NAIC reported that about 70 percent of people who reach age 65 are expected to need some form of long-term care at least once in their lifetime.
The biggest benefit of long-term care insurance is not having to use your own savings if you someday require long-term care.
Underwriting is the detailed analysis preceding an insurance policy's issuance, the granting of a loan, or the pricing of an IPO.
You may need to consider one or more alternatives to long-term care insurance if you can’t afford the premiums or if you don’t qualify for coverage.
Premiums that an individual pays on a long-term care insurance policy can qualify as a deductible medical expense.
Everyone evaluating their retirement planning should have a plan in place to deal with long-term care expenses.
Consider any payment you make to a healthcare provider because your insurance company won't cover it to be an out-of-pocket expense.
Developments in insurtech are expediting processes, so what customers say about their experiences will influence how others make decisions.
Disability insurance adds to your expenses, yes. However, it’s better than choosing to not get it and finding yourself in a precarious financial situation.
Though it may not be at the top of your to-do list, it’s crucial that you select the right types and amounts of insurance to protect your family.
Between the rising costs of healthcare and the shortcomings of health insurance, many people face bills they simply can't pay.
According to the tax code, for the calendar year 2021, the minimum individual deductible to qualify as an HDHP is $1,400 and $2,800 for a family.
Supplemental insurance pays benefits above and beyond the coverage you carry either through a group or individual policy.
As you carefully consider how you’re protecting yourself, you may find you need more insurance and retirement savings than your male counterparts.
One way to protect yourself against absorbing the potentially high cost of hospitalization is with hospital indemnity insurance.
When choosing between an HMO or a PPO plan, your decision ultimately comes down to what is most important to you: cost or flexibility.
The realities of the pandemic should prompt you to think more carefully about the benefits you sign up for rather than just electing the status quo.
One of the most important features of an HSA is that the money you contribute to it can be rolled over from year to year, making it a useful savings tool.
If you decide that an insurance policy would be helpful to protect your financial stability, you'll want to start looking at coverage options.
It is recommended that all businesses have commercial auto insurance even if they have only a few vehicles titled to them.
In the last decade, crowdfunding has become an option to help people struggling to pay medical bills. Here's where the practice stands in 2021.
As a senior or a person approaching that stage of life, insurance is still an essential part of your financial security.
Most people are underinsured. That’s often of their own doing, as people want to spend as little as possible on a product they never plan to use.
Today, 45% of consumers research but don't buy life insurance online; they still prefer to purchase with an agent or financial advisor.
Arguably the best known and most widely respected of all the rating services for insurance companies is AM Best Company.
Long-term care insurance helps cover the cost of a nursing home, assisted living facility, or home health aide if you become unable to care for yourself.
For those who are fortunate enough to be healthy and employed in these uncertain times, it’s not too late to apply for disability insurance.