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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How Do Viatical Life Insurance Settlements Work?

How Do Viatical Life Insurance Settlements Work?

People living with a terminal illness are often faced with very tough financial decisions, and selling their life insurance policy for a viatical settlement can help ease some financial worry. It was originally intended for AIDS patients to have early access to their life insurance policies, but has expanded to include other conditions such as cancer, heart disease, and any other life-threatening illness.

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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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Steps To Choosing Which Life Insurance Company Is Best For You

Steps To Choosing Which Life Insurance Company Is Best For You

Selecting one life insurance company out of a pool of over 1,600 companies can be an overwhelming task, but with the assistance of some common-sense guidelines this process can become more manageable. The first step should always be to determine your life insurance needs.

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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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How Are Taxes Impacted By An Insurance Company Monetary Settlement

How Are Taxes Impacted By An Insurance Company Monetary Settlement

There are certain tax consequences that come from getting a monetary settlement, which need to be addressed when preparing your annual income tax return. Policyholders eligible for compensation are usually given several options – depending on their life insurance company. The tax ramifications will also depend on the method you choose.

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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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