7 Tips to Plan Your Health Care After Job Loss Losing your job can be a stressful and overwhelming experience. On top of dealing with the emotional and financial challenges, The last thing on your mind is your health care status. But if done well. Taking advantage of your health care before it runs out…
Qualifying for Long-Term Care LTCI contracts have two distinct benefit triggers—a loss of physical function or the existence of cognitive impairment. Loss of the Ability to Perform Two Activities of Daily Living (ADLs) The inability to perform two or more of six physical functions is collectively defined as the basic activities of daily living (ADLs).…
Benefits of Decreasing Term Life Insurance Decreasing term life insurance is a type of life insurance policy that provides coverage for a specific period of time, such as 10 or 30 years. The death benefit of the policy decreases over time, in line with the outstanding balance of your mortgage or other debts. This type…
A 1035 exchange is a provision in the Internal Revenue Code that allows you to exchange one insurance policy or annuity contract for another without having to pay taxes on the gains in the original contract. This can be a valuable tool if you are looking to change your insurance or annuity for a different…