How to Compare Permanent Life Insurance Policies

Buying permanent life insurance can be confusing. The illustrations are difficult to decipher and each company’s products have different rates, making it difficult to directly compare policies. Here is a guide to comparing life insurance policies. Internal rate of return When permanent life insurance is purchased primarily for...
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Understanding Life Insurance Premiums

Once you have made the decision to purchase permanent insurance, you must determine the type of policy to purchase and the amount of premiums to be paid. Unlike term life insurance, which has a fixed premium based on the amount and duration of coverage, the premium of a...
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How to Get Rid of Private Mortgage Insurance

PMI benefits the lender (the only beneficiary of PMI), but can add a considerable portion to your monthly payment: it usually costs between 0.5 and 1% of the loan amount each year. For example, the PMI of a $ 200,000 loan could cost up to $ 2,000 a...
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How to Outsmart Private Mortgage Insurance

No one wants to pay for private mortgage insurance (PMI). It is not cheap and increases the monthly cost of the loan. To determine if you can avoid the PMI, you must first understand why you may get stuck with this product. One of the risk measures that...
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Medicaid vs. Long-Term Care Insurance What to Know

The most commonly used and misunderstood aspects of the Medicaid program in the United States are its long-term care benefits. Medicaid is not synonymous with long-term care insurance, but many who consider trusting it do not know it. As a result, they end up without the care they...
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Is Loan Protection Insurance Right For You?

Loan protection insurance is designed to help policyholders by providing financial support when necessary. Whether the need is due to disability or unemployment, this insurance can help cover loan payments and protect policyholders against default. The loan protection policy has different terms depending on where it is offered....
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The Best Time to Get Long-Term Care Insurance

Too often, those seeking long-term care think about the cost of such services only when they need them. This usually results in a serious blow. According to Genworth Financial, Inc. (GNW), which sells long-term care insurance, the average cost of a semi-private room in a nursing home in...
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Group Health Insurance Plan

What is a group insurance plan? A group health insurance plan is a health insurance plan that covers members of a group that tends to be employees of a company or members of an organization. Group members generally benefit from insurance at a reduced cost because the insurer’s...
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