Living Benefit Life Insurance

06/03/2024

Joe Biden's disastrous Inflation Reduction Act hasn’t just sabotaged Americans’ wallets, it’s sabotaged their health as well.

11/06/2022

Cumulative effect seen with 2 or more years of moderate-to-heavy drinking

07/22/2022

15%

ACA premium rates may increase significantly in 2023 as health plans adjust to the new realities of the pandemic, changes to federal policies, and inflation.

06/22/2022

many new life insurance policies can help to prevent this financial disaster by allowing you to access your death benefit before you die.

The average age of a serious illness in the US is 40 years old. The average age of bankruptcy is 42. Why? Well, put another way, the number 1 reason for mortgage defaults is health and the cost of medical care.

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CBS Evening News spotlights Jim and Cindy Powers, who faced crippling medical debt.

06/20/2022

This means much higher life insurance premiums are in the future.
It's a good time to take action and lock in lower rates.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

05/19/2022

A new RAND study found that in 2020, employers and private health insurance plans paid hospitals 224% more than Medicare for inpatient and outpatient services, with wide variation in prices among states. According to the report, hospital services accounted for 37% of total health spending for the pr...

04/12/2022

"But more than 11 million Americans are estimated to have medical debts above $2000. The Consumer Financial Protection Bureau said in a March 1 report that around $88 billion in uncollected medical debt was reported to credit bureaus, making up some 58% of all uncollected debt on U.S. consumers’ credit reports.

The CFPB is expected to release a report on consumer complaints related to medical billing later this month, and announced Monday that it is making preventing unlawful medical debt collection a new enforcement initiative. The agency has previously said it is reviewing whether medical debt should be removed from consumer credit reports altogether."

The plan includes a push within the federal government to stop considering medical debt when determining eligibility for loans.

04/11/2022

https://www.forbes.com/advisor/life-insurance/long-term-care-hybrid/

"Although about half of adults turning 65 today will develop a disability that is serious enough to require assistance with daily activities of living, only 11% have long-term care insurance coverage that will help pay for the cost of care, according to the Urban Institute. Often, people don’t recognize the need for this sort of coverage because they underestimate the cost of care. And they mistakenly assume that Medicare and health insurance will cover long-term care.

Plus, the cost of long-term care insurance can be a deterrent to getting coverage. “Traditional plans have a bad rap because there have been so many hikes in premiums,” says Matthew Sweeney, life and long-term care specialist with Coverage Inc. in Virginia. “When people hear ‘long-term care insurance,’ they say, ‘I’m not interested.’”"

There’s a good chance you’ll need long-term care as you age. But if you’re like many Americans, you likely don’t have a plan to pay for this sort of care. Although about half of adults turning 65 today will develop a disability that is serious enough to require assistance with daily activiti...

02/27/2022

Recent legislation would require drug companies to pay rebates to the federal government when annual increases in prescription drug prices for Medicare and private insurance exceed the rate of infl…

02/03/2022

Sen. | Sen. Elizabeth Warren, D-Massachusetts, demanded CMMI pull the controversial Direct Contracting Model over concerns it would turn Medicare over to "corporate profiteers."

01/18/2022

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero