Today I’m going to tell you about the embarrassing and terrifying tale of my very first life policy. I made a major rookie mistake back then; if anything had happened to me, I would have left my daughter a real can of worms.
In recent years, horror stories about “toxic mold” growth in homes, businesses and schools have become a common theme in the news. These headlines have all got us wondering: just how afraid of mold, fungi and bacteria should we actually be?
Long-term care insurance (LTCI) is designed to help people who can no longer care for themselves afford long-term care. LTCI can be expensive, but it’s a lot cheaper than long term care itself. For many families now facing down the high costs of a loved one’s long term care facility, LTCI remains the best funding strategy available.
A life settlement consists of the cash sale of an individual’s life policy to a third party. This is similar to the 1980s stop gap known as a viatical settlement. This transaction developed during the AIDs epidemic. At that time many policy holders chose to sell policies when they learned they would not live as long as they expected when they initially bought a policy.