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Should you buy a ‘combined’ insurance policy?

As technology changes, we are always looking for the latest and best upgrades so we are on the cutting edge.  Just like the technology sector,  the world of insurance policy design and implementation is constantly changing.  One of the most recent designs to hit the market is buying something called a combined insurance policy.    This kind of insurance policy is typically a cash value type life insurance policy combined with a long-term care rider.    Is this a good idea to combine both into one policy, or should you be looking at two separate policies to cover these risk management needs within your financial plan? Families have always bought life insurance (term or permanent insurance) over the years to cover for the short and long term needs in the event of a premature death of one of the partners our spouses in a family unit.  The amount of insurance a family needs has been long debated, but it’s best to use ...

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Long Term Care Insurance . . How Does It Work?

Understanding Long-Term Care Insurance- It's a fact: People today are living longer. Although that's good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living escalate, you probably wonder how you're ever going to be able to afford long-term care. One solution that is gaining in popularity is long-term care insurance (LTCI). ...

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