Online Term Insurance Plan

– Guaranteed Over 50 life insurance plan, for which you do not need the medical exam and it starts from as little as £8 per month.

– Sun Life Simple Choice Funerals plan is designed for those who want to take care of their own funeral arrangements. With this plan, when your loved ones find themselves in the most testing times they can count on the payment of the benefits of this plan. Monthly premiums for this Sun Life Insurance products will never go up, so you do not have to worry about future premium rises.

This is a guaranteed acceptance plan, that requires no medical exam, and Sun Life insurance offers this product to anybody who is aged between 50 and 80.

– 50 Plus Protector term insurance quote plan. Customer pays an monthly premium that increases annually, but the assured lump sum increases as well. In order to be entitled to Sun Life cover, customer is obliged to contribute a monthly premium every month up to the age of 90 and premiums range from as low as £8 to £70 per month, depending on personal situation.

– AXA Sun Life Easy Cover is standard life cover product, which favorably compares to other insurance providers. EasyCover life insurance belongs to the fixed term life cover range of products that is designed to pay out fixed sum if something unfortunate happens to the customer during the life of cover. Term life quotes start from as low as £8 per month and you can be insured for up to £150,000.

– Bonus Cash Builder Plan is long term savings plan with which AXA Sun Life invests your premiums into With Profits Fund, which is created to provide a long term growth.

If you want to arrange for online term life quote for life insurance there is a large number of sites on the Internet offering comparison tables, with various features and details for all the products. When you are assessing insurance life quote, your main consideration should not be how cheap term life insurance is but as well the reputation of the company and how long it had been in the business. You should as well check the Internet and see weather there were any complaints by the customers who had been denied the payment of the promised lump sum.

Most people start thinking about the possibility of needing nursing care asf they hit middle age. Many have family or family who needed home health care, assisted living, or a nursing home. At this time, people learn about the high cost of long term care, and they wonder how it gets paid for.

Consider this. Full time nursing homes can cost $50,000 a year or more. Home health care may not be that much less, depending upon the amount of services needed. Assisted living facilities cost less, but may still be a lot more than it costs to live on your own. And the government estimates that 40% of people who turn 65 will need some sort of nursing care during retirement years.

How does this get paid for? Medicare, the federal health insurance for seniors and disabled people, only pays for short term care. Medicaid does pay for nursing homes, and in fact pays for half of all of thee costs in the US. But in order to qualify for Medicaid, a person has to deplete most of their assets.

So some people purchase a long term care insurance (LTCi) policy because they want to protect their savings in case they need to go to a nursing home. There are also alternative ways to plan for this which other choose. And many people have not done any planning at all.

Disadvantages of Long Term Care Insurance

Who do some people choose LTCi alternatives? Why do many people do nothing? Look at some things that they may consider.

Insurance exists to manage risks. When you purchase an auto insurance policy, you hope you will not have to use it. With most LTC policies, it is the same. You could pay premiums for years, never need it, and get nothing out of your policy except the security of knowing you have it. Some LTC policies may have a return of premium feature but it is not common.

LTCi policies are complicated, and there are many different types. Some are more useful and flexible than others. So some types of coverage may not help you for the particular situation you are in. For instance, you may have purchased a policy that only covers a nursing home. But an illness may only require adult day care or home health care. Again, some policies will cover different types of care so you, or your family, can make a choice when the time comes.

Premiums are lower for younger and healthier people, but can go up over time. If you cannot afford to pay premiums when you get older, it will not do you any good if you have to discontinue coverage. You have to make sure that you can afford the policy.

Advantages of Long Term Care Insurance

Of course, a lot of people do think LTCi is a great choice to make sure they have protected their assets.. And some features may even help them before they ever need to use it.

Some policies are tax deductible. Tax qualified plans can be deducted when you file taxes now. This makes the real cost of premiums lower than the price a company charges.

Assets are protected. If you want to preserve a lifetime of savings for yourself, your spouse, or your heirs, long term care is one obvious way to do this. With the right policy, you will not be forced to spend down your entire estate before you qualify for Medicaid.

You will have choices. Not every nursing facility or provider accepts Medicaid. You will be able to choose your private nursing home, assisted living facility, or home health care provider without worrying if they accept Medicaid payments. Some policies even offset the cost of care that is provided by family members.

How to Shop For Long Term Care Policies

It is important to understand how various policies work, how much they will cost, and which one will be the best plan for you. An experienced insurance agent can help you. You can also start looking by using a convenient online long term care insurance quote form. This will allow you to see competitive policies that are sold in your own local area.