Assisted living and nursing home costs are on the minds of many pre-retirees and retirees. In a study administered by the Associated Press and the NORC Center for Public Research, about 70% of survey respondents (1,019 in total respondents) stated they were worried about having to pay for these services. With the growing costs of these services, no wonder why. The average annual cost of skilled nursing care for a semi-private room here in Massachusetts is over $135,000 and projected to climb over $180,000 by the year 20261. Add to the fact that the Department of Health and Human Services state that 7 out of 10 people over age 65 will experience a long-term care event at some point during the rest of their lifetime, no wonder people are uneasy. Most individuals and families wonder how to protect assets from nursing home costs. Do you share the same feelings? [Read more…]
We are sure you have never heard of United Farm Family Life/ United Home Life (The company either is UFFL or UHL depending on the state you live). They are a life insurance company. You might say to yourself, “Duh, coming from this website, what else they would be?” Well, what you don’t know is that they are very unique. They operate in a niche, and they help provide life insurance to people quite well. In this article, you will learn some of the strengths of UFFL/UHL , and if they are a good fit for your situation, either now or some time down the road. The below is the opinion of My Family Life Insurance only. [Read more…]
Can I obtain life insurance if I have HIV? The short answer – yes.
The life insurance industry is changing for the better. Some insurers are not only adjusting policy premiums through monitored healthy ways (like fit bit), but also opening or expanding insurance coverage opportunities to impaired health conditions such as type 1 diabetes. These coverage options are greater today thanks impart to technology, advances in health care, and people generally living longer with these conditions. The Huffington Post even reported that young Americans living with HIV have a great chance of living into their 70s. [Read more…]
Have you ever heard of the MIB? Nope, in this case, we aren’t talking about a bunch of men, dressed in black, looking for aliens. You may have heard of this acronym if you applied for any type of personal insurance (life, health, disability, critical illness, and long-term care) on yourself. Contrary to what you may have heard from another agent or think, the MIB isn’t some evil organization out to “get you” (or find aliens). In this article, we will describe the importance of the MIB and their role in the underwriting process. After reading this article, you may even be happy the MIB exists, and understand that they are your friend in the underwriting process (Ok, we won’t go that far :)). [Read more…]
You surely have heard of long-term care insurance. Anywhere you read or hear, someone is talking about the need for long-term care, the associated effort that comes with self-insurance or caring for someone in need, the need for some type of insurance, and how expensive the insurance can be. [Read more…]