If You’re Considering Converting Your Term Insurance… Don’t Wait!!

There’s a new extremely disturbing trend going on in the life insurance industry.

The insurance companies are very quietly changing the array of permanent products available for term conversions. While policies are contractually convertible (often up to a given age or number of years), the new conversion options may be very expensive. Some of the insurance companies give the insureds up to 6 years to convert into their competitive policies and thereafter, the policies are still convertible but to a sub-par product.

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Alzheimer’s Disease: Taking Charge

The New York Times had a Special Section on Sunday May 1, 2016 titled “Fraying At The Edges” by N.R. Kleinfield. The article followed Geri Taylor from the early stages of her disease. Ms. Taylor taught me how we still have a choice in how we live out our lives even in the face of a horrendous disease like Alzheimer’s.  The article also introduced me to the NY Chapter of the Alzheimer’s Association called Caringkind, a wonderful organization that I will recommend to many clients.

alzheimerMr. Kleinfield writes about the “stigma” associated with Alzheimer’s. This is a disease that makes people feel embarrassed causing them to pretend they are fine when they know they are not.  What was refreshing was the focus not on the end of the journey but the beginning and how people can choose how to deal with the disease; to accept it and talk about it, to be active, and to strategize how they can best live with the disease. It truly changed my thinking.
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Large Insurer Offers Life Insurance for People Living with HIV

This exciting and deserved news was announced on World Aids Day in December 2015.

HIV is now officially classified as a chronic illness. In fact, people living with HIV and on maintenance medications, are living long and healthy lives. It is only right that life insurance companies recognize this and offer affordable life insurance as they would others living with chronic conditions.
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