earn some money for one
I don't know if there is any help at all for low income people regarding insurance. Call your states dept. of insurance and see if they know of any programs for this assistance.
The median household income in 1945 was $2379.00 according to the Financial Help Center.
Income protection insurance can be worth it for individuals who rely on their income to cover living expenses and support their lifestyle. This type of insurance provides financial protection in case of illness or injury that prevents you from working. It can offer peace of mind and help maintain financial stability during difficult times.
She should apply for California Medicaid.
Personal income insurance provides financial protection by replacing a portion of your income if you are unable to work due to illness, injury, or disability. This can help maintain your financial stability by ensuring you have a source of income to cover expenses during unexpected events.
An insurance Financial Planner can help you plan for a secure financial future using insurance products, like Life Insurance - for supplemental of retirement funds, and Disability Insurance to protect your income in case of a sickness or accident. A good financial planner will not only protect your investments but also your ability to earn an income, which will help you receive a monthly benefit in case you can't work if you become temporarily or permanently disabled or unable to work.
A little more info would help. I assume you mean that if the insured dies and the benefits are paid. There is no income tax on life insurance proceeds as long as you never deducted the premiums on your income tax.
Indemnity insurance is for patients that don't have a good income. It allows them to have all of their surgeries and treatment at the hospital covered by the hospitals private insurance. Human resources could help you.
I suggest your mother apply for Medicaid with her State agency. She will have to show proof of Medicaid/AARP insurance and income/assets.
If you are in the US, there is normally a county mental health agency that can help you with this. There are many psychiatrists who charge based on income for people without insurance.
Life insurance is designed to replace the loss of income from a deceased family member. It provides a lump sum payment to the beneficiaries upon the death of the insured person. This can help cover financial expenses and provide for the surviving family members.
The limits are set by each insurance company and depend on your income, assets, health, etc. You can find other life incurance companies to supplement your existing life insurance coverage. An experienced agent/ broker can help.