Long Term-Care; 70 Million Americans Will Be Over 65 by 2003

We will all grow old; this is a given. We will all have health issues as we grow older, this also is a given. Many people work their whole lives and if they are smart end up with a paid for house and a little nest egg for retirement. This is a good 15% of the population. Good for us as we have a strong middle-class. But whether you are rich or poor there will come a time when you need long-term care. As a matter of fact statistics show tat 10% of use will need long-term care for 3-5 years.

The problem is that such care costs a good $135.00 per day now, not including any future inflation. So something you should be thinking about is; do you have adequate coverage to protect you life's earnings, home and nest egg in the case you are somewhat incapacitated and need home long-term care? Many financial planners are recommending insurance for this; as a matter of fact currently it is all the rage.

When shopping for such long-term care insurance there are things you need to look for besides your basic costs of premiums and general services. Things such as an inflation rider to protect you; also a non-forfeiture rider should be in the policy. The non-forfeiture rider prevents the insurance company from completely canceling your policy if you miss premiums; instead you will get less services or care, but not loss of all benefits. There are also in some policies provisions for limiting premium increases. Insurers cannot raise an individual's premiums but they are allowed to raise premiums for an entire class or category of folks. You need to make sure this will not happen and look for this in your policy.

Guaranteed Renewability is another provision you need to have; meaning they cannot cancel or refuse to renew your policy as you reach and older age of higher risk.

There are over 100 companies, which offer these types of insurance policies but only about 15 or so are any good. Other companies like some abuses in the Insurance Annuity Business may simply collect lots of premiums and then go out of business in the future, leaving you high and dry after taking your premiums. Please be careful and think about this.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

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Google News Updated : Wed, 09 Jul 2008 07:08:13 GMT Afghan Bombing Sends Stark Message to India: With Power Comes Risks - New York Times Afghan Bombing Sends Stark Message to India: With Power Comes Risks New York Times - 3 hours ago By SOMINI SENGUPTA NEW DELHI - The suicide bombing on Monday outside the Indian Embassy in Kabul was the latest and most audacious attack in recent months on Indian interests in Afghanistan, where New Delhi, since helping to topple the Taliban in 2001, ... Video: Mourning for Kabul blast victims - 08 Jul 08 AlJazeeraEnglish Pakistani PM calls for joint efforts to fight terrorism Reuters India BBC News - Bloomberg - The Associated Press - CNN all 3,127 news articles Publ.Date : Wed, 09 Jul 2008 03:32:49 GMT Ex-Secretaries Suggest New War Powers Policy - Washington Post Aljazeera.net Ex-Secretaries Suggest New War Powers Policy Washington Post - 3 hours ago The next time the president goes to war, Congress should be consulted and vote on whether it agrees, according to a bipartisan US study group chaired by former secretaries of state James Baker III and Warren Christopher. Video: Panel Calls for New War Powers Legislation AssociatedPress War Powers Act needs fixing, bipartisan panel says CNN Reuters - Seattle Post Intelligencer - AOL News Newsbloggers all 639 news articles Publ.Date : Wed, 09 Jul 2008 03:48:10 GMT Google Introduces a Cartoonlike Method for Talking in Chat Rooms - New York Times Los Angeles Times Google Introduces a Cartoonlike Method for Talking in Chat Rooms New York Times - 4 hours ago By BRAD STONE Google, known for its plain-Jane approach to Web design, has come up with something much wackier. On Tuesday the company introduced Lively, an online tool that allows people to embody a cartoonish online avatar and have text-based ... How Lively? Google’s Me-Too Virtual World GigaOm Virtual Worlds Are So Hot Right Now: $345 Million Invested So Far ... TechCrunch Wall Street Journal - CNET News - Los Angeles Times - PC Magazine all 166 news articles Publ.Date : Wed, 09 Jul 2008 02:21:46 GMT Bush Won't Back Setting Timeline for Troops in Iraq, Aide Says - Bloomberg Times Online Bush Won't Back Setting Timeline for Troops in Iraq, Aide Says Bloomberg - 44 minutes ago By Catherine Dodge and Roger Runningen July 9 (Bloomberg) -- The Bush administration rejects setting any ``arbitrary'' deadline to withdraw forces from Iraq, the president's spokeswoman said after an Iraqi official said his government wants a timeline ... Video: Iraqi PM Calls for Withdrawal Date AssociatedPress Maliki's Withdrawal Card Wall Street Journal New York Times - Reuters UK - AFP - ABC Online all 1,754 news articles Publ.Date : Wed, 09 Jul 2008 06:24:10 GMT Coalition launches push for health care reform - Milwaukee Journal Sentinel Tampa Tribune Coalition launches push for health care reform Milwaukee Journal Sentinel - 2 hours ago By GUY BOULTON An array of unions and liberal activist groups in Wisconsin have joined a national coalition that plans to spend $40 million to push for health care reform, particularly universal coverage, in the coming election. Coalition to lobby for US health-care reform Reuters $40 Mill Health Care Reform Campaign Launches ABC News Washington Post - Workday Minnesota - Kansas City Star - Bizjournals.com all 266 news articles Publ.Date : Wed, 09 Jul 2008 04:17:57 GMT Study Finds Flawed Practices at Ratings Firms - New York Times ABC News Study Finds Flawed Practices at Ratings Firms New York Times - 4 hours ago By MICHAEL M. GRYNBAUM The analyst at the credit ratings agency was blunt: “Let’s hope we are all wealthy and retired by the time this house of cards falters. SEC criticizes credit-rating firms Los Angeles Times SEC finds conflicts at rating agencies Financial Times CFO.com Magazine - Reuters - Bloomberg - Wall Street Journal all 301 news articles Publ.Date : Wed, 09 Jul 2008 02:20:01 GMT Alumina Shares Gain as Profit at Partner Alcoa Tops Estimates - Bloomberg Reuters Alumina Shares Gain as Profit at Partner Alcoa Tops Estimates Bloomberg - 3 hours ago By Rebecca Keenan July 9 (Bloomberg) -- Alumina Ltd., owner of 40 percent of the world's biggest producer of the material used to make aluminum, rose the most in more than five months in Sydney trading after partner Alcoa Inc. reported profit that ... Alcoa Profit Tops Estimates After Price Rise New York Times Alcoa beats the Street CNNMoney.com The Associated Press - Reuters - BloggingStocks - Nightly Business Report all 284 news articles Publ.Date : Wed, 09 Jul 2008 03:09:46 GMT RSS to HTML Increased Web Site Traffic

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