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Long-Term Care Insurance Rate Hikes Continue

MassMutual is the latest among many long-term care insurance (LTCI) providers to announce significant rate increases for existing policyholders. The company recently announced plans to seek a whopping 77% rate hike that
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Fixed Index Annuities: Understanding the Drawbacks

Imagine an investment with the stock market’s upside potential, but the downside protection of a bank CD. You can gain but not lose. Interested? That’s the marketing angle of the fixed index annuity (FIA), an
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Healthcare-Sharing Ministries and Medicare

In response to our November-issue article Bridging the Gap: Covering What Medicare Doesn’t Pay, a reader asked for a follow-up piece on “using a Christian health sharing plan as a supplement to Medicare.” We’re happy to
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Bridging the Gap: Covering What Medicare Doesn’t Pay

Many people assume Medicare pays for all medical expenses of America’s seniors. That isn’t the case and never has been. The program — modified only slightly since being launched more than a half-century ago in 1965 — was
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If You Become Disabled, Is Your Income Protected?

Disability insurance may seem like just one more layer of protection you don’t really want to pay for. However, as when considering all forms of insurance, it’s wise to ask yourself, “What if?” In this case, what if you
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Do You Need Rental-Car Insurance?

With the summer vacation season around the corner, soon you may find yourself standing at a rental-car counter engaged in a potentially awkward conversation about insurance coverage. The rental-car agent may tell you there
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Do You Need Umbrella Liability Insurance?

Start investigating the subject of “umbrella” liability insurance and it won’t be long before you hear this phrase: “It’s only a couple hundred dollars per year for $1 million of coverage.” While it may sound like you get
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How Much Do You Pay for Healthcare?

I’m in the midst of revising our Recommended Cash Flow Guidelines, moving the recommended amounts for housing downward and the recommended amounts for saving upward (more on these changes in a future blog post), among
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Nearing Retirement? Look Carefully Before You Leap Into Annuities

Those nearing retirement are faced with a high-stakes decision. In the event you have a company pension, should you take it in monthly payments for life or in a lump sum? If you take the lump sum, how do you invest those
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Healthcare-Sharing Ministries: A Christian Alternative to Health Insurance

Say what you will about the Affordable Care Act (ACA), one thing is certain: it is significantly changing how health-care is paid for. One example of this can be found in the small, but fast-growing, segment of the
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