The long-term-care insurance business is in turmoil. But these options can help you steer through the turbulent marketplace.
Excuse #1: You're not going to die.
Excuse #2: You've been too busy.
Excuse #3: You can't stand thinking about a future that doesn't include you.
Regulators are scrutinizing insurers' payouts to beneficiaries. Prepare now to ensure your heirs will receive their benefits.
Many policies offer accelerated death benefits while you're still alive.
If your term life policy is ending but your needs continue, consider the cash-value alternative.
Make sure you buy from a reputable company when you need coverage to last a lifetime.
Don't let tough economic times prompt you to go without coverage.
Cash-value policyholders must consider taxes when they withdraw or borrow cash.
That term or cash-value policy you bought to protect your young family could cushion your retirement as well.
Follow these tips so you won't pay more than you have to.