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Finance & Insurance
Who Needs Long Term Care Insurance (LTCI)?
Do you Need Long Term Care Insurance (LTCI)?
While most adult Americans are giving some thought to retirement planning, especially with these tight economic times, many have not really thought about the need for long term care planning. In my experience, people who have had to go through the experience of having a family member need… »
Term Life Savings for Older People
Can Older People get a Good Deal on Term Life Insurance?
Lots of people, even insurance pros, assume that only younger people should apply for term life insurance. Of course, all things being equal, a younger person will get a better rate than a younger one since age is one big determinate of rate bands. However,… »
Why Do Older People Need Life Insurance
Have You Outgrown Life Insurance or Not?
Related: No Medical Exam Life Insurance For Seniors
You probably heard the same thing I did. Term life insurance policies are for younger people who need to cover their home mortgages and family members who depend upon their incomes. They are affordable, because they are pure life insurance. The rest… »
Recession and Retirement Savings Attack Plan
Well, a lot of us who were already worried about our retirement savings are not getting any more optimistic lately. But I was very interested to see a slightly different take on the issue of declining investment accounts in this article: Saving For Retirement During a Recession.
The approach that WomanWork.net takes is pretty pragmatic,… »
Looking For Life Insurance At Your Age?
I know a lot of people of 50, or even older, who are worried about life insurance. They had term policies that covered them for 20 or 30 years, but those terms have expired. Some of them had a coverage through a group plan at work, but they have retired, quit, or been fired, and… »
How Much Do Funerals Cost Anyway?
It seems that we Americans do not like to discuss death, and the associated unpleasant duty of sending our loved ones off to their final rest in this sphere. And it seems clumsy and awkward to discuss the costs associated with funerals. However, the average US funeral costs over $8,000 as far as I can… »
Retired People Worry About Investments Now
According to the New York Times, retirees are one of the groups who are most worried about their investments. Of course, older people do not have years to wait for a financial market recovery, and many are watching their portfolios lose value, and they are losing income from their investments every day.
The article also mentions… »
Prepare For Unemployment
You can prepare for a job loss.
We have posted before about over 50 career changes. But now, in these uncertain economic times, I think it is important to think about preperations for unemployment. In our parent’s generation, older people would be sittinng this out, waiting to retire, but we do not have this confidence anymore. And… »
Term Life Rates For Older People
In my other incarnation as an insurance agent, I always advised clients to hold onto any life insurance they had. Life insurance that was purchased at a younger age was almost always cheaper than any policy purchased at an older age. I could not save them money by replacing their policy, and replacing a policy… »
Health Insurance Age 50 to Age 64
In the insurance industry, health insurance for those who are to young (or not qualified) for Medicare is called Under Age Health Insurance. That probably sounds sort of funny because most people associate underage with “underage drinking” or something like that. But in this case, a 64 year old still gets under age health insurance…. »
