Where Can I Turn When My Household Income Runs Dry?

Where Can I Turn When My Household Income Runs Dry?

Whether it’s the loss of a job, unexpected medical expenses, home repairs or just putting the kids through college, anyone in a financial bind has a variety of resources they can turn to—particularly if they already have a bit of equity to borrow against.

Options include borrowing from a life insurance policy or a 401(k) plan, tapping a home-equity loan, an ordinary refinancing or getting a reverse mortgage.

Of course no discussion of these issues would be complete without first mentioning the importance of financial planning to try and avoid this scenario. Each of these options comes with potential drawbacks to the point where some financial analysts argue for just avoiding them altogether.

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Nursing Home Companies Join the Health Insurance Business

Nursing Home Companies Join the Health Insurance Business

Around the country, a handful of nursing home companies have begun selling their own private Medicare insurance policies, pledging close coordination and promising to give clinicians more authority to decide what treatments they will cover for each patient. These plans are recent additions to the Medicare Advantage market, where private plans have become an increasingly popular alternative to traditional fee-for-service coverage. Unlike other plans, these policies offered by long-term care companies often place a nurse…

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Blindness, Glaucoma and Life Insurance Underwriters

Blindness, Glaucoma and Life Insurance Underwriters

Glaucoma affects over 60 million people worldwide and is one of the leading causes of blindness, so how do insurance underwriters evaluate the conditions and premium considerations when they make their decisions? Here are the facts from the National Eye Institute: · Glaucoma tends to run in families · A person can have glaucoma and not know it · People over age 60 are more likely to get glaucoma · People with glaucoma usually do…

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CBO Says Families Would Be Hit Hard By New Republican ACHA Plan

CBO Says Families Would Be Hit Hard By New Republican ACHA Plan

Families To Pay Price If Maternity Care Coverage Is Cut By GOP Christie Popp, who is pregnant with her third child, is hoping hard that the maternity coverage she has through the Affordable Care Act doesn’t go away. That coverage is written into the health law as a requirement for every plan sold on the individual market. But that could change if Republicans get their way to repeal the ACA and remake health care. Popp…

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Why Women Are Suffering From a Life Insurance Gap

Why Women Are Suffering From a Life Insurance Gap

Consumers are nearly in full agreement that we all need life insurance. In fact, 85% of consumers say life insurance is a key element of their plans for the future. So why do only 62% of consumers report that they actually own a life insurance policy? To a great extent, those numbers are responsible for a more troubling trend: women are suffering from a Life Insurance Gap. And the story doesn’t end there; of those…

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What Is A Life Insurance Contestability Clause

What Is A Life Insurance Contestability Clause

Understanding Life Insurance Contestability The ‘contestability clause’ in a life insurance policy specifies a short window in which insurance companies can investigate – and deny –  potential claims. It could impact you, and at the very least, you should know the ins and outs of how it works. The contestability period runs for two years in most states and one year in others, and it begins as soon as a policy goes into effect. If the…

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What Can Trump Do To Medicaid Without Congressional Support?

What Can Trump Do To Medicaid Without Congressional Support?

After the Senate fell short in its effort to repeal the Affordable Care Act, the Trump administration is poised to use its regulatory powers to accomplish what lawmakers could not: shrink Medicaid. President Donald Trump’s top health officials could engineer lower enrollment in the state-federal health insurance program by approving applications from several GOP-controlled states eager to control fast-rising Medicaid budgets. Indiana, Arkansas, Kentucky, Arizona and Wisconsin are seeking the administration’s permission to require adult…

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No Ginkgo Biloba – But These Preventive Measures Could Slow Down Dementia

No Ginkgo Biloba – But These Preventive Measures Could Slow Down Dementia

In a landmark report, scientists have endorsed three strategies for preventing dementia and cognitive decline associated with normal aging — being physically active, engaging in cognitive training and controlling high blood pressure. This is the first time experts convened by the National Academies of Sciences, Engineering and Medicine have deemed scientific evidence strong enough to suggest that preventing dementia and age-related cognitive decline might be possible. Seven years ago, in a separate report issued by…

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Is Your Tap Water Killing You? Visit This Online Tool and Find Out

Is Your Tap Water Killing You? Visit This Online Tool and Find Out

You’ve likely read about the horror story that is the Flint Water Crisis, so what sort of contaminants might be in your drinking water? Now the Environmental Working Group is offering a tool to help you find out with their Tap Water Database. If you live in the U.S., you can simply enter your zip code – or the name of the local utility – to find out the content of your tap water. EWG is an…

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Even If You Have Health Insurance Millions More Uninsured Will Impact Your Coverage

Even If You Have Health Insurance Millions More Uninsured Will Impact Your Coverage

Much has been written lately about how individuals’ health could suffer if they become uninsured under the health insurance proposals circulating in the U.S. House and Senate. But there is another consequence: creating millions more people without insurance could also adversely affect the health of people who remain insured. “We know that communities with higher rates of uninsurance have worse access to care for those with Medicare or private insurance,” said John Ayanian, director of…

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