Clay Cotton's Articles - Approved Articles Directory | Search Find Free Content | Submit Articles

Search:

Clay Cotton's Articles

Display Category\|Title\|Newest\|Oldest
Genworth Cornerstone - Advantage or Disadvantage? Genworth is promoting it's new long term care insurance product, Cornerstone Advantage, as an affordable LTCi solution. In today's market, there is only one way for an insurance company to offer lower priced long term care insurance coverage - and this is to cut their costs! But how is Genworth doing it? Congress Scrutinizes Long Term Care Insurance Conseco and Penn Treaty Long Term Care insurance companies must be biting their nails to the quick, as the House Committee on Energy and Commerce breathe down their necks and the General Accountability Office closes in. Know Thyself - The Cardinal Financial Panning Rule? While we often apply the Know Thyself rule to evaluating risk tolerance, it works for all aspects of financial management. Raw numbers mean nothing if you have to go against your established behavior patterns to achieve them. But Will You Even Be ABLE to Retire? Everybody envisions the golden years as a time to relax away from the stresses and strains of working life, but for for many baby boomers it may be a far different picture. Long Term Care Insurance: Who to Trust? When choosing your long term care insurance, it's a very good idea to enlist the expertise of an insurance coverage contract lawyer in the beginning, rather than waiting until being denied. Just know that lawyers are pricey, so be prepared to spend some extra cash for this last step. Long Term Care Insurance: Yea or Nay? Long term care insurance coverage simply MUST be considered by everybody who can medically qualify for this important coverage. Why? For starters here are 10 good reasons: Medicaid Falls Short for Nursing Homes Long term care facilities say that the money which Medicaid provides for patient care simply isn't enough to cover costs. Long Term Care Insurance circa 2007 When long term care insurance was first conceived and offered, back in the 1980's, most LTCi premium rates were much lower than today's policies. Why have they increased so much and why are long term care insurance companies raising premiums on existing policies? Long Term Care Insurance: Five Simple Steps for Comparing and Choosing Policies Every insurance policy is a legal contract. Once agreed upon by both parties, a long term care insurance company must uphold their contract to the letter, or risk lawsuits and regulatory prosecution. Each policy is crafted with utmost care using the probabilities of actuaries, as well as contract lawyers' keen legaleze, and here's how to navigate the decision process. Caregiving's Costly Burden Hey - If I had known that official government policy toward caring for elderly parents was that their children would have to do it all, well I would have had 10 kids. ChoicePoint: To retire, start over or hang in there? Prior generations retired after working at one company for 25-30 years, and after that stint, they then retire and get a pension plan. Retirees had a small house paid for, a nice Social Security check and a pension. Add to that a life expectancy of around 70 years, and you'll have a perfect retirement plan. Big Changes in Pension Plans, but Long Term Care Untouched There are big changes coming to retirement plans. In August 2006, President Bush signed into law the Pension Protection Act of 2006 (PPA). This law affects both employee funded plans such as 401(k)s and traditional defined benefit pension plans. Boomers want to retire yet stay involved Many retirees, especially us baby boomers, want to retire from their careers yet become involved in other areas such as social and health services. Friends and Family Will Be Tapped for Long Term Care More than 1/3 of U.S. residents contacted indicated they would turn to family and friends for long term care, a new survey shows. The End of Unlimited Lifetime Benefits in New Long Term Care Insurance Policies Prominent long term care insurance carrier Penn Treaty recently announced that it will discontinue offering the "unlimited lifetime" benefit option on all new policy forms as of 1/1/2007. Will other insurance companies follow suit? We think so, as the industry adjusts to changes in the all-too-real world of care and care giving. Caregiver Contracts Make Things Clear Caregiving is not the kind of topic that makes for pleasant chit-chat over tea, much like long term care and long term care insurance. Yet these are crucial issues to address boldly with vigor and verve, if you want future years to unfold gracefully. Estate Planning: Make Sure Your Wishes are Honored A medical power of attorney and living will are crucial estate planning steps, and like long term care insurance, must be set in place early in life for optimal protection. Won't Medicare Pay for Our Long Term Care? Fact: Medicare is NOT DESIGNED to cover long term care. It was designed primarily to help with 'short term' rehabilitation. Long Term Care Decision Can Take an Emotional Toll on Caregiver It is universally agreed that one of the most difficult decisions a caregiver must make is deciding when it is finally time to choose a long term care facility for a loved one. How to Understand Health Standards for Long Term Care Insurance Enrollment Long term care insurance conforms to the basic insurance mechanism, in that the individual risk of future peril is shared by a pool of people who currently are free from that peril. Certain pre-existing health conditions can make it impossible for some folks to enroll due to health reasons. If you have any health issues, this article can help you better understand long term care insurance health requirements. This is worth checking out... Long Term Care and Long Term Care Insurance? Your Chances and Your Costs… Clearly, you don't want to dwell on an image of you or your spouse in a wheel chair or nursing home, but if you don't plan ahead now for such eventualities, you could end up with a crippling financial burden that can strip a family of it's entire nest egg, because long term care is costly. This is why insurance can be such an affordable planning tool.

Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds