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Articles & Real-Life Stories: Insurance

Long-Term Care Insurance helps cover the expenses accrued from all types of long-term care, including long-term physical illnesses, disabilities or cognitive impairment. Whether one needs long-term care is a very personal decision and there are several factors to consider including age, daily benefit amount and the period to be covered. Search the SourceBook Directory for insurance specialists in Virginia, Maryland, Washington DC, Pennsylvania, New Jersey, or Delaware.

View Articles and Real-Life Stories in Relation to: Insurance

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Tag: Real-Life Story

Title: Peace of Mind After Losing a Loved One

Preview: Iris and Harold were high school sweethearts who married in 1958 - she was 18 and he was 21. While she stayed home and raised their two children, Harold worked all his life as a machinist and retired two years ago. As in their younger days, Iris and Harold were enjoying retirement by traveling...

Tag: Article

Title: How To Save Money on Long-Term Care

By: The Insurance Information Institute

Preview: The tips below will help you save money wisely, but don't rely on price alone. MOST IMPORTANT: Because you may not collect for decades to come, be sure to buy from a company that has been around for some time and is financially stable. You may want to look up, from an independent rating agency...

Tag: Article

Title: How To Get More From Your Life Insurance Policy

Preview: In the past, older Americans with life insurance policies they no longer had use for or could not afford to keep had little option but to let the policies lapse or surrender them back to the issuing insurer. However, the emergence of an institutionally funded secondary market for life insurance ...

Tag: Article

Title: How To Protect Yourself from Health Care Fraud and Abuse

Preview: Information about escalating health care costs is everywhere. What consumers often fail to realize, however, is that much of this inflation is due to health care fraud and abuse. A large portion of these costly crimes are committed against seniors and directly affect the way Medicare and Medica...

Tag: Real-Life Story

Title: Fitting Long Term Care into Your Budget

Preview: For Sam and Peggy Barnes, long-term care insurance was just too expensive. They had met with agents from all of the major insurance companies, reviewed all of the policies, heard all of the sales pitches, and wound up not going any further. Confused and frustrated, Sam and Peggy decided not to ...

Tag: Article

Title: How To Understand Medicare's New Drug Coverage

By: Christy Pagans

Preview: Between the commercials, the mailings, and the overwhelming media coverage, everyone knows that Medicare is unveiling new prescription drug coverage in 2006. But what exactly is Medicare's Prescription Drug Plan, also known as Medicare Part D? How do the plans work? Are the plans right for you ...

Tag: Real-Life Story

Title: Policy Makes All the Difference

Preview: When Bernice Paul purchased her long-term care insurance policy at 74, her children did not understand why this type of insurance was necessary. After talking with her good friend, Phyllis Felser, an insurance agent with the Comprehensive Long-term Care Group, Mrs. Paul realized that it would be...

Tag: Article

Title: A Model Retirement

By: Christy Pagans

Preview: Alan and Katharine Jung are truly a model for ideal retirement living. Not only have their retirement living decisions been well thought-out and proactive, but they have also embraced the new opportunities that retirement offers and are fully enjoying what they refer to as a "new season in their ...

Tag: Article

Title: A Retirement That is More Than O.K.

By: Christy Pagans

Preview: Two signs hang outside Mrs. Sadie Hofstein's apartment in Martin's Run, a continuing care retirement community in Media, PA. One cheerfully announces, "I'm O.K.," while the other is a more distinguished plaque engraved with "Hofstein House." Both say a lot about Mrs. Hofstein's personality, he...

Tag: Real-Life Story

Title: Solving a Financial Problem

Preview: Marie and Len have been married for 42 years and live in an old house set on a lovely property. After retiring from a career in retail sales management, Len takes care of the yard and fishes. Marie, having raised two children and worked as a part time bookkeeper, enjoys the garden, especially h...

Tag: Real-Life Story

Title: Formulating a "Game-Plan"

Preview: Pieter and Phyllis DeSmit have spent their lives teaching and coaching children and young adults. After retiring from long and prosperous careers, the two found that it was time to educate themselves about long-term care insurance. They realized early on that they needed a "game-plan" in order ...

Tag: Real-Life Story

Title: Policy Proves Useful Early On

Preview: After working as a Chief of Staff to a Senior Member of Congress, running a national trade association, and serving as a partner in a lobbying firm, Jim Afton retired from a long and prestigious career in government service. He thoroughly enjoyed his various appointments on Capitol Hill because ...

Tag: Article

Title: Nursing Home Costs Could Reach $190K a Year by 2030

By: Press Release

Preview: Financial planners and insurance providers have been warning baby boomers to be prepared for the cost of nursing home care for years, but just how much should they expect to pay? On average, U.S. nursing homes now charge $54,900 a year, and this could reach as high as $190,000 by 2030, when the l...

Tag: Article

Title: How To Choose Long-Term Care Insurance (LTC)

By: Guide to Retirement Living Staff

Preview: As the older adult population grows and life expectancies continue to increase, more and more Americans face the difficult prospect of having to pay for costly long-term care. One of the ways consumers are answering this challenge is by purchasing long-term care insurance in order to help manage...