The need for Life InsuranceWritten by Tim Gorman
A person needs to reexamine their life insurance needs every few years because as our life events change so do our needs.When starting a family, a person needs to consider starting a life insurance policy. In event that death occurs to one of parents, there needs to be some insurance that money will be there to help raise and support rest of family. When buying a home, life insurance needs to be considered or reexamined, as well. If a spouse should die, it is important to know that other spouse could pay mortgage and bills. Getting a new job is another life event that requires some thought about life insurance. Most companies that provide health insurance, offer a life insurance policy to their employees as well. It is a great place to start life insurance policy. Lets talk about retirement. So many people rely on their 401(K), mutual funds and IRA's to survive after retirement. In event that spouse dies before they retire, other spouse would lose salary plus retirement benefits, as well. Life Insurance would not only be beneficial in this life event, but crucial.
| | Types of Long Term Care InsuranceWritten by Tim Gorman
Regardless of what some people might think, medical insurance will not cover expenses and services that long term care insurance covers. There are three types of long term care insurance. The first plan is skilled nursing care. It has to be ordered by a physician and patient must be able to fully recover form his or her illness or injuries. It involves a treatment plan, skilled therapy with a licensed therapist and nursing care. Intermediate nursing care is another type of long term care insurance. Likes skilled nursing care it must be ordered by a physician and patient must be able to recover from their illness or injury. Unlike skilled nursing care, Intermediate nursing care is not provided on a daily basis. It depends on what treatment and therapy plan tht doctor has ordered. It is basically a prescribed as needed to get well plan. The custodial nursing care plan is full coverage plan of long term care insurance. Custodial care includes daily nursing care and nursing assistance walking, eating, bathing and other hygiene matters, and also includes colostomy and catheter use, as well. Custodial care can be an in home care plan, an assisted living care plan or a nursing home plan.
|
