawyer, banker or accountant. Also contact the relative’s insurance agent.

 

3. Contact your relative’s past employers. They might know of possible group life insurance. The insured might have also purchased supplemental life insurance through work.

 

4. Check the mail for a year. Premium bills and policy-status notices are usually sent annually.

 

5. Look at income tax returns for the past two years. Check for interest income from policies or expenses paid to life insurance companies.

 

6. Contact the Medical Information Bureau. If your relative bought life insurance fairly recently, there might be a trail of the companies to which he applied. The Medical Information Bureau (MIB) maintains a database that might show if insurers requested your relative’s medical information within the past seven years. Record searches can be requested through the MIB’s Policy Locator Service and cost . The MIB says that nearly 30 percent of searches turn up leads.

More Life Insurance Articles

Question by Financial JUSTICE: What type of life insurance do you have and why you have it?
I used to own whole life insurance until I learned the hard way about the truth behind it. A life agent said cash value was a great way to build savings for retirement and that I can use it anytime. That sounded pretty great and so me and my husband bought it. About 28 years later, he died in an accident. The life insurance paid the death claim about 30 days after I filed a claim. But all the cash value was gone! With the cash value, I could of used it for my retirement.

So now I got rid of my whole life and paid a surrender charge on the cash value. The mortgage is paid off and no one is dependant on my income anymore. So I don’t need life insurance. I moved about $ 45,000 of cash value into various investments.

All I have to say to people buying life insurance is do your own research about life insurance before listening to life insurance agents.

Best answer:

Answer by kamaljot85
Myself, my mother and brother all have whole life insurance policies. We have to pay our policies for certain amount of years and it seems more beneficial to us compared to a term life policy or an universal life policy. My brother started his policy when he was 20 and I started mine when I had turned 21. My brother’s policy after a few years had built up a significant amount of cash value. We have it only because it is better then having a term policy, the cash value isn’t are goal and it is just a perk on the side. We have retirement accounts that meet our needs for retirement. What pushed us to buy insurance policies in the first place was my cousin who is an insurance agent. After my father passed away, we all jumped on the band wagon for insurance policies. When we grow older and have families our policies premiums would be paid in full and it will give us a sense of security for our loved ones if we were to pass away. Every time I listen to my insurance agent, I make sure I take it with a grain of salt.

I am sorry for your loss, and the frustration you went through afterward to receive the settlement you were entitled to.

What do you think? Answer below!

With rising funeral costs many people are considering types of life insurance that cover their final expenses. Many people do not consider all of the costs associated with a funeral. There is the casket, embalming, grave marker, burial vault, hearse rental, the digging of the grave, the cost of the plot and many more expenses that can quickly add up and become a burden to the ones you leave behind. To eliminate this burden many people buy some type of insurance. But there are some things to be taken into account when looking for burial insurance quotes.

Burial or final expense insurance is a type of whole life insurance that can usually be purchased with no medical exam. Some facts to consider while looking for burial insurance quotes are that the benefits of these types of plans can usually be used for anything the beneficiary decides but are mainly intended for the costs of a funeral and burial. With these types of plans often benefits never decrease while premiums should remain the same. These policies should not be canceled because of age or infirmity. Like other types of insurance these can build cash values which can be borrowed against.

If you do decide to look for burial insurance quotes it is good to consider carefully how much insurance is needed. The Federal Trade Commission requires that funeral homes provide you with a written list of prices for services. While a lot of funeral homes offer no guarantee that these prices will not go up it can give you an idea of what types of expenses to expect. You should check out any state laws related to funerals and burials as well to see if there are any additional costs pertinent to your own state. Many states have a “free look” law which allows you to check the details of a contract beforehand.

It is also important to check with the policy you are considering when shopping for burial insurance quotes. The policy value and what you receive may not always be the same. Be sure that any documents you sign are filled out and signed in your presence. It is important that you get a statement at least once a year that details the status of your policy. You should review cancellation terms of your policy as well as any contracts that you consider with a funeral home or a graveyard for plot reservation.

Find More Burial Insurance Articles

Question by Ola Ards: I am searching for Citizens National Premium Life and Burial Insurance in Texas?
I am looking for Mr. Bob Myers,He will know why I am trying to contact him. It is very impartant that he write me or contact me as soon as possible about our bussiness.

Best answer:

Answer by james m
I believe this is the one you are looking for. Google Citizens National Life Insurance Company.

Give your answer to this question below!

Burr Oak not for sale; looking for trustee
Burr Oak Cemetery attorneys on Wednesday dismissed a report and video from the Cook County sheriff that revealed more buried human remains than previously believed at the beleaguered Alsip cemetery, saying the reports only rehash what’s been known for months.Perpetua attorney Brian Shaw said his company hasn’t wanted to sell the cemetery since January, determining that it wouldn’t be possible to …
Read more on SouthtownStar

Burial insurance is basically a life insurance policy specifically designed to cover the expenses of a funeral and other final costs. These final costs can be quite expensive and include things that very few people think about. After a death, the grieving has all the stress of planning and carrying out a funeral and arranging for many other aspects of burial. Preparing ahead of time for final costs can cut back on the stress of the grieving and the money it costs for final considerations. Burial insurance helps organize all these things beforehand and provides for each consideration.

When a customer gets insurance for death expenses, it relieves a lot of problems. A little preparation goes a long way. Burial insurance is basically term life insurance. It provides for several different things and can be custom built to cover the expenses the customer desires. It also names a beneficiary that will have access to the funds. This person becomes the leader of the customer’s final arrangements. When insurance is purchased, this gives the customer an opportunity to make many of the choices about the arrangements so that loved ones do not have to. It is a great way to make a passing much less stressful.

Getting a quote for burial insurance is easy. Customers can talk to an agent, or search online. Many online quote systems give great information and accurate quotes with very little information and no obligations. This process will not necessarily guide you through all the aspects of insurance, but customers should be sure to take advantage of any tools on websites that help to figure what level of insurance is needed. These tools will remind customers of the different expenses that are a part of final considerations today. Not only do they have to think about manner of burial, but headstones, funeral expenses, mortuary fees, taxes, legal fees, etc.

Being sure that the insurance a customer buys is sufficient is what such tools are for. They calculate what expenses might be based upon the customer preference. Thinking through all the details far in advance limits the trouble that might come up later. When the customer has made their wishes clear and provided for this, the final considerations go much more smoothly. There are not problems in the arrangements and everything has been funded properly. Burial insurance gets final expenses and arrangements in order long before it is necessary and that can make all the difference.

www.bestburialinsurancepolicies.com Many people want to have burial expense insurance to cover expenses for their loved ones once they’re gone. Surprisingly, burial expense insurance can can be very affordable. You can even get burial expense life insurance with no medical exam to cover your burial expenses.
Video Rating: 4 / 5

Question by clickeroftarter: What happens if someone dies without burial insurance and has no close family?
where will they be buried and how is this paid for?

Best answer:

Answer by Duque de Alba
glue factory

What do you think? Answer below!

In Japan, women challenging burial traditions
They are resisting the ancient tradition of being buried with their husbands’ families. One supporter calls it ‘the last stand against traditional family confinement’ in a male-dominated society. Snow had fallen at dawn one recent morning and the tombstones were dressed in white when Masako Hiraiwa took her daily stroll through Aoyama cemetery. A stray cat slipped daintily past a row of old …
Read more on Los Angeles Times

Long-term care insurance is a type of insurance policy that insures the policyholder for the cost of long term care beyond a predetermined period. This insurance covers the risks that are not generally covered by either the health care or Medicare insurance. A long term care insurance policy mostly include every kind of medical assistance that a person may need if he is suffering from a chronic illness or a disability that may leave him unable to care of himself for an extended period of time. Long term care insurance policy – Why is it necessary? Long-term care insurance has become very popular in the United States and many other countries with the rise in the people over 65 years who are the major population to buy long term care insurance. For any individual suffering from any type of disability or handicap that is long-term, long-term care insurance policy serves as an important investment tool.

A Long-term care insurance policy helps you to pay for the custodial care services at the time of medical emergency, and thus helping to bridge the gap in your retirement savings. How to select the right Long term care insurance policy? The customer must compare several long-term care insurance quotes, compare their long term care insurance costs and then make a final decision regarding purchase. Long-term care insurance is the best way for protecting yourself and your family in the event of a medical emergency that may leave you incapacitated to go about your daily life. You should buy long-term care insurance policy that provides at least one year of home health care, or nursing home care coverage.

A Long-term care insurance policy provides protection for the policyholder’s independence and his assets when a health crisis occurs. A long-term care insurance policy protects the policyholder from any type of medical emergencies in the future that may leave him incapacitated to perform the dally activities like bathing, dressing, toileting. A Long-term care insurance policy provides protection to an individual who is suffering from chronic illnesses and disabilities that may leave him unable to take care of himself requiring extended medical, nursing and rehabilitative care.

Tips in choosing the right Long-term care insurance Policy. Your long-term care insurance policy must cover for Alzheimer’s disease and must have at least one year of home health care, or nursing home care coverage. A Long-term care insurance policy also serves as an important tool in helping any individual to plan for their long-term care needs. The customer must compare several long-term care insurance quotes, compare their long-term care insurance costs and then make a final decision regarding purchase. What is the need for Long-term care insurance? A long-term care insurance policy is indispensable if an individual is unable to perform independently the six basic activities of daily living including bathing, dressing, toileting, transfer, consistence and feeding.

A Long-term care insurance policy helps you to pay for the custodial care services at the time of medical emergency, and thus helping to bridge the gap in your retirement savings. With higher life expectancy rate in the United States and other countries, many retirees and young people prefer to buy long-term care insurance to counter the higher medical costs.

Question by answer man: How do you work with long term care insurance companies?
I own an in-home elderly care agency, however, due to the fact that the services are expensive, most clients can’t pay out of pocket, so I need to begin billing their long term care insurance company.

I’m wondering, what is the process to begin working and getting paid from long term insurance companies?

Best answer:

Answer by Uhihih A
dunno

What do you think? Answer below!

Burial insurance obviously covers burial and related funeral costs, but there are several things that burial insurance can cover that you might never expect. Burial insurance benefits can include details of funerals and they can include wider details like money for survivors. It is a form of life insurance and usually covers expenses specific to burial and funeral. Policies can be custom built to include all kinds of things. Burial insurance can become a full fledged life insurance policy for those who wish it to include those types of things. Things like funeral plans can also be a part of burial insurance.

There are two very important factors after death to consider: making plans for a funeral and all end of life issues, and how to pay for all these things. Burial insurance can help to plan for both of these factors. Burial insurance can help policy holders think through and select all the plans for their death. They can decide upon embalming or cremation, which casket or urn they want, and select a cemetery plot or final resting place. But beyond that burial insurance benefits can include things that many people do not think of like flowers, hearse costs, transportation for family during the funeral, airfare for family members to come into town for the funeral, and even accommodations.

Since burial insurance is a form of life insurance, it can also include things that regular life insurance policies include. Money can be given to beneficiaries for day to day living expenses, college education of survivors, inheritance money, etc. Online life insurance sites often have expense calculators that can help you to figure out just how much you want that policy to be for so that all expenses and other burial insurance benefits will be covered.
Burial insurance can help your loved ones to know what your wishes are for your funeral. It can never replace a will, but burial insurance benefits include the ability to designate what the money will be used for.

Sometimes you can ever make arrangements ahead of time for the items you want and then they will be ready for you when the time comes. You can pick out your casket, urn, and cemetery plot, plan your funeral, pick your funeral home, and select cremation or embalming. This will take a great burden off your family and your desires will be honored.

Question by Mom of 2: Is there an age cap on burial insurance?
We recently realized that grandmother has no life insurance at the age of 97. We read on-line about burial insurance but I can’t seem to get a quote. We only need about 5-10K of coverage, just to pay for her funeral when she passes. Any help is appreciated!

Best answer:

Answer by ladykenmax
You can prepay for her funeral at the funeral home of your choice. Talk to the funeral director about a burial contract (irrevocable burial contract) . I don’t think anyone will insure your grandma at 97 yrs old. I am not sure, but I don’t think you will get the full face value of the burial policy if she passes with in a short period of time. Call an insurance agent and see if they have any information on it.

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The burial of a loved one is one of the furthest thoughts in the mind of a person. Some people are not willing to face the reality of life; everyone is born and will one day leave the earth. People generally tend to focus on life in the present hour; many are scared to even entertain the thought of death while there are those who do not believe in physical death. No matter who says what death and burial are realities that one has to deal with. Some people see death as a thing of the distant future therefore they fail to prepare for the same. It is very sad to see bereaved family members who do not have the finance to give their loved ones a decent burial or funeral. If you are the lackadaisical kind then it’s time for you to pull your socks up and begin to prepare and plan for the burials and funerals of your loved ones. It is advisable that you plan and prepare for your own burial and funeral. With all the amazing insurance policies out there you are bound to find a burial insurance policy as well, there may be a thousand thoughts running through your mind as you read this information but it is one of these burial insurance policies that will come to your aid in trying times.

No one is consciously aware of the hour of death; it is like a thief in the night. It is not strange to think, speak or plan your funeral or that of a loved one. Death is a reality, it is bound to happen at some point in time therefore it is to your advantage that you work towards its preparation. There are a number of burial insurance policies which you can check and discuss before enrolling for one. The quicker you work on adopting a burial insurance policy the better, one of the simpler insurance policies is known as the cash payout plan, and it is more along the lines of a savings account. The cash payout burial insurance plan is bought by an individual for a particular amount, and the insurance provider promises to pay back the exact amount when the need arises. This will be given to the responsible family member.

However, there is one disadvantage to the cash payout burial insurance plan and that is in case of an increase in the price the overall amount turns out to be too little. Then there is the prepayment burial insurance plan where a person is given the option of choosing the kind of programme and accessories that they would like to be used at the funeral ceremony. When the actual time comes for the burial and funeral the insurance company provides the desired accessories for the same rate that they were at the time of the agreement. So, you see, how very important it is to preplan a burial or funeral. Investing in a burial insurance policy plan at the earliest is a good decision as well as no inconvenience is caused to loved ones.

www.quotesfortermlife.com Final Expense or Burial Insurance is designed to cover any outstanding debts or obligations of an estate. Beneficiaries are issued a check to cover all of the necessary expenses when the insured dies. Also, these types of policies are simplified issue whole life policies -which means that there is a short application and no medical exam requirements-. Typically the highest amount of coverage a person can receive is 000 of whole life insurance; the premiums never increase and the policy builds cash value. This is valuable to some people because as their needs change over the years the funds can be accessed or redirected as one would see fit.

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Question by T D: What is the best life and burial insurance companies?
I am looking to buy life and burial insurance for my family. So many companies are out there not sure what are the best companies and not scams.

I would like to buy a policy that covers burial expenses and one that offers life insurance

Best answer:

Answer by Mr. Q
Basically most companies offer all types of insurance, but look into AAA or AARP, first.

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