Am I Required To Buy A Company’s Life Insurance Once They Finance An Exam?
Posted: August 22, 2020
Am I Required To Buy A Company’s Life Insurance Once They Finance An Exam?Except for guaranteed issue and other no-exam life insurance policies (with higher rates and lower face value), most insurance companies will require an in-person medical exam. A company representative will arrange for a physical exam to be conducted by a licensed healthcare professional selected and contracted by the life insurance company. This does not mean you are under any obligation to purchase life insurance from...
What Happens To My 401(k) If I Move To A Different Country?
Posted: August 13, 2020
What Happens To My 401(k) If I Move To A Different Country?If you are a foreign worker in the U.S., planning to return home, or a U.S. citizen planning to move abroad, you may be wondering what happens to your 401(k) account when you leave the country. In this scenario, you have several different options from which to choose. Leave Your 401(k) In The U.S. When you leave your 401(k) in the U.S., you retain the...
Does Health Insurance Cover Mental Health Treatment?
Posted: August 10, 2020
Does Health Insurance Cover Mental Health Treatment?As reported on HealthCare.gov, mental health and substance abuse services are covered as essential benefits under all Marketplace plans. These plans are required to provide “parity” protections between medical and surgical benefits and mental health and substance abuse benefits. What this means, generally, is that the limits cannot be more restrictive for one than the other. This parity applies to: Financial limits, such as copayments,...
Is Taking The Accelerated Death Benefit Worth It?
Posted: August 7, 2020
Is Taking The Accelerated Death Benefit Worth It?Accelerated death benefits are a relatively new option with life insurance policies. To qualify for these benefits, you must be terminally ill or chronically ill in some cases. For policyholders with severe health conditions, it may be worth it to take advantage of this option. How Do Accelerated Death Benefits Work? When you take accelerated death benefits, you get a portion of the benefits from...
What Happens To My 401(k) After My Death?
Posted: July 28, 2020
What Happens To My 401(k) After My Death?For many Americans, a 401(k) is the foundation of their retirement planning. The goal is to set aside sufficient tax-deferred dollars (ideally, with matching employer contributions) to see you through from the date of retirement to the date of your death. But what happens if you die before you have a chance to spend your 401(k) funds? You certainly can’t take it with you when...
