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What’s your most important asset? Your home? Other property? Savings? For most Americans, one particular asset is more important than any of these. Everything most people own is dependent on their ability to earn an income. It’s that steady paycheck that allows you to hold on to what you have. If you became unable to …

Most long-term care policies will pay a preset amount of an insured’s long-term care costs when the insured is certified by a licensed health care practitioner as a “chronically ill individual.” To be certified as a chronically ill individual the insured must either (1) require substantial supervision to protect himself or herself from threats to …

At least 32 million U.S. households own insurance policies that are not appropriate for them, according to a recent survey.1 This doesn’t necessarily mean that people routinely buy the wrong insurance. It’s more likely that they buy good coverage but don’t update their policies to reflect changes in their lives. Some obvious life changes that …

Even as the economy stumbles, the price of a college education keeps on climbing. Average tuition and fees at public four-year colleges and universities rose 6.4% in the 2008–09 academic year, while costs at private four-year institutions rose 5.9%.1 Higher college costs and trying economic conditions have interrupted the education plans of many aspiring students. …

Critical illness insurance is medical insurance that pays a lump-sum benefit upon diagnosis of a critical illness or condition. A critical illness insurance payout helps you avoid the financial strain a major illness can create so you can focus on your recovery. It gives you the freedom to: Get the treatment you want Spend time …

Life insurance is for the living. It gives you and your loved ones: A financially secure future Life’s necessities and the little extras A good night’s sleep In addition to providing death benefits so your loved ones can carry on financially without you, certain types of life insurance can build cash value to secure your …

Maintaining Control “It was like clockwork. At the end of every month, I’d walk to the mailbox and there was a check from Mutual of Omaha. It was such a feeling of relief.” These days, Noreen Kidger has everything just the way she likes it – under control. Whether it’s her job as a nurse …

It seems that everywhere we turn today we hear more and more about long-term care and long-term care insurance. It has been a regular topic of magazine and newspaper articles, and a recent topic of discussion throughout health care and financial circles. Why are so many members of the media, the government and other groups …

It is a common assumption that Medicare will help pay for long-term care. Many people have worked towards retirement assuming that should they need long-term care at some point in the future, they could count on Medicare to help pay the bill. Medicare is health insurance for people over the age of 65, long-term care …

Medicaid will cover the cost of some types of long-term care, but to qualify one must meet Medicaid’s strict income and asset eligibility requirements. Medicaid was designed as a resource for individuals who could not otherwise pay for their own medical needs. It was not designed to act as a national long-term care financing tool. …