Welcome to Senior Guide
 |
|
 |
|
 |
Senior Services Seattle Article
This is a selection made from among articles on Senior Services Seattle. For a permanent link to this article, or to bookmark it for future reading, click here.
6 - Seniors life insurance
from:Do you really need seniors’ life insurance?
Many seniors worry that they do not have enough life insurance to meet their final needs. Others worry that they are too old to get good, reasonably priced life insurance. Seniors life insurance is sometimes called final expense insurance. Research will show that there is affordable seniors’ life insurance on the market. One reason for the affordability of seniors’ life insurance today is the fact that more persons are living longer. Before committing to purchasing seniors life insurance, do determine the following:
* What are your financial goals
* How much can you afford to spend
Seniors life insurance can be purchased for persons aged fifty-five to seventy-five. Deciding between the different types of seniors’ life insurance available can be a challenge, but insurance agents or brokers can help to demystify the insurance landscape. Additionally, the savvy senior or someone acting on his or her belief can search online and get free quotes before making a final decision.
It is good to also know that many seniors’ life insurance options cover most medical expenses. Seniors’ life insurance can result in big savings for medical expenses, especially if you are suffering from chronic illnesses. The major expense apart from housing fro most seniors is housing.
Most seniors’ life insurance policies offer special incentives such as:
* No medical examinations
* Death benefits that will not decrease after a set number of years, normally between two and three years depending on the insurance company. If the insurer dies before the two or three years, the beneficiary gets only a portion of the sum insured.
* Fixed monthly premiums throughout the life of the policy, that is, the premium will never go up
* Many offer cash value on the tax deferred portion, that is, you can borrow money against that portion
* Allows the individual to sell his or her seniors life insurance policy for cash. This is becoming a lucrative business and provides seniors with much needed income for immediate needs. This is known as life settlements.
Seniors life insurance policies are also a good way to help your beneficiaries pay taxes on land or property left to them upon your death. Based on your next worth, death taxes can be quite high.
Seniors’ life insurance helps seniors live without the worry that their loved ones will be left to deal with their debts and funeral expenses. Spouses know that seniors’ life insurance can provide the financial strength their partners may need to continue to live comfortably. So, regardless of your age it may well make economic sense to take out a seniors’ life insurance policy to help your loved ones cope with any financial issues that may arise.
Senior Services Seattle News
East Africa: $8 Million Grant From the Bill & Melinda Gates Foundation to Fund 14,000 New Community-Managed Savings ... (AllAfrica.com)
An $8 million grant from the Bill & Melinda Gates Foundation is enabling Catholic Relief Services (CRS) and local partners to help rural families in Kenya, Tanzania and Uganda increase their savings and gain access to small loans.
Read more...Bill & Melinda Gates Foundation Funds CRS Savings and Lending Project in East Africa (AlertNet)
Catholic Relief Services (CRS) - USA NAIROBI, Kenya, October 6, 2008 - An $8 million grant from the Bill & Melinda Gates Foundation is enabling Catholic Relief Services (CRS) and local partners to help rural families in Kenya, Tanzania ...
Read more...Northern sued by college over loss (Chicago Tribune)
U. of Washington out millions on 'safe' investment For 20 years, Chicago-based Northern Trust Corp. held the hand of the University of Washington, providing it the kind of steady, safe investment services that earned the bank its nickname "the Gray Lady of LaSalle Street."
Read more...Slalom Consulting, Together With Microsoft Corporation, Provides Tips and Tricks for Implementing Microsoft ... (Marketwire via Yahoo! Finance)
Slalom Consulting, ranked one of the best consulting firms to work for in the United States by Consulting Magazine, today announced that it will co-present "Office PerformancePoint Server 2007 Planning - Implementation Tips and Tricks" with Bayer at the Microsoft Business Intelligence Conference 2008 at the Washington State Convention & Trade Center in downtown Seattle on October 7, 2008 at ...
Read more...Will Taliban be part of Afghan solution? (Seattle Times)
Decisive military victory in Afghanistan is impossible and the Taliban may well be part of a long-term solution for the country, the senior British commander in Afghanistan was quoted as saying today.
Read more...