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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