When you’re young, long-term care insurance is not something you’re likely to think about. You might also think that long-term care insurance is something to worry about well into your 60s or 70s. But in reality, an illness or disability can strike at any time and at any age, and long-term care does not come cheap. In fact, Genworth’s 2019 Cost of Care Survey found that the average monthly cost of professional care in the U.S….
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If you rely on your income, you need to protect it with a good disability insurance policy. Many people take this for granted, but consider the economic impact you have to your family: Annual salary: $50,000 Age: 35 Retire at age: 65 Earned income over 30 working years: $1,500,000 Do you have anything else in your possession that’s worth over $1,5000,000? If you did, wouldn’t you insure it against loss? That’s what disability insurance does…
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The eruption of the Eyjafjallajokull volcano in Iceland this past March cancelled hundreds of flights and stranded thousands of travelers across Europe in mid-April, and inadvertently served as a prime example of why travel insurance is often a wise investment. “It promotes protection from the unknown,” says Suzanne Munson, spokesperson for Seven Corners, a travel agency based outside of Indianapolis. “For those individuals who had trip cancellation insurance during the situation with the volcano [in…
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Though consumers may enjoy a number of recreational activities during the winter, some are more dangerous than others, which could prompt people to make sure they have proper snowmobile insurance coverage. One of those activities that may end up leading to accidents is snowmobiling. According to the industry group the Insurance Information Institute’s 2010 fact book, which cited data from the National Safety Council, there were 12,735 snowmobile-related injuries in 2004. Given that amount of…
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The percentage of renters have significantly increased since the economy’s demise, and yet a little less than half have purchased renters insurance, according to the U.S. Census Bureau. This means that approximately 57 percent of renters either do not care if their valuables are stolen or damaged or there’s a possibility that they simply do not realize that although their landlords may have property insurance… that typically only covers the building itself… not the Xbox…
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Every day, millions of Americans work hard to earn a living to support themselves and their families. But what if unforeseen circumstances prevented you from earning your daily wages? Accidents and illness can occur at any time. Even if your income suddenly dries up, your bills won’t. Therein lies the value of purchasing disability insurance. This kind of supplemental insurance coverage provides various levels of income protection should you be unable to work because of…
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In addition to being a shortened Portuguese term for a venomous, hooded snake, COBRA is an acronym with which Americans are becoming increasingly familiar.
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LOS ANGELES, Calif. — Thousands of residents from Los Angeles
When you’re young, long-term care insurance is not something
