How to Understand Health Standards for Long Term Care Insurance Enrollment
Copyright (c) 2006 Clay Cotton
Long term care insurance conforms to the basic insurance mechanism, in that the individual risk of future peril is shared by a pool of people who currently are free from that peril.
The insurance pool is represented by the insurance company which sets eligibility standards for enrollment to ensure a hazard-free pool, so that actuaries can calculate reasonable, standardized premiums for pool members who meet the eligibility requirements and enroll in the risk pool. In this way, members transfer their individual risk of peril to the pool.
The pool shares the risk for all members and covers those whom actually experience the future peril.
If you are thinking about applying for a long term care insurance policy, please be aware that certain pre-existing health conditions can make it impossible for some folks to enroll due to health reasons. If you have any health issues, this article can help you better understand long term care insurance health requirements.
Do not apply for long term care insurance if you CURRENTLY:
* Use a multi-pronged cane, crutches, oxygen, walker or wheelchair
* Require assistance with bathing, dressing, feeding, toileting, urinary or bowel continence, or transferring between bed or chair
* Use/need home health care, adult day care, assisted living or nursing home care
* Require assistance with grocery shopping, use of transportation, use of telephone or banking
( NOTE: These pre-existing health problems may make you uninsurable for buying a new long term care insurance policy. However, all the above health conditions WILL be covered if they occur AFTER you you have purchased your long term care insurance policy.
)
In addition, do not apply for long term care insurance if you CURRENTLY have:
* AIDs or HIV infection
* Alzheimer's
* Amyotrophic Lateral Sclerosis (ALS)
* Cystic Fibrosis
* Dementia
* Hemophilia (other than Von Willebrand disease)
* Hepatitis C, Non-A, Non-B, or Autoimmune (Active)
* Kidney Failure
* Liver Cirrhosis
* Memory Loss
* Multiple Sclerosis
* Muscular Dystrophy
* Paralysis
* Parkinson's Disease
* Post-Polio Syndrome
* Schizophrenia
* Sickle Cell Anemia
* Systemic Lupus Erythematosus
Every long term care insurance company has their own health underwriting standards. Each company's health underwriting standards may vary by state, according to each state's laws.
Note: As you increase in age, so does your risk for health issues. Therefore, most long term care insurance companies will require medical records for people over 45, medical records and phone interview for people 50 and over, and medical records plus a face-to-face health interview for people over 70.
Be aware: If you think you can slip your health issues past long term care insurance underwriters, then think again. First, lying on your application is fraud. Second, it is the underwriter's job to be very thorough when looking through your medical records and assessing risk.
Be honest with yourself and with the long term care insurance company you choose.
The upshot of all this is that folks must protect themselves while they are still in good health.
If you fall within acceptable guidelines, then "congratulations", as you can protect your assets and your family's lifestyle stability now, then cross your fingers and hope that you are not one of the nearly 45% of us who will need care at some point in our lives.
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The one thing you Can't Do
When it relates to success there are a TON of sayings, philosophies, strategies, ideas, and or concepts...I will never claim I have the definitive one, ever, but this one is near the top.
I guarantee you this one concept, if applied, will change your life.
This applies to all areas of your life, and I think balance is massively important.
The people who seek great wealth tend to have a poor quality of life, but the people who seek quality of life are the wealthiest people I know.
It's unfortunate, and I have been there, how we can get preoccupied with one area of life and all the other areas suffer.
So keep this in mind as you apply this concept.
I think all of us who are into personal development know of this idea that; your mind only dreams the things that you can achieve, and once you believe your dream all kinds of events will come together to make it happen for you.
There is a theory that what you want moves...
The one thing you Can't Do
Life insurance > The one thing you Can't Do
OnlineBenefits to Acquire Captiva Systems, Inc.
OnlineBenefits to Acquire Captiva Systems, Inc.Deal adds agency management systems to broker product lineUniondale, NY (May 18, 2004) ? OnlineBenefits, Inc., provider of Internet-based HR solutions, announced that it has signed a Letter of Intent to acquire Captiva Systems, a producer of agency management software for group insurance brokers. The deal brings Captiva Systems' software products into OnlineBenefits' suite of solutions targeted at the nation's extensive network of health and welfare insurance brokers. Captiva's flagship product, CommissionsDue, tracks insurance commissions and has been adopted by over 1,000 brokers. AgencyWare is a comprehensive client management system designed specifically for the needs of benefit brokers. It is currently being beta tested with several brokers and will be released this summer.OnlineBenefits will integrate AgencyWare with its existing successful Advisor Tools and Client Community products.
The resulting application will be a centralized...
OnlineBenefits to Acquire Captiva Systems, Inc.
Life insurance > OnlineBenefits to Acquire Captiva Systems, Inc.
How to Understand Health Standards for Long Term Care Insurance Enrollment
Copyright (c) 2006 Clay Cotton
Long term care insurance conforms to the basic insurance mechanism, in that the individual risk of future peril is shared by a pool of people who currently are free from that peril.
The insurance pool is represented by the insurance company which sets eligibility standards for enrollment to ensure a hazard-free pool, so that actuaries can calculate reasonable, standardized premiums for pool members who meet the eligibility requirements and enroll in the risk pool. In this way, members transfer their individual risk of peril to the pool.
The pool shares the risk for all members and covers those whom actually experience the future peril.
If you are thinking about applying for a long term care insurance policy, please be aware that certain pre-existing health conditions can make it impossible for some folks to enroll due to health reasons. If you have any health issues, this article can help you better understand...
Life insurance > How to Understand Health Standards for Long Term Care Insurance Enrollment
Home insurance for a lifetime's investment.
For the majority of people interested in personal finance - and those who claim not to be - the biggest investment they will ever make is in their home. It's one of the most talked about investments there is, and yet many don't look at it that way: homebuying in the UK has often been considered separate from 'normal' investment.
It is most likely that this feeling persists because we can so tangibly see what the investment is worth - your mortgage is, quite literally, all around you from the second you walk in the door of your first home. What you see is what you get and the rewards are great - past inflations in value for the UK housing market have hit the headlines so often it seems that the market will never slow down.
And then it did. A Nationwide survey released recently reported that UK house prices "cooled sharply" in April this year, with a slender increase of just 0.1%. This is down from 1.1% in March and shows that fears of a general slowdown are...
Life insurance > Home insurance for a lifetime's investment.
Employers Committed to Control Health Insurance Costs (E.C.C.H.I.C.) to Hold Seminar in Wichita
Employers Committed to Control Health Insurance Costs (ECCHIC), a network of insurance brokers and employers committed to stabilizing medical benefit costs through proactive and creative cost management methods, will present two free seminars on Health Insurance Cost Management in Wichita on Thursday, March 11, and Friday, March 12. The seminars will be held at 10:30 a.m. at The Olive Tree Bistro, 2949 N. Rock Road. Lunch will be provided.
Small business owners and individuals with health insurance concerns are invited to attend this informative seminar.Health insurance benefits are the fastest growing cost center for employers today. At the same time, these costs are also often the least evaluated, managed, analyzed and understood by employers. Often, employers know the total cost of co-pays and premiums but not the amount actually spent on health care, which could potentially be quite a bit less than is spent on pre-paying for health care through insurance companies. At the...
Employers Committed to Control Health Insurance Costs (E.C.C.H.I.C.) to Hold Seminar in Wichita
Life insurance > Employers Committed to Control Health Insurance Costs (E.C.C.H.I.C.) to Hold Seminar in Wichita
Felten and Associates Chooses Cathy Sherry, CSA to Help Establish Their Local Stuart, Florida Office
(ContentDesk) August 24, 2005 -- Felten & Associates has expanded operations to establish an office in Stuart, Florida and has chosen Cathy Sherry, CSA to help establish their local Stuart, Florida office. "We have long standing relationships with clients in Stuart," remarked, Ken Felten, President.
"Our business has grown in Stuart to the point where we needed to establish an office that was local to that community.
We are most pleased and excited to have Ms. Sherry on board.
She has a resume filled with accomplishments in sales and marketing and the professional designations that our clients are seeking."Sherry is a Certified Senior Advisor, a Certified TEEM Member; TEEM is a network of financial professionals referred to as the Equity Enhancement Matrix (TEEM); and is licensed to sell life, health care and annuities.Sherry may be contacted at Felten & Associates, 850 North West Federal Highway, Stuart, FL 34994 (772) 403-5822. Felten and Associates is a 52...
Felten and Associates Chooses Cathy Sherry, CSA to Help Establish Their Local Stuart, Florida Office
Life insurance > Felten and Associates Chooses Cathy Sherry, CSA to Help Establish Their Local Stuart, Florida Office
Your Guide to Writing Original Wedding Vows
Original wedding vows are words you put together to make your feelings known for your spouse. Wedding vows are statements of love, that you are willing to spend your life together, and these words are your own to express how you feel about spending the rest of your days helping each other through life. Writing your own vows can be a little difficult if you are nervous about what to say, but you will find that you can write your vows if you concentrate from your heart.
Where will you come up with the ideas to write your vows? You need to sit down with a sheet of paper or at your computer when you are feeling most loved, after making love, or after spending the day together with the person you will be marrying. This is when your feelings are fresh, and expressing them with words will seem easiest.
Writing words to express your feelings will be original additions for your wedding day. In using vows that you write yourself, you are telling the other person just...
Life insurance > Your Guide to Writing Original Wedding Vows
Auto Insurance Premiums Dropping According to Insurance.com Report
Cleveland, OH
April 26, 2005 ? Insurance.com, the largest online auto insurance agency in the United States, reports a decrease in auto insurance rate quotes depending on geographical region.
The company's "2005 First Quarter Auto Insurance Pricing Report" shows a decrease in premiums by nearly 2 percent during the past quarter.
Insurance.com's report highlights the average change in premium quotes on a national basis.
The report compares the average premium from the first quarter of 2005 against the average premium for all of 2004 in every state*.
The information comes from actual auto insurance quotes consumers received from 12 of the nation's leading companies who participate on Insurance.com's comparative platform.
The information was collected from more...
Auto Insurance Premiums Dropping According to Insurance.com Report
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