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What happens to a life insurance policy if you stop paying premiums at age 70?
There are many different types of life policies. You need to call your insurance company to get the specifics of your policy. Some policies will simply cancel when payment is not made. Others have cash calue build up that can make your payment for you. In some sitiuations it may benefit you to convert it to a paid up policy.
How Do I Find Independent Senior Living For My Parents?
Trying to find independent senior living for your parents can be trying and emotional, but seniors who are relatively active and require minimal outside assistance have a lot of options today. As the baby boomers age, there will be increasing numbers of options too. Why would seniors want to find an independent living community? The main reason is that independent seniors want to relocate to a community that provides for their unique needs while reducing their living expenses and feeling more secure about their ability to obtain assistance if and when they need it. Senior living communities provide a range of activities and features suited to seniors who are currently living independently but may later need more care. What do I need to think about when choosing an independent senior community? Some of the issues you and your parents need to discuss and decide upon include basic concerns about their lifestyle after they move into a senior living community. These may include: What are your parent's activities? If your parents like to play golf, many senior communities have on-site golf courses. If your parents are swimmers, check out the pools and water exercise classes available to them. What are your parent's physical needs? If a parent has been afflicted with a physical disability, it will be important to find accessible housing that lets them continue to live independently. The best housing is the housing that works for your parents now as well as in the future, so think about what will be necessary in 3 or 5 years from now. What are the relative costs and can you and your parents afford it? This is an important one and depends entirely on your financial situation, but it's important to remember that as Americans live longer, their needs for retirement cash last longer. What are the assisted-living options if you need them later? If a parent suffers a stroke after relocating to their senior living community, are health care workers available to help them when they need assistance? What are their needs for visiting and distance? Do your parents want to live near you or one of their children or are they comfortable living independently in their own region? A high number of senior living facilities and communities advertise their features and services online and many are regionally bases, do you can search for a senior facility that fits your needs using the Internet before you decide which ones to visit.
I take care of my mother in my home. She is 93 years old and has dimentia and diabetes. It's been a hard year as my husband has been laid off all year. Is there any way I can get paid for taking care of my mother?
“I take care of my mother in my home. She is 93 years old and has dimentia and diabetes. It's been a hard year as my husband has been laid off all year. Is there any way I can get paid for taking care of my mother?”
Which one of the following policies has a guaranteed cash surrender value a. Endowment at age 65 b. 20 yrs level premium term insurance c. variable whole life d. traditional universal life insurance?
All of the policies mentioned would have cash value with the exception of the 20 year level term. Although it might be some time before the cash value started to build up (likely years), and the variable and universal life would not have "guaranteed" cash value. The variable cash value is based on how your investment choices did, and the universal life could lose all of its cash value if you went a long time without paying on it. Short answer A. Here is the correct answer: Option A, C and D will both have guaranteed cash surrender values. Variables are securities and as such there are risks. In addition it can only be sold and counciled on by a registerd Rep. The 20 year term does not have any cash value unless the policy has a money back rider then it will. Now there are life settlement companies that given certain criteria may offer a better alternative selling the policy over cashing it in.
What is the difference between an annuity and a perpetuity?
Annuities are payments (or cash flows) of equal amount every period for a limited number of periods. Examples of annuities are loan payments for your car and periodic payments from a lottery win.Perpetuities on the other hand are payments (or cash flows) also of equal amounts that are made every period for an unlimited number of periods. Examples of perpetuities are property tax payments and preferred stocks.
How do you compel a BK trustee to take a full cash payment and discharge the BK?
You can compel the BK trustee to take full cash payment and discharge the bankruptcy by going to his/her office in person or setting a court date. Your attorney can advise you the best path to take.
Payment by check or payment by cash?
cash payment limited for budget 2010-2011
What happens when cash is received in payment of an account?
Received cash from a customer as payment on account
When processing full payment on accounts receivables account do you credit cash or debit it?
When processing a full payment on accounts receivable, you would debit the cash account to reflect the increase in cash received. Simultaneously, you would credit the accounts receivable account to decrease it, indicating that the customer has settled their outstanding balance. This transaction ensures that both accounts are properly updated in the financial records.
If a company will not take your cash payment do you still owe the money?
Yes, but it's strange they won't take cash. Try to find out what form they want payment in, and then try to make payment that way. If cash is the only way you can do it, call them and ask how to make a payment in cash.
Where can one obtain a cash loan with bad credit?
One can obtain a cash loan at private money lenders such as Cash Store, and Money Mart. High rates of interest are incurred, and payment is negotiated usually in full.
What is the journal entry for down payment of cash?
[Debit] Down payment xxxx [Credit] cash xxxx
Do tolls take cash as a payment method?
Yes, tolls typically accept cash as a payment method.
What is an outflow of cash profitable operations the sale of equipment the sale of the company's common stock or the payment of cash dividends?
the payment of cash dividends
How would A cash payment is recorded on the cash account as a?
A cash payment is recorded on the cash account as a debit, reflecting a decrease in cash available. This entry reduces the cash balance, as it indicates that cash has been paid out for expenses or liabilities. In accounting, debits increase asset accounts, and since cash is an asset, the payment is recorded accordingly.
What are the advantages of cash payment?
There are many advantages of cash payment. First off, cash is the most common form of payment around the world. One does not need to know any other information such as a pin number to use cash. Cash is easy to carry and has no fees for use.
Do buses accept cash as a form of payment?
Yes, buses typically accept cash as a form of payment for fare.
