Long term care insurance is a policy which provides a variety of services for the disabled or chronically ill individuals who cannot tend for themselves. Long term care benefits do not have an age limit.
Long term care insurance is a policy which provides a variety of services for the disabled or chronically ill individuals who cannot tend for themselves. Long term care benefits do not have an age limit.
Long term care of the artificial joint involves refraining from heavy activity and heavy lifting, and learning how to sit, walk, how to get out of beds, chairs, and cars so as not to dislocate the joint
no you do not , you can however convert the policy to a 'perm' permanent or whole life policy generally without going thru medical again. The term policy is for a specified term, 88$ of these policies never get paid out because the insured outlives or cancels the policy. A permanent policy generally does pay out and is signifacantly more money based on your age and health. These policies generally start building up cash value… Read More
the activities of daily living in long term care includes the following: transferring/ambulating eating bathing dressing continence toileting
Answer Call the Insurance company, you must be the owner or insured, privacy laws and such.
When you feel empathy for someone you in a sence feel bad for them or feel how they feel.
Reimbursement: you pay first, company pays you after for proper expenses. Indemnity: Company pays first of proper expenses. Indemnity is always better for the client ANSWER: With Indemnity long term care insurance, you get the full amount of your daily or monthly benefits regardless of the cost of care you receive. Supposed your daily benefit is $300 and your daily long term care expenses is $175, you still get the full amount of $300, therefore… Read More
Locate the name of the insurer that issued the policy; from there you can contact the insurer to start a claim, even the policy number is unknown. Search through files, safe deposit boxes and other areas where your loved one might have kept insurance documents. If you can't find evidence of the policy there, try to find out the name of the life insurance company that issued the policy.
Long Term Care insurance. But you will need to buy it while you are younger and healthier prior to needing it!
Life Insurance provides many benefits including a lump some of money to your beneficiaries free from federal income tax which they can use for any reason, including paying off the mortgage, college tuition, retirement, living expenses, final expenses for you, among many others. Life insurance provides financial security for your family, and funds which may replace your income, allowing your family to maintain their style of living. Life insurance has its advantages for both families… Read More
They should have medical coverage. Usually it can be included in the parent's policy and their premium amount. A 16 year old does not need life insurance. Put that money in a college fund. I would also question the value of Long Term Care Insurance.
Here is advice: I recommend you talk with a local agent who can get to know your circumstances. Let them explain all the options including alternatives to traditional LTC insurance because there are some excellent options. Also, if you know you have some medical issues make sure the agent knows about them. Getting a quote for a perfectly health person may be interesting but irrelevant if you will never qualify for that rate. In my… Read More
The most basic answer is the same as with any sort of insurance policy. It depends on how "risk averse" you are, as economists would say. Some gamblers never buy insurance for anything. Some conservative people insure everything. Long term care insurance is most popular among older people, especially the aging Baby Boomer generation. Elderly are the most likely to need it. However, the U.S. government estimates that 40% of the 13 million people receiving… Read More
Yes. This is quite common, although most insurers require that your parents also sign the agreement. The insured should always be aware that they are being covered. Also note that the policy is owned by them. You would just be paying for it. They would be the one with the application questions.
Unlike medical insurance, long-term care insurance can cover all the assistance you would need if you had a chronic or debilitating illness. If you're unable to care for yourself for an extended period of time, long term care would cover you. This might be in a nursing home or in your own home. Although it's becoming very popular among Baby Boomers as they age, younger people are buying long term care insurance, too. Anyone can… Read More
A "per diem" or "indemnity" long term care insurance policy will pay up to a fixed amount of benefits. An "expense-incurred" long term care insurance policy allows you to choose the benefit amount when you buy the policy. It reimburses you for actual expenses incurred, up to a fixed amount per day, per week, or per month. Note that no policy will pay unlimited benefits. Answer: An indemnity long term care (LTC) insurance pays a… Read More
If you're in the U.S., go to the state agency that regulates insurance companies. Each state has very specific laws and regulations. All state insurance regulatory agencies have Consumer Services departments (although they may use different nomenclature). Their function is to be the gatekeeper for consumers and intercede on their behalf through investigation of complaints. Generally, you will need to complete a request for assistance (which in some states may be electronic), and specify the… Read More
Medicare only covers up to 100 days If they see improvement of the health. Doctors pen. Medicaid has a spend down limit. Yes, Medicare covers people over 65, and some people with disabilities. And Medicaid covers some poor people. But Medicare only pays a small percentage of the cost of quality nursing home care. Medicaid can cover about half. Also, many economists are convinced that the current Medicare and Medicaid are unsustainable as the U.S… Read More
Generally not. And you can usually take a tax deduction for the premiums you pay.Their are taxqulified plans and ones that or not ANSWER: Long term care insurance benefits are not taxable but long term care insurance premiums can be. Depending on the type of policy, there is tax qualified policy. But your premiums can be tax deductible depending on your AGI and your age. For the year 2014, the internal revenue has increased the… Read More
Unfortunately not. You can use the new Medical Savings Account system, though. You may use your money to buy what you want, but you may have penalties for withdrawing the funds. The cost of care may rapidly deplete those savings. One option would be to roll your IRA into a fixed annuity that earns interest, and have that interest assigned to pay the premium for long term care insurance. Yes in most cases… Read More
== == It depends on the company and what she was in the assisted living facility for. The question "are you currently residing in, or plan to enter..." is the question on an application that would deny coverage. People could be residents of a facility that would not harm their chances to get future coverage. Joint replacement- you could have someone that decides to stay in an assisted living facility during rehab. When the rehab… Read More
In general, yes. In fact, because insurance is as closely regulated by the states as it is, insurers are often called upon (or perhaps pressured) to reopen or to reconsider claims when complaints are made by consumers to consumer affairs departments of state insurance regulatory authority. That is not to say, though, that every claim that is reopened will end up with a different result. The party seeking to reopen a claim (usually an insured… Read More
Blue Cross Blue Shield may offer some coverage for home health care depending on the type of policy one has. It is wise to read all materials available on your policy and contact customer service to change to another policy if necessary.
No. You will only get "insurance" from an insurance company.
Air travel frills are such inessential things as snacks, drinks, in-flight meals, pillows, and blankets. A no-frill airline usually provides transportation with no extra amenities.
I have been on the internet trying how to figure out to fill out an open enrollment papers for my health care benefits with invacare and have not been able to get through
Yes, it is. Long term care insurance premiums are tax deductible. Premium payments are considered to be medical expenses and they are deductible as long as the medical expenses exceed 7.5% of the individual's income.
Use non-abrasive toothpaste, Supersmile is recommended for veneers and other restorations. Use alcohol free mouthwash as the acohol can damage the bonding material that holds the veneer on - this also means that you should avoid drinking alcohol excessively, I always take a straw if I go out for a drink so the alcohol is not constantly hitting my front teeth that have 6 veneers. Floss alot. The edge of your teeth where the veneer… Read More
Perhaps, if the spouse who is 59 and a half is the principle owner, contact them, or read the conditions.
Long term life insurance refers to a term life insurance policy that is in effect for a long period of time, usually 15, 20 or 30 years. Term life insurance provides life insurance protection for a specific number of years, usually 1-30 years. A short term life insurance policy may be 1-10 years. A long term life insurance policy may provide coverage for 15-30 or more years. If so, Long Term Care (LTC) coverage varies… Read More
It means that if you don't pay your premiums, then rather than the policy lapsing, it will be term insurance for a period of time, with no cash value.
I don't know
no i dont know...dfffffffffff
You should call the union that sponsored the plan. You can also call your state insurance dept to have them assist you.
it means you are paying or contributing monies 'post' or after all taxes have been with held from your pay check........ maybe you are talking about a 401k? you can on most contribute, pre or post tax........
Everyone should have a plan to pay for Long Term Care be it insurance or some other plan. Statistically around 60% of Americans will need some form of LTC in their life time. Look at LTC Insurance as insurance for your retirement. Nothing will destroy a retirement plan quicker than a nice long stay in a nursing home.
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recently I visisted Switzerland and I have taken a number of photos . I want to transfer them onto my computer. I had a great time there. It was wondrful.
It amends the policy
Long term care covers both medical and non medical services for people with chronic illness or disability. ANyone who has lost capacity in performing two or more of activities of daily living may get Long term care assistance. Both seniors and young may need long term care.
Not if you were paying for your own policy yourself. Tax free benefit. 4lifeguild Maybe. Disability payments can considered tobe partially or fully taxable income.
Hi, I have some few knowledge regarding this nonforfeiture. I had only known that Standard life insurance and long-term care insurance may have nonforfeiture clauses. The clause may involve returning some portion of the total premiums paid, the cash surrender value of the policy, or a reduced benefit based upon premiums paid before the policy lapsed. If you have any attorney issues regarding this then Law Office of Sebastian Ohanian is one of the best… Read More
Cession Generically, the term refers to the formal giving up of rights, property, or territory. With respect to insurance, the term "cession" is used most commonly in the context of reinsurance. In that context, a primary insurer is said to "cede" a portion of its direct risk (assumed from policyholders) to a reinsurer, in return for a reinsurance premium. In essence, the reinsurer is acting as the insurer for the insurer as to the business… Read More
Becuase there are a lot of people with the same last name for common ones, and they could send the thing to the wrong person in the wrong state, and that person could be someone who could harm you, so you should put your address and full name on whatever it is you are filling out.
It is not taxable under setion 10(D)
When paid to a single beneficiary it usually isn't. If it is paid to your estate then it could be.
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Long Term Care insurance. ANSWER: Nursing home may be covered by medicaid but you have to pass some eligibility criteria, in addition, the nursing home facility should be certified by the government to provide service to medicaid recipients. Unless you have long term care insurance, you cannot choose which nursing home you want to be taken cared of.
Ameri-Life and Health Services is a full service independent Insurance Agency. Started over 35 years ago in the State of Florida. It now operates all over the South Eastern United States with over 30 offices in Florida alone. Over 75% of their clients are over the age of 60. They are the largest Senior Life and Health Services Insuance agency in the country. Ameri-Life offers all types of Health coverage from individual to Medicare Suppliments… Read More
It's some kind of reimbursement from the insurance company, should you decide to cancel your long term care (LTC) insurance policy.
it is better as there are benefits attached.......
With indemnity long term care (LTC) insurance, you get to receive the full amount of your benefit regardless of the care cost. For example, you bought an indemnity policy that will pay a benefit amount of $200 per day for 5 years, so when the day comes when you become an ltc recipient, an you enterned an assisted living facility or nursing home that charges $100 day, you will still get $200 from your policy… Read More
Follow some of the steps below, I hope it helps 1. If you have access to their personal records, go through old bank statements or canceled checks to see if they paid any insurance companies. 2. Did they have a personal lawyer or accountant who may have known about any old policies? 3. Talk with a past employer about any group life insurance policy that may have existed. 4. Get in touch with the Medical… Read More
Yes you will need a license to sell in Texas. Insurance Agent Licensing is regulated by Texas Department of Insurance and other state departments. Each state departments has its own insurance agent licensing requirements and examination procedures. Texas Department of Insurance does not authorize pre-licensing coursework for both Life & Health and Property & Casualty licenses, however there is a mandatory requirement for the Insurance Agent license.
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An insurance broker makes money by selling insurance to individuals or businesses.Depending on state regulations, commissions range between 2 to 8% of premiums.Broker's duty is to understand the client's requirements and provide them with the best insurance policy within budget.Salaries of brokers vary depending upon size of the company and the nature of its work.Some brokers receive performance related bonuses plus additional benefits.Brokers with commercial clients earn more than those with personal clients.
There are websites that list many companies that have been sold and are now under a new name. You may also find them by contacting the Insurance Board in the state where the policy was written. See attached link for more help.
There is no clear cut answer for this question as the IRS to date has not provided definitve guidance. I also must make a disclaimer that I am not providing tax or legal advice, and it is always best to consult with your CPA. Generally speaking, the common accepted taxation belief for life settlements is as follows: The amount of the settlement offer that is equal to your annual premium payment - this amount of… Read More
Need for privatisation arises to get rid of government service providers' inefficiencies, red tapism, administrative shackles,inordinate delay etc. The private service providers offer efficient service to woo the customers. Even the customers don't mind to pay a few dollar extra for such service ! The mounting losses of government organisation is a strain on national exchequer and will relieve the economy for health growth, as it's not the job of the government to do business… Read More
If you join any Insurance Company as an employee, a decent remuneration awaits you, apart from job security. Whereas if you join as an agent, you are your own boss and you will write your own monthly check,on the basis of your performance. You have no hectic time schedule, no thrashing from your employer for delayed arrival,only your will power, hard work will fewtch the necessary dividends.
Most sentences culminate with a full stop. Jack bypassed the fuse, little realizing his actions would culminate in Jill being electrocuted.
The average cost of a nursing home is $4000 to $8000 per month.
two or six points assessed against your record
$250,000 in the USA $300,000 in the Uk $30,000 in India
An unauthorized interview is one that was given without permission by a person's company. For example, NFL players can get fined for giving unauthorized interviews. They need permission from the NFL.
Maybe. Disability payments can considered tobe partially or fully taxable income.
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Any illness that may lead to vision impairment necessitates the need for long-term care. Even people suffering from glaucoma which may lead to blindness may claim benefits for ltc, technically, once you are blind, you can no longer perform all of the activities of daily living on your own. Benefits trigger of long-term care insurance usually start as soon as you need assistance performing ADLs, then you can claim for benefits. It is always important… Read More
my father has money taken out how do i find about benefits
TFL is a Medicare Supplement, that is, it is the second payer to Medicare in most cases. You must sign up for Medicare at 65 and pay part B premiums to even qualify for TFL. Much more info on TFL website. JJ
Without knowing all the details, if she is already in an assisted living facility you cannot… she would be uninsurable. If she is in good health and could qualify for a LTCI policy, all policies will pay for her to be in an assisted living facility.
Forethought Financial Group will soon offer ForeCare which is an annuity with a LTC rider with all the benefits available under the Pension Protection Act of 2006.
to serve clients requirement and needs as changing time.
Having interviewed at both and accepted a career with NML, I can with great certainty promise that NMLs products blow Mass out of the water. If you want to sell the best, you sell NML. The only thing that is remotely competitive over time is Guardian. Having interviewed at both and accepted a career with Mass, I can tell you with great certainty that both are great companies. I liked Mass better. Guardian??? They are… Read More
Although I do not specifically know about PA... In TX you are required to complete a 40 hour course, pay fees, then take the test. Check out your states insurance commissioners website and you should be able to find out everything you need to know. Hope this was helpful:) Evan
The first step in calculating the reduction in yield is to determine the year ten surrender value. You will then need to determine a new surrender value. The final step is to subtract the new surrender value from the unreduced yield.
You won't starve.
My experience has been overwhelmingly BAD!!! First of all my father sold a house and his Bankers Life agent sold him an annuity with the monthly payout just enough to cover the long term care he also sold him (2 commissions for the agent I'm sure). The agents sell the long term care, and no small part of the pitch is buy it now while your rates are still low. What they don't tell you… Read More
All individual life policies contain a "contestability clause." Should an individual die within the first two years of a policy, assuming all policy premiums have been paid on time, the ins. co. has the right to investigate prior to paying the claim. If a policy lapses-that is, goes out of force due to non-payment of premium, then the policy must be re-instated, and this two year period starts over again. Should a person commit suicide… Read More
When indemnity (often called short-term) insurance contracts are concluded the insured is entitled to recover the actual commercial value of what he has lost through the happening of the insured event, be such event damage to property, fire, theft, public liability or marine insurance. In non-indemnity insurance the sum which the insured is entitled to receive from the insurer does not necessarily bear any relation to the actual loss, if any, suffered by the insured… Read More
There is a tendency for online insurance providers to list insurance policies on the basis of their premiums. The lowest premiums are the ones highlighted and many of us tend to get swayed into choosing these options blindly. There is no use in getting carried away in such instances. The only way to get cheap life insurance (aside of course from being healthy and buying your policy when you are young) is to choose a… Read More
Long term care insurance offers protection from financial problems brought about by the expensive cost of long term care services that continues to keep rising. Also, this can protect the family members of policyholders from shouldering the expenses of their loved ones. Another thing, this can also be used as asset protection. You may not exhaust all of your money and assets as you receive contract benefits under the policy. Note, though, the the policy… Read More
Just call Banner life and ask someone in either Claims or Customer Service.
a long-term care insurance rider is an optional benefit in your insurance policy that provides addition advantage and benefit. An example is the share care rider which is applicable to couples, another one is the inflation protection rider that increases your daily benefits so you can cope up with inflation. There are some long-term care insurance that already includes rider, it is better to study which among these riders will fit you best.
contact of insurance is an example of indemnity contracts
Yes, contact the insurance company claims department.
As long as the death occurred outside of the 2 year suicide clause and the policy was in force than the benefit would pay.
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
Just call Primerica and ask them for a policy summary. Considering Primerica, you may wish to check and see if you can find a replacement policy at or near the same cost at this time as rates have come down and not to cut the company but there are other (nearly all) term policies out there that are better.
It depends on the policy plans of particular company.For term insurance I prefer the buyonline.aegonreligare.com.
David Quintanilla is the co-owner of the firm Quint-Essential tax and Financial Professionals in San Antonio, Texas. Mr. Quintanilla maintains a series 6, and 63 securities licenses and is a general lines insurance agent licensed in Texas. The firm specializes in taxes, accounting, bookkeeping, payroll services, health, life, accident, HMO insurance and financial planning services. Contact David @ www.quint-essential.biz, email@example.com, (210) 523-7744.
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what percent of your annual income is safe to spend on health related insurance?
Established Patient 99395 / 18-39 years old 99396 / 40-64 years old 99397 / 65 years and older New Patient 99385 / 18-39 years old 99386 / 40-64 years old 99387 / 65 years and older
A son can not generally take life insurance policy on his father's life because of lack of insurable interest in the life of father. Life insurance works on the principle of insurable interest. A father generally has insurable interest in the life of his child due to emotional reasons. That is why life insurance companies design the products for the children which take care of their education and other expenses once they grow up.
In a traditional fully insured health plan, the company that you work for pays a premium. The premium rates are fixed annually and you pay a monthly premium rate depending on how many employees are enrolled in the plan. The monthly premium will only change during the year if the number of employees change. The insurance company collects the premiums from your employer and pays the claims based on the benefits in the policy that… Read More
Take a look at the front page...policies in the United States always provide a "FREE LOOK" period. Commonly 10 days and 30 days depending on the policy type and age of the insured. Take a copy of the Front page and the "Policy Specification page" for your records. Contact the agent- notify him/her that you wish to return the policy and have a full refund of your premiums. The agent should be willing to help… Read More
Its a tagline for "NISSAN"
Costs on the Indemnity basis means that when a party wishes to dispute an amount of costs, any doubt will be resolved in favour of the receiving party. The Indemnity basis is the opposite of the Standard basis, under which any doubt should be resolved in favour of the paying party. On either basis the court will only allow costs which have be reasonably incurred and are reasonable in amount. Indemnity costs are usually awarded… Read More
It depends on your choice, needs, finances and preference. Long-term care insurance cost and services varies by state so if you have limited finances, you may choose a state where the cost of long-term care is cheaper. Also, There are cities and states which are good retirement destination. You may refer to the related links below to check long-term care cost per state and the best retirement destination so you can get an idea where… Read More