Insurance & Annuities Questions

By Terry Savage

LTC insurance

Answered on August 30, 2014

Terry, I understand LTC is an important part of financial planning. My children are 38, 34, and 30, are they too young to purchase the LTC insurance now? The premiums are affordable now because younger age, or should they wait until older? Thank you. Terry Says:  At this age, and especially if they have dependents,…

Long term care insurance

Answered on August 23, 2014

After reading several articles you wrote suggesting long term care insurance, my wife and I purchased policies thru Met Life about 8 years ago. Our premiums are about $1,100 for each policy per year. Since then, Met Life, along with many other companies stopped offering LTC. We recently received notice that our premiums would be…

Health Savings Account

Answered on August 13, 2014

We have a H S A account that we are contributing to each month. We also contribute to our 401K's. We presently have a OOP maximum of $5000 for our family of 5. I believe the max we can contribute is about $6200 annually. The HSA has an investment option with some well known fund…

Long Term Care Insurance – John Hancock

Answered on July 21, 2014

I purchased a LTC policy at the age of 42 when I was working at Hewlett-Packard. When I signed up, I was promised that as long as I kept up the policy, then I would be paying at the 42 year old rate. I just noticed that my current policy with John Hancock (who took…

universal life insurance

Answered on May 27, 2014

We have a universal life insurance policy (my husband & I) and keep getting letters from the insurance company saying that since interest rates are low , the premiums may not be enough to sustain the policy. I don't understand this and was wondering if we would be better off cashing in the policy and…


Answered on May 07, 2014

What is best for me when I turn 65 soon? Should I join a medicare advantage plan or regular medicare. I have very limited funds Terry Says:  Gosh, that's a tough question.  With limited funds I would have always suggested Medicare Advantage because you have only one payment -- and they cover everything so you…



a personal
finance question