A 55-year-old male should expect to pay around $5,300 annually for an average linked-benefit long-term care insurance policy according to the just-published Price Index. The first price analysis comparing leading linked-benefit insurance costs and benefits was recently published by the American Association for Long-Term Care Insurance. “Linked-benefit long-term care insurance combines the benefits of a life insurance policy with a rider that can provide long-term care benefits,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance. “These policies now outsell traditional long-term care insurance making it time for us to…
Read MoreTag: death benefits
Disability insurance to cover new San Diego hires
The city has stated that it is likely to provide this coverage, as well as death policies to new workers. The mayor’s office in San Diego has revealed that the city will soon be issuing a proposal request in order to be able to obtain death and disability insurance that will be offered to its newly hired employees. It is expected that the request for the proposals will be made within the next few months. This change in the death and disability coverage for the workers hired by the city…
Read MoreLife insurance law in Vermont drives insurers to pay
Companies in the state were not adequately seeking beneficiaries are now paying out. Auditors in Vermont have determined that many of the life insurance companies in the state were not being adequately aggressive to seek out the beneficiaries of policyholders that had died, and steps have now been taken to remedy that trend. This has meant that many beneficiaries were not receiving the payments that were due to them. A number of large life insurance companies in Vermont, such as Lincoln Financial, Prudential, and AIG, have each reached settlements with…
Read MorePoints to think about when you buy life insurance
The moment you decide to start a family life, your brain begins to plan for the future. It is natural for anyone of us to think and plan about the good life of our loved ones even when we are gone. This very moment is the point when you start to ponder over a life insurance policy. There are several insurance companies trying to attract you with various schemes and coverages but ultimately a long term plan comes down to deciding between universal life insurance or whole life insurance. The…
Read MoreLife insurance is being rediscovered as important to financial planning
This shaky economy is encouraging consumers to take a second look at the coverage. For the last several years, the popularity of life insurance has been shrinking, reaching the lowest points that it has seen in decades, but with the state of the current economy, financial planners are beginning to turn their gaze back toward this coverage product and the security that it can offer. Though the policies should not be considered an investment, they do offer planning flexibility. To start, it should be understood that in the majority of…
Read More
