Types of Long Term Care Insurance

Written by Tim Gorman


Regardless of what some people might think, medical insurance will not coverrepparttar expenses and services that long term care insurance covers.

There are three types of long term care insurance. The first plan isrepparttar 144871 skilled nursing care. It has to be ordered by a physician andrepparttar 144872 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 andrepparttar 144873 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 thtrepparttar 144874 doctor has ordered. It is basically a prescribed as needed to get well plan.

The custodial nursing care plan isrepparttar 144875 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.

Life Insurance Benefits

Written by Tim Gorman


Life Insurance is a legal contract between you and a life insurance company withrepparttar purpose of providing an income to spouse, children or other beneficiaries inrepparttar 144869 event of your death.

There are two different categories of Life Insurance. Term Insurance is designed to provide death benefits for a specific time period. It is set up to pay a death benefit if a person should die in this specific time period. The most common term for life insurance is 20 years. Term Insurance has many benefits: it is relatively inexpensive to purchase initially. The reason for this is because your only paying for this death benefit ifrepparttar 144870 death occurs during this specific time period or "term". Term life insurance is great for young couples just starting a family. It is affordable and offers high levels of coverage.

The drawback to Term life insurance is that when you initially start out, your payments are low and coverage is high, but atrepparttar 144871 end of your 20 year term you decide you still need coverage andrepparttar 144872 cost is much higher because your are now 20 years older. If you are in good health your premiums will be higher. If you have had any medical conditions inrepparttar 144873 past 20 years, you may not even qualify for life insurance. Some term life insurance policies do offer a provision that will allow a person to convert their term into permanent life insurance inrepparttar 144874 first few years ofrepparttar 144875 policy.

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