| Insurance - Long-Term Care - Considerations in Evaluating |
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| Long-term care insurance can provide valuable monetary help to those needing long-term care, typically the elderly. Whether to buy such insurance is a decision personal to each individual. However, there are many general considerations that should be taken into account when determining whether the purchase of long-term care insurance is wise. More... |
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| Annuity Payout Options |
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| An annuity contract includes provisions for paying out benefits to the annuitant or beneficiary. There are many payout options available. Generally, a portion of each annuity payment is income; thus, federal income tax applies. More... |
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| Insurance - Long Term Care - Remedies for Aggrieved Policyholders |
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| Sometimes, the holder of a long-term care insurance contract feels that he or she did not get the benefit of his or her bargain with the insurance company. This may result, for example, from provisions that were clearly delineated in the policy, from items that were in the policy but were not well defined, or from the insurance company overstepping its bounds as an insurer. More... |
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| Asset Management - Viatical and Senior Settlements |
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| In a viatical or senior settlement, a person who owns a life insurance policy sells the policy for a lump sum payment, usually a percentage of the policy's face value, to a buyer. The buyer of the policy then becomes the beneficiary, pays the premiums, and receives the full amount of the insurance when the original owner dies. Viatical settlements can be risky for both the sellers and the buyers and should be evaluated carefully. More... |
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| Medicare Basics |
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| The Health Care Financing Administration (HCFA) administers Medicare, the federal government's health care insurance program for the disabled and the elderly. The HCFA contracts with private insurance companies to review and process the claims.
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