Today on the Ilyce Glink show, Ilyce discussed her trip last week to Washington, DC for the National Association of Real EstateReal Estate is land and anything permanently attached to it, such as buildings and improvements. Editors (NAREE) meeting. We had a number of questions about long-term care insuranceLong-Term Care Insurance is insurance that covers the cost of long-term care in a nursing home, other custodial care settings, or at home.. Long-term care insurance is expensive, but it can be a lot more affordable if you buy it in your early 50s or 60s rather than waiting until you’re in your 70s or 80s, when it can be unaffordable.
If you’re thinking about buying life insurance, there are several policies to consider including a universal life insuranceUniversal Life Insurance is a flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases), vary the amount or timing of premium payments, and choose the investment vehicle for his or her premiums. Premiums (less expense charges and commissions) are credited to a policy account from which mortality charges are deducted and to which interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually for the use of the funds. is credited at a rate that may change from time to time. policy or cash value policyA Cash Value Policy is a category of life insurance including whole life, universal life and variable universal life that combines the death benefit with a savings component. The insurance policy is broken down into two parts: the mortality charge (the part that pays for the death benefit) and a reserveThe Reserve is the amount of money set aside by a condo, co-op, or homeowners' association for future capital improvements. (the savings component that earns interest). As you get older, the cost of the death benefit rises. In addition to interest, the reserve might receive an annual dividend, depending on how many policies have been paid out and how well the insurer has invested the premiums it has received. and term life insurance. With a universal life insurance policy, you pay over time and part of the premium goes into a savings plan with little value unless you stick with it for the long run. With term life insurance, you pay a smaller yearly premium for a certain length of time. Because term life insurance costs less, it offers more of an opportunity to save on your own.
I had a conversation with Helen on the show about whether she should keep her $50,000 whole life policy, for which she pays $335 per year.
One of the…
Today on the Ilyce Glink Show, Ilyce talked about the First American TitleTitle refers to the ownershipOwnership is the absolute right to use, enjoy, and dispose of property. You own it! of a particular piece of property. InsuranceTitle Insurance is insurance that protects the lenderA Lender is a person, company, corporation, or entity that lends money for the purchase of real estate. and the property owner against losses arising from undisclosed defects or problems with the title to property. settlement, as well as other places to go to look for long-term care insuranceLong-Term Care Insurance is insurance that covers the cost of long-term care in a nursing home, other custodial care settings, or at home.. She also took several callsCalls occur when a company orders preferred stock or bond holders to turn in their stock or bonds for money. about taxes, inheritances, student loans and refinancing property. Gary wanted to know what to do now that his employer is switching to a $1 for $1 match in his 401(k). All this and more on this week’s Ilyce Glink Show.
On this Sunday after Thanksgiving, Ilyce talked about CyberMonday (the day that everyone supposedly goes back to the office to begin shopping online in earnest for Christmas) and how some bloggers suggest that this is a made-up shopping day. Ilyce also took questions about whole life insurance, inheritance taxes, and whether EE bonds that a caller’s daughter inherited could be used tax-free to pay for school. All this and more on this week’s Ilyce Glink Show.
As if it weren’t enough to save every spare cent for retirement costs, you may have to start saving for retirement health care too.
More and more emp…
When you own a home with a partner who has children from another relationship you may be wondering how to protect your assets. While it’s good to buy a home as joint tenants with rights of survivorship, a will can ensure that your property inheritance desires are met. Estate planning, including a will, can protect other assets as well.
I’m often asked how to figure out whether to go with one insurance company or another. I give the standard answer:
* Check them out at Moody’s (www.m…
On this week’s show, Ilyce continued the discussion about President Bush’s new health care plan. She also talked about her January Blues party, how it’s possible to give great parties for less — if you’re willing to be a little bit creative. Several callers had comments on the health care story, and others asked for information on long-term care insuranceLong-Term Care Insurance is insurance that covers the cost of long-term care in a nursing home, other custodial care settings, or at home., particularly in the wake of the Governor’s information mailing that recently went out.
On this show this week, I had a couple of callers who wanted to know about insurance as they age. I recommended long-term care insuranceLong-Term Care Insurance is insurance that covers the cost of long-term care in a nursing home, other custodial care settings, or at home. as a good use…