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Facing a Long-Term Illness
Preparing for a crisis is integral to sound financial planning. Simple steps like making a will or settling your health insurance will ensure that your money lives on after you are gone.
When a medical diagnosis forces you to get your affairs in order, we can help.
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Before you plan your finances, you need a system. We'll help you get started.
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Making your wishes clear in a will can save your next-of-kin a lot of trouble. Click here to read more!
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Now that you've decided to buy insurance, what policies are right for you? We can help make that choice.
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If you don't think you need life insurance, you might want to reconsider. Read here for more info.
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Anticipating your long-term care needs now will save you money and grief in the future.
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To do list – Are you coming to grips with long-term or terminal illness? Even if you are not ill, you should have a plan in place. -
Quiz – Are you affairs in order? Take our quiz and find out.
Be sure to get life insurance to provide your spouse, partner or children with some financial security in the event of your death. If you have dependents that rely on your income, you should have life insurance whether or not you have a long-term or terminal illness.
You should also consider getting long-term care insurance if you anticipate that your illness might eventually prevent you from working or caring for yourself. Long-term care insurance covers nursing home care and many policies also cover in-home care. Depending on the nature of your illness, a disability insurance policy might cover lost income due to a long absence from work.
Be sure to get the right insurance assistance to help you sort out what type and how much insurance coverage you need. If you don’t have health insurance, an insurance agent can help you get health insurance, too. And, setting up a financial record-keeping system will minimize worry and allow you to focus on your health.
Finally, now is the time to make your will so you can decide how your assets will be distributed in the event your illness takes a turn for the worst. It’s not an easy task to consider, but knowing your estate is in order will also bring you peace of mind so you can focus on your immediate needs.
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Setting up a system that works takes less effort than diving into boxes of receipts at the last minute; staying organized can help you keep track of your money, make better financial decisions, and even avoid an IRS audit. Spending a few hours getting your finances together costs a lot less than spending thousands to get an accountant or tax attorney to clean up your mess. So, let's get you organized.
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No one wants to have to think about their own death; and yet, if you truly love your relatives and next-of-kin, the best way to avoid adding pain to your passing is by making your wishes clear in a will. While laws vary from state to state, in general, without a will, a judge in probate court decides where all of your stuff goes and to whom. And despite the relative ease and affordability, over half of all adult Americans still haven’t drafted one.
When it's time to cover your assets, we have some tips to get you started. Read
When it's time to cover your assets, we have some tips to get you started. Read
How much professional help do you really need when buying insurance? With websites providing quick and convenient quotes and comparisons, it’s easy to believe that all you need to find the right policy is a long lunch break and a high-speed Internet connection. But sometimes, finding the right coverage for your needs can be a complicated matter requiring professional expertise. Before you decide, let's weigh the pros and cons of hiring a pro.
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Life insurance isn't just for the elderly; if you have dependents, you need life insurance to provide for all the things your income would normally pay for. Things like mortgage payments, tuition bills, and month-to-month expenses. They may also need additional money to cover funeral costs, estate taxes or old debts. This article can help you determine the right option for you.
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For many people, the idea of planning for retirement and for long-term care seems too daunting to think about. However, this is another case where a little financial planning pays big dividends; your financial and physical health could depend on it. To cut costs on elder care and protect your hard-earned savings, it pays to purchase Long Term Care Insurance before you actually need it. Here's why.
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