403b Retirement Plans

What are 403(b) plans? A 403(b) retirement plan is quite similar to a 401(k) plan. It is offered by non-profit organizations, like universities and charitable organizations. Your employer can determine the financial institutions where you can maintain your 403(b) accounts. Accounts under a 403(b) plan can be one of the three following types:Anannuity contractwhich is provided through an insurance company is known as tax-sheltered annuities (TSAs) and also tax-deferred annuities (TDAs).A custodial account provided...
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Long Term Care Insurance

What are the odds that you would need Long Term Care Insurance? As much as one wishes that one would never need long-term care, statistics relating to long-term care requirement are in favor of planning for one's long-term needs through insurance.  At least 40% of people above the age of 65 will need long-term care. By 2020, 12 million senior Americans are expected to need long-term care. A year at the nursing home could cost as much as $60,000 in larger cities. About 10% of all people seeking health care in a nursing home are likely...
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Universal Life Insurance

KU5ZUJ45PH7E Universal life insurance is defined as a kind of flexible permanent life insurance that offers low cost protection of savings element and term life insurance that a person invests for providing a cash value buildup. The savings element, death benefit as well as premiums can be altered and reviewed as your circumstances change. Additionally, unlike whole life insurance, here the policy holder is allowed to use the interest from her/his accumulated savings so as to help pay premiums. This form of insurance was created for providing...
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Medical Care Insurance

Do you have a medical cover? Medical care insurances prove very useful in case of emergencies. Imagine yourself in a medical emergency, when you can take care of your loved one and at the same time, have to pay the hospital bills and take appointments from medical professionals. All you need during the crisis is a health insurance policy. However, with a medical care; you can expect better services, faster access to the hospital and doctors, and more peace of mind. Medical care is a contract between an individual and an insurance company. The policyholder...
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Insurance Tips

Insurance is a basic need of every one. Insurance is a service, which is provided by registered companies to individuals and groups. One can insure himself as well as his belongings with insurance. He has to pay a certain amount of money in every month, which is called premium, to the insurance company and in exchange of the fees, the provider covers the policyholder against all impending dangers. Types of insurance: There are many types of insurance available in the market. However, the common types of insurance policies are: Life insurance:...
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Online Insurance Policy

Purchasing an insurance plan has become extremely customer friendly. With new innovations taking place, the concept of online insurance policy is becoming increasingly famous. Given the fact that the present day generation is becoming cyber savvy, online selection and transaction for insurance policies are the next best option for almost anyone. Not only it saves you from the hassle of visiting an insurance agent or broker but also allows you a volley of options online. At the same time you would get the best professional advice and tips of insurance...
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Mediclaim Policies

If you take a look at the medical market, you would find that the medical costs are increasing by the day. Keeping this in mind and benefiting from the medical services in case of any unexpected ailment or accidents would thus become very steep. Mediclaim policies act as a solution to keep away from increased medical charges. A reason why if you have not enrolled in to one you must do so at the earliest. Features of Mediclaim Policies If you have been thinking about investing in mediclaim policies then you need to be aware of its features and...
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