Not Enough Insurance? You Could Face Financial Meltdown

January 10th, 2012

Last week, Investopedia ran a story on the five easiest ways to suffer financial ruin. So, what tops the list? You guessed it: Lack of insurance.

The piece, titled “5 Simple Ways You Can Ruin Your Financial Life,” focuses specifically on homeowners who neglect to purchase flood insurance:

“Every year there are reports of significant catastrophic flooding in some part of the United States, and every year that means some homeowners are facing an economic wipeout. Standard homeowners insurance excludes flood damage, and many homeowners neglect to buy a flood policy.”

What the article doesn’t have space to mention, however, is that lack of health insurance is one of the biggest financial scourges facing Americans today.

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Tags: Financial, Financial Meltdown

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Beating financial confusion

December 3rd, 2010

Older Britons find financial products such as annuities and insurance confusing, according to new research from the charity Age UK. Its figures show that 61% over the age of 55 find it hard to work out what products will suit them best.

And only around one in three of the people in this age group feel confident that the financial decisions they have made have been the best for their needs.

What’s more, just over a third of over-55s claim they never know who to ask for guidance on financial products.

However, if you are concerned about your lack of understanding of products aimed at this age group, the good news is that moneysupermarket.com is here to help.

Pensions

An annuity guarantees to pay an income for life – the amount you receive will depend on the value of your pension pot and your age – but once it’s bought you don’t have to worry about running out of money, even if you live longer than the average life expectancy.

Most people buy their annuity from their pension provider – but you don’t have to.

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Tags: Financial, Financial Confusion

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L T C Cash: New Long Term Care Insurance To Cover Your Financial Needs

August 24th, 2010

Finally, there is one plan to ease your financial burden if you would ever find yourself in need of long term care. LTC Cash (100% cash policies for long term care insurance) can bridge the gap between disability benefits and your monthly expenses during a debilitating, long-term illness. Disability plans only pay about 60% of your income before taxation. For example, if you earn a $40,000 annual income you would only receive about $1,400 each month. At this rate, you would need to figure out how you would pay your other monthly expenses such as your mortgage, your children’s education, as well as your daily living expenses. LTC Cash is your best option to cover all of your expenses.

LTC Cash offers countless benefits. L

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Tags: Care Insurance, Financial, Term Care, Term Care Insurance

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