It’s important to factor healthcare costs into your long-term savings plan. Follow these five tips to help keep future healthcare expenses from jeopardizing your retirement goals.
Whether you've had a long-term care insurance (LTCI) policy for years or you're thinking of buying one, it's critical to understand exactly what set of conditions will trigger coverage.
Calculate how much life insurance coverage your family may need to cover future expenses
Use this calculator to to see what your payout, cash value, and dividends for a universal life policy will be.
Use this calculator to to see what your payout, cash value, and dividends for a whole life policy will be.
Along with living longer comes a much greater likelihood that a costly health event will occur – an event that without proper advance planning could rapidly exhaust your financial resources.
When you retire you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups.
Incapacity means that you are either mentally or physically unable to take care of yourself or your day-to-day affairs. Incapacity can result from serious physical injury, mental or physical illness, mental retardation, advancing age, and alcohol or drug
Long-term care insurance is one way to help preserve your nest egg, take the stress off family and provide long-term health care when you need it.
As you become eligible for Medicare, you will probably find yourself also considering buying additional insurance to cover the costs of prescription drugs. In fact, you will discover that Medicare strongly urges you to buy supplemental coverage, because prescriptions are not included in basic Medicare coverage.
Your need for life insurance changes with the stages of your life, starting with no need when you're young, progressing to greater and greater need as you take on more and more responsibility, and finally beginning to diminish as you grow older.
Your need for life insurance changes as your life changes.
Before medical problems arise in retirement, consider these steps to secure your financial future.
Maybe you have, or are considering purchasing, AD&D coverage but don't know exactly what it is. Find out if this type of insurance is right for you and your family.
Healthcare costs are rising at an accelerated rate, threatening quality of life for millions of current and future retirees. Remember to consider healthcare costs when planning for retirement.
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