- Do I Need Long-Term Disability Insurance?
Long-term disability insurance can replace lost income if an injury or illness prevents you from working for an extended period of time. Employers can offer long-term disability insurance through a group policy or you may be able to purchase a… read more…
- Understanding Short-Term Care Insurance
Short-term care encompasses services that people usually need when they are unable to take care of daily activities on their own, including services involving stays in an assisted living facility or skilled nursing home, services offered by home health care aides or even certain prescription medications. Additional recovery time at home – or even additional… read more…
- How Does a Child Life Insurance Rider Work?
Life insurance riders allow you to increase the coverage or death benefit provided by your policy. If you have kids, you might consider adding a child rider. Child rider life insurance additions pay out a death benefit if a covered… read more…
- Understanding How Life Settlements Work
Life insurance can prove to be a valuable asset if you’d like to leave a death benefit behind for your loved ones. But if you decide you no longer need your current policy or you need cash now, you may choose to exchange it for a life settlement. A life settlement, also known as a… read more…
- Short-Term Disability Insurance: What Is It?
Short-term disability insurance can temporarily replace your paychecks if you can’t work because of an injury or illness. Some employers provide short-term disability insurance as an employee benefit but you can also purchase a policy on your own. But do… read more…
- Understanding What a Guaranty Association Covers
Consumers and business owners purchase insurance to protect against financial risks. Insurance companies have risks too, though, and there is always a chance the firm will go under or be unable to pay out an insurance claim for some other… read more…
- When and How to Cash Out Life Insurance
Life insurance is designed to provide a death benefit to your loved ones after you pass away. Certain policies can also accumulate cash value that you can tap into during your lifetime. There are different ways to cash out life… read more…
- Should I Buy Long-Term Care Insurance?
Long-term care insurance is designed to help cover the cost of nursing home care. This type of insurance can help to fill a financial gap that isn’t covered by Medicare, without requiring you to spend down assets to qualify for Medicaid. Before deciding if long-term care insurance is right for you, it’s important to understand… read more…
- How a Guaranteed Investment Contract (GIC) Works
There’s a wide range financial instruments available to investors. While many of us know the most popular asset classes and investment vehicles, the guaranteed investment contract (GIC) is fairly uncommon. In short, it’s a financial instrument, typically issued by an insurance company, that comes with some unique characteristics. Not to be confused with guaranteed investment certificates,… read more…
- How a Cash Refund Annuity Works
An annuity income rider is a powerful addition to your retirement planning toolkit that can provide financial security when you need it most. These optional benefits attached to annuity contracts guarantee a lifetime income stream, regardless of market performance or how long you live. By separating your income base from your actual account value, income… read more…
- How Catastrophe Bonds (CATs) Work?
When a catastrophic event occurs, insurance and reinsurance companies step in to take care of policyholders. Major claims like this can have a significant impact on an insurer’s financials, so they look for strategies to spread the risk around. One strategy is called a catastrophy bond. Arranging for protection from unforeseen developments is best done… read more…
- Who Has to Take an Annuity RMD?
Annuities are appealing to many investors because they offer tax-deferred growth and the potential for guaranteed income that you cannot outlive. The tax-deferred growth is similar to the features of a 401(k) or a traditional IRA. While certain retirement accounts… read more…
- What Is a Self-Insurance Plan?
Employer healthcare insurance can be a valuable addition to your employee benefits package. In an effort to reduce costs, more companies are choosing self-insurance plans to meet the healthcare coverage needs of employees. Also referred to as a self-funded plan,… read more…
- Should You Get a Return of Premium Rider?
Most term life insurance policies expire without the owner receiving a payout. While it’d be undoubtedly good news that you’re still alive, you may feel that your money has been wasted. A “return of premium rider” provides a financial payout at the end of your policy term as long as you’ve made every payment. While… read more…
- Best Long-Term Care Insurance Providers of 2025
Long-term care (LTC) insurance is a smart way to get ready to face what can be a hefty cost later in life. Many people need some help taking care of themselves as they get older — especially these days, with… read more…
- Why AM Best Credit Ratings Are Important
AM Best credit ratings grade the financial stability and the creditworthiness of insurance companies. Even though there are other credit rating agencies for businesses, AM Best is the only one dedicated to the insurance industry. AM Best ratings are considered the benchmark for credit ratings in the insurance industry. For help finding the insurance provider… read more…
- Brighthouse Long-Term Care Insurance Review
Growing old can bring distinct challenges, including the need for long-term care. While there is no guarantee that you’ll end up needing long-term care, many people’s health in their later years necessitates getting help with the activities of daily living. One provider of long-term care insurance is Brighthouse Financial. This page will guide you through the products… read more…
- Nationwide Long-Term Care Insurance Review
Long-term care insurance is designed to help Americans afford the healthcare services some need, whether that be near the end of their lives or years earlier than that. The exact details of your policy will depend on a number of factors, including what insurance company you use. One popular provider of long-term care insurance is… read more…
- AARP Long-Term Care Insurance Review
The services that fall under long-term care are wide-ranging. In fact, they may be needed for the young and old, as it’s simply for those who have disabilities or debilitating health conditions. Long-term care is different from other kinds of healthcare in that it can involve what’s known as custodial care. This includes personal aid… read more…
- Mutual of Omaha Long-Term Care Insurance Review
Between possibly declining health, changing family situations and the psychological stress of approaching your later years, getting older can be very difficult. It doesn’t get any easier when you add in the financial stress of having to pay for necessary long-term care. Long-term care is an umbrella term that covers a variety of personal care… read more…
- Genworth Long-Term Care Insurance Review
Long-term care, which generally includes services like home care, assisted living and skilled nursing, is something most people hope they never have to use. But if you do end up in a position where you need long-term care, you want to make sure you’re ready for it since it can get very expensive. Perhaps the… read more…
- New York Life Long-Term Care Insurance Review
Long-term care can cover a wide variety of services. The need for it can arise for anyone at any time, regardless of whether they have a disability or are a senior citizen. Long-term care goes beyond normal healthcare to encompass custodial care, which includes help with daily activities like bathing, cooking and getting dressed. In… read more…
- Northwestern Mutual Long-Term Care Insurance Review
Long-term care encompasses a variety of services that may be necessary for people who have disabilities or debilitating health conditions. The need for it can arise for anyone at any time. Long-term care is different from other kinds of healthcare in that it can involve assistance with aspects of what’s known as custodial care, which… read more…
- MassMutual Long-Term Care Insurance Review
Long-term care (LTC) insurance encompasses a variety of services that may be necessary for people who have disabilities or debilitating health conditions. The need for it can arise for anyone at any time. Long-term care is different from other kinds of healthcare or medical care in that it can involve assistance with aspects of what’s… read more…
- Bankers Life Long-Term Care Insurance Review
Long-term care encompasses a big umbrella of services that generally breaks into three buckets: home care, assisted living and skilled nursing. While long-term care isn’t the most fun conversation to have, planning early could be a huge help in the long run. In fact, doing so can help you avoid the exceptionally high costs associated… read more…