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Betrayed by a pos owner, she’s been through hell and back and is still extremely sweet

Oftentimes, people find themselves facing multiple financial issues that need to be solved with limited money resources. You may ask: How can I save for retirement and still be able to protect my family with life insurance and myself for long-term care needs? Perhaps, we should take a look at an alternative solution.

Consider utilizing a product that would offer the following:

Accumulating cash reserves similar to a Roth IRA; the contribution is not tax-deductible, but grows tax deferred and returned, if designed effectively, as tax-free income.
Offering the availability to access cash for long-term care needs with a similar definition to traditional LTC insurance.
Providing a supplemental income for some period of years or life at retirement.
And, oh by the way, offering a sizeable tax-free benefit to your family along the way... just in case you don't make it.
Can this really be arranged? Yes, it can, but most folks would sneer at me and say that the product is non-competitive in the financial market place. I beg to differ with that assessment. Not only is it competitive, but it is a safe money product. Let me illustrate just briefly.
A male age 40, in good health, could stash an IRA level premium ($5,000 per year) between now and retirement at age 67, and he may give himself a tax-free supplemental retirement income of over $20,000 per year for 20 years; have access to cash for long-term care dollars; and, give his family a sizeable benefit should he die along the way to retirement.

Key issues in any financial planning are flexibility and solving multiple problem areas efficiently. These attributes are fundamental elements of this planning tool.

Are you able to offer a single alternative that will do all of these things? Would you be surprised if I told you this solution is made possible with a plan of permanent life insurance? OK, are you ready to sneer at me and tell me about the non-competitiveness of life insurance?

Unfortunately, permanent life insurance is often overlooked as a part of the solution for a financial plan including retirement. What I often hear is that "I will buy term insurance and invest the difference". Could be a solid idea, but two things get in the way. Term insurance has an ever-increasing cost; annual premiums that will escalate beyond what may be tenable and an overall cost that will eventually eclipse the benefit. And, the "invest the rest" often never happens or may not reach the desired accumulation goals. What one ends up with is a thank you from the insurance company for all those premiums paid and a small to non-existent nest egg. Maybe it is time to give stodgy old permanent life insurance another look. It may be a very welcome addition to your overall retirement plan!

The majority of senior residents of North America are not able to afford long-term care due to the high cost. Only a few seniors use their insurance to cover the expenses for long-term care. This is a serious issue; too many seniors are unprepared for these costs, leaving them and their families at financial risk. There is a solution: purchasing life protection can help cover all possible expenses for long-term care. There are also several other advantages of purchasing life insurance for seniors; find out about these below.

Provide Financial Support for Your Spouse

Married elderly couples are often anxious about leaving their better halves with debt after passing away, and for good reason. Funerals in countries of North America are quite expensive - they can cost as much as $5,000 or more. Not every family can afford these costs, and that is why life coverage comes as a practical solution.

Life protection policies can fully cover the expenses of the funeral and burial of one spouse, and that coverage can bring some peace of mind to the insured person. Covered by a life protection policy, the individual can be sure that his or her significant other will receive the necessary support to deal with the financial side of a funeral.

In addition, a surviving spouse can use the funds from the coverage to increase the benefits from their pension plan.

Life insurance for seniors makes it simpler to deal with the expenses of a funeral, and that means the financial pressure does not add to the already-stressful situation.

You Can Still Get Life Insurance If You Are Sick

A lot of the insurance companies that provide traditional life protection policies often refuse to provide life protection for seniors who have pre-conditions. A serious illness poses a high risk to your life, not to mention the fact that advanced age also contributes to that increased risk. These are the main reasons an insurance company will decline your life insurance application.

Having a pre-condition does not mean you are left without life coverage at all, though. There are many insurance companies that do provide insurance for people who cannot or do not want to undergo a health exam. This type of insurance, often called no medical life insurance, does not require a medical examination for qualification; however, this feature also makes the price of this type of insurance higher, compared to a traditional life protection policy.

There are two types of life insurance policies that do not require a health exam: guaranteed issue and simplified issue. Guaranteed issue insurance plan requires no medical tests and no medical questions; that means that you are approved for this insurance automatically, but you will have to wait two years before the policy starts to work. Simplified issue insurance requires you to answer a series of questions, but there is no medical examination, and the policy provides coverage from day one.

The Bottom Line: Life Insurance Is a Reasonable Choice for Seniors

Progress in technology and healthcare are making it possible for people all over the world to live longer lives. That is why the senior population is outnumbering the population of younger people, and it is also why more life coverage alternatives have to come into play. Before these changes, one could not afford life insurance if they were older than 60 or 70 years of age. Now, it is no longer an issue - older people no longer have to worry about leaving their families with nothing but emotional and financial distress when they are gone. Life insurance is a helpful hand thanks to which you can be sure your family, children, and spouse are financially secure.

One more time humans get a grip on yourself***this once, what could maybe be a senior and who was once beautiful has been betrayed by a pos***spray painted**neglected mooney, with her ribs and tail bone protruding***still gives warm kisses and takes her treats gently.

Let us be her human hero's, texas foster please step up, pledge and share for rescue lets give her, her life back and not killed and put in a black garbage bag at harris county shelter. its up to us

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Harris County Animal Shelter at +1 281-999-3191
612 Canino Rd, Houston, TX 77076
Ask for information about animal ID #A527625

STATUS : - read comment for update from crossposter
There are many financial investment plans out there but, life insurance can be seen as one of the most important plans. There is a myth among people that when they get older only then they need to obtain one, but, this is all so wrong. Bank deposits and other saving plans are some other investment options but insurance tops all of that. Apart from being a means to give funding for financial goals of the future, it also provides security to your loved ones in time of need. There are many valuable reasons why you must get a policy right now.

• Security- The first and the most important thing it can provide is financial security to your family after your death. None of us can see the future and there have been many cases of premature death every year. It is your responsibility and duty to make sure that your loved ones stay completely secured even in your absence. Insurance plans can give this security in various areas such as expenses for your children, as a substitution for the income which is lost with your absence.

• Help in accomplishing future goals- When you plan or decide on a goal you have to calculate how much money may be needed to fulfill that goal. An insurance policy can give the assurance in matters of funding even in the most unfortunate situations.

• Retirement Goals- Life Insurance can make sure that in every month a regular flow of income remains. When you invest in a plan regularly, a fixed income even after retirement is assured. Nobody can guarantee that one will have a longer working life surely as there are many threats and issues such as, illness and company's burn-out rate which can happen to anyone. A person's retirement period can possibly become as long as that person's working period and so it is very important to compile a bulk in the working period so that the retirement period can be enjoyed in the right way. Spending on an annuity can help to achieve this.

• Tax Benefit- You get a number of tax benefits by purchasing an insurance policy such as the maturity benefits are free from tax under the Section 10(10D), and also the paid premium can be deducted while calculating your tax under the 1961 Income Tax Act.

Thus, you can see that there are so many benefits of buying a life insurance policy in giving security and also for investing and saving purposes. So, it might be a good option to think about getting one at an early age.

You need life Insurance before it needs to be used, meaning before it needs to be used on your behalf. If you are the prime source of your family's income you should be insured. If your spouse works they also need life insurance. Are you a partner in a business? Each partner needs to be insured to cover any loss in the untimely event that they have departed their earthly presence. How much insurance do you need? Ideally one needs an amount equal to current debt, monthly expenses times 24, the financial needs of children (under the age of 18 or 26 if in school) through secondary education and your spouse for a duration of their expected lifetime in the event they will not be able to work. The former is an ideal target goal. Every family situation is unique. If the spouse also works the computation and needs change. When the family dynamics change new needs arise while others may be no longer necessary to cover. More than a few policies today can be converted into an income generation vehicle later in life. That income later in your life vehicle proves to be a valuable asset.

Listening to people as they explain how they and their families were catapulted into poverty after the tragic loss of a loved one made me realize that too many people are not protected. Many people do not have enough coverage. Those that have company provided or subsidized insurance lose that insurance when they leave that organization. Some lose employer life insurance as the result of a merger or buy-out of a company. Some lose employer life insurance when they retire.

If employees had invested in life insurance individually, the policy is active as long as the premiums are paid. Buying life insurance when you are young is the best premium you can get. Some life policies accumulate cash value. Some life policies allow you to borrow loans from the cash value. Some allow for inclusions or "Riders" that include double indemnity, long-term care and home health care additions. Some policies easily convert into income generating vehicles to supplement your retirement income. In some cases it may be the only income.

Selling AH&D (Accident, Health and Disability) added to auto loans in the 1970's, 1980's and 1990's helped more than a few families make ends meet. It was so rewarding to be thanked for making sure they were covered. To those that benefited from the additional coverage, it was in place when they really needed it.

Today there are plans that can be tailored to the needs of most individuals and families. There are many plans that fit even the tightest budget. The average funeral cost is between $8,000.00 and $12,000.00. Cremation is also costly. The average Cremation with a memorial service is $3,250.00 and higher. The average Direct Cremation is $500.00 to $2,000.00. The funeral costs are in addition to any medical costs associated with a sudden death. Many times the cost to replace the financial contribution or the reliance of a lost one has a value most do not equate in their calculations. A stay-at-home spouse has a monetary value. A relative that is a care taker has a monetary value. If and when the loss of that spouse or caretaker happens the cost to replace their monetary value can be quite steep. The cost to replace their companionship is priceless. The legal system can take years if a settlement is even a possibility. Add children and elderly relatives to the equation and the financial cost needed increases substantially.

A family really cannot do without life insurance. Being young really is the best time to buy life insurance. The younger you are the less you will pay. Locking in a premium at a young age is a smart choice.