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  • What Is Disability Insurance or Paycheck Insurance? (In Apr 2026)

    If you are one of the 51 Million Americans without disability insurance you probably think it’s something you can live without having.

    And answering the question of what is disability insurance might be the last thing on your mind. 

    But here’s the thing, not only do you need disability insurance but it should be a vital part of any financial planning that you do for the near and far future. 

    This post today will go over what disability insurance or what I like to call paycheck insurance is, how it works, why it is essential and how to buy it.

    What Is Disability Insurance

    “In Plain English” – Disability Insurance or Paycheck Insurance is simply protection against the loss of your income or paycheck due to a disability.

    Disability insurance will pay most of your salary or depending on the type of policy, it could even pay 100% of your salary if you were to become disabled and unable to work or perform your job duties.

    I like to refer to Disability Insurance as Paycheck Insurance is because it really makes you think about what is being covered and that is honestly your paycheck.

    The Council For Disability Awareness states that at least one out of every four workers will become disabled at some point during their working career.

    This means that you and almost anyone you know has a pretty good chance of becoming disabled and deciding to buy a disability insurance policy is the best way to protect yourself.

    Types Of Disability Insurance 

    When it comes to disability insurance, you are going to be faced with three options, short-term disability coverage, long-term disability coverage, and lump-sum disability coverage.The policies all work the same in regards to the fact that they replace a portion of your monthly base salary up to a specific amount during your disability.

    It is going to be important to look at the policy specifics because each company will disability differently and each company may offer more or fewer benefits than the other.

    Short Term Disability

    Short-term disability insurance policies, in general will cover you for up to six months.

    They will typically replace 60% to 70% of base salary.  Pays out for a few months to one year, depending on the policy.  

    These policies may also have a short waiting period, like two weeks, after you become disabled before benefits are paid. 

    Long Term Disability

    Long-term disability policies will cover you for up to the rest of your life and they typically replace 40% to 60% of base salary.

    Benefits usually end when the disability ends. A common waiting period is 90 days after you are disabled before benefits are paid

    Lump Sum Disability

    Lump-Sum disability policies will pay out a one-time lump sum amount upon your total disability.

    It will usually replace 1 year of your base salary and pays out in a lump sum for 1 year of income due to total disability.

    If disability is expected to last longer than a year the benefits are paid out.

    Why You Need Disability Insurance

    Can you imagine waking up one day so sick that you can’t get out of bed or breaking both of your arms and being unable to type for 7 months?

    Well, those of the reasons you need disability insurance. 

    And according to the Social Security Administration, if you are the ripe age of 20 years old, you have a 1 in 4 chance of being disabled for up to 90 days or more before you reach 67.

    It is also easy to think that disability insurance is for people with high risk jobs; however, the truth is that more people become disabled from being sick than they do from accidents.

    So don’t think that desk job means you don’t need some paycheck insurance, if you aren’t wealthy enough to self-insure or cover your expenses without an income then you need disability insurance.

    If you have student loans, you shouldn’t risk not being able to pay them because you became disabled.

    If you are a doctor or lawyer think about what the loss of income would mean because of a disability, especially if you have a specialty that makes finding a job much harder.

    One of the first things you should do is evaluate the impact your disability has on your life at home.  Has your ambulation changed or do you need a mobility aid? Will you need to modify the home to make stairs accessible? Is there enough space to navigate through hallways, doorways, and rooms? Are the entrances and exits in your home fully accessible?

    Jason Biddle, Creator Of The Helping Home

    How Much Does Disability Insurance Cost

    There is a wide variety of things that can affect or determine the cost of your disability insurance like your:

    • Lifestyle Habits (Smoking & Drinking)
    • Occupation
    • Health
    • Chosen monthly benefits
    • Disability Policy Options

    The average cost of your disability income insurance policy also ranges from 1% to 3% of your annual income.

    As you can see, even though this is a small list, no two people will have the same rates in general for a disability insurance policy.

    Taking Action

    The fastest way to get disability insurance coverage is by shopping online.

    You can check out product reviews, like this review for Breeze long-term disability as well as get quotes and apply online for immediate coverage here. 

    You also have the option of getting coverage through your employer, but I think it is great practice to always have your own private insurance separate from your job in any situation.

    Take action and get yourself covered today!

  • Best Condo & HO6 Insurance In North Dakota!

    If you’re like the North Dakota condo insurance rates, you might be wondering how to get the best condo insurance for your investment.

    Surprisingly, most individuals are unaware that HO6 insurance rates differ significantly between insurance companies – often by hundreds of dollars each year!

    It’s critical to do a condo insurance quote comparison to ensure you’re getting the best deal.

    So read through our post reviewing the top condo and HO6 insurance providers in North Dakota before purchasing new coverage or renewing your existing policy this year.

    What Is The Average Annual Cost Of North Dakota Condo Insurance?

    The average annual cost of condominium insurance is $320, or about $27 per month. However, bear in mind that the final price will vary for all condo owners depending on where you reside, your deductible amount, liability coverage options, and other plan options.

    What Affects the Costs of Your Condo Insurance North Dakota?

    Where you reside – The expense of condominium insurance varies from city to city depending on such factors as the presence of fire risks and criminal activity. Security measures such as security cameras or living in a guarded community can also lower homeowners insurance premiums.

    Your deductible – A higher deductible implies lower monthly payments. Would you prefer to pay less each month and spend more at once or pay more each month while having a larger deductible? It depends on your budget and personal belongings. Always be mindful when viewing any North Dakota condo insurance quotes.

    How much coverage you need – What items are you covering? If your belongings have a value that exceeds the minimum coverage, you might want to increase the liability coverage limit on your homeowners insurance policy. However, such a change might increase the cost of your home insurance plan.

    How Much North Dakota Condo Insurance Do I Need?

    Your condo insurance policies should have at least $300,000 to $500,000 in coverage if you can afford it. The final amount of coverage that you’ll need will be determined by the expenditures of replacing various items.

    However, most condo insurance covers at least $100,000 in losses, and they generally cover the value of your unit on a condo with a mortgage.

    You should also think about additional coverage for things such as:

    Your Home Office – You can’t forget equipment inside your home office either. Our home offices are just as equipped as actual offices nowadays, so be mindful of the costs.

    Furnishing Your Home – It’s easy to stack up over $25,000 in furniture when you think about furnishing your home with dining sets, bedroom sets, and other types of chairs and ottomans.

    Things Like Art – While some people collect coins and stamps, others (like myself) have an action figure collection. Anything that is considered to have Exceptional Value should be covered.

    Your Personal Property – Things like your clothes, shoes, or other personal property should be accounted for in detail. You don’t want a policy that can’t cover all of your personal items due to a covered loss.

    Use Our Calculator For Extra Help – We created a pretty cool condo insurance calculator that you can use to understand better how much coverage you need.

    When you decide how much condo insurance you need, it’s best to act like a detective. You should also determine if you have specific risks like an exotic pet.

    What Does HO6 Insurance Cover In North Dakota?

    It’s critical to know what your condo insurance protects and won’t protect. We’ll go through everything that condo insurance covers:

    Personal Property Coverage

    The coverage of your personal belongings is an essential part of a condo insurance policy. If your items are stolen or destroyed due to a covered loss such as fire or water damage, they will be compensated.

    This coverage will generally cover your belongings on a replacement cost basis. Replacement cost coverage is when the insurance company reimburses you what it would cost to replace the item today, not what you paid for it previously (known as actual cash value replacement. You always want to be sure you have a replacement cost policy when searching for condominium insurance.

    Personal Liability

    If you have ever found yourself watching an episode of Judge Jerry (Yes, Jerry Springer has a show as a judge now), you might find it odd that family and friends sue each other.

    This is precisely why you need this type of coverage; if your friend or family member is injured inside your unit, condo insurance will help pay for their medical expenses and protect you financially with legal expenses if they decide to sue. You would be surprised at how much the defense costs.

    Damage To Interior Structure

    The one thing you have to remember is that when you buy a condo, you only own what’s inside the unit. This means you still need coverage for your walls, floors, ceilings, and counter-tops, and these items are specifically covered by your condo insurance.

    Loss Of Use

    Suppose you can no longer live in your unit because of damage caused by a covered loss. In that case, your policy will help cover your living expenses such as hotel and travel costs or other additional living expenses while your unit is being repaired.

    What Doesn’t Condo Insurance Cover In The State Of North Dakota?

    Although condo insurance covers a lot of things, it does not cover the following items:

    • Floods
    • Earthquakes 
    • Wear And Tear
    • Nuclear Hazards
    • Intentional Injuries To Others
    • Damage From Birds,
    • Destruction From Rodents
    • Damage From Insect

    What Will My HOA Master Policy Cover In ND?

    The HOA’s “master policy” in North Dakota typically covers damage and personal injury. The Home Owners Association’s policy should cover repairs to the property’s common areas such as:

    • Roofs
    • Common Walls
    • Lobbies or atriums
    • Stairwells
    • Elevators
    • Basements
    • Fitness centers 
    • Pools
    • Ponds & Lakes
    • Playgrounds.

    Is Loss Assessment Coverage included in North Dakota Condo Insurance?

    In North Dakota, our condo insurance plans cover up to $2,000 in claim compensation. It may assist pay the common loss payment for your HOA.

    Condo Insurance Vs. Home Insurance & Renters Insurance

    Condo Insurance

    Condo insurance is only for your personal property and internal structures, your condo policy will cover:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Coverage For Loss Assessment 

    Homeowners Insurance

    Homeowners insurance is the best defense you can give your family from a disaster and usually covers:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Loss Assessment 

    Renters Insurance

    Renters insurance is only for your personal property, your renters policy will usually cover:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Loss Assessment Coverage

    Is Condo & Townhome Insurance The Same Policy?

    A townhouse owner is generally responsible for both the inside and outside of the property since everything on the lot it’s built on is their responsibility.

    A condo-unit insurance policy is an HO-6, whereas a townhome insurance policy is an HO-3.

    Is H06 Condo Insurance Required By Law In North Dakota?

    Although there are no laws in North Dakota requiring condominium homeowners to obtain insurance, obtaining a policy is the best thing you can do for your condo unit.

    Your primary residence will be one of the most important purchases you’ll ever make, not insuring it would be a big blunder.

    Also, keep in mind that just because it isn’t required by law doesn’t mean your mortgage lender or condo association won’t require it.

    Can A Mortgage Lender Require Condo Insurance Coverage In North Dakota?

    Yes, before you can officially buy your condo, your mortgage lender will require that you purchase condo insurance.

    Once you pick the insurance company that you think would be best to cover your newly bought home, they’ll tell you your premium, and you’ll set your coverage to begin on the day of your closing.

    Your lender will want you to have homeowners insurance lined up and ready to go before you come to the closing.

    How Can I Get A Condo Insurance Quote Online In North Dakota?

    You can get quotes on your condo and coverage online in North Dakota, here, at Simply Insurance.

    Buying coverage online is the quickest and simplest method to obtain coverage.

    All you have to do is click here to get some instant quotes and get covered today.

    North Dakota Condo Insurance Frequently Asked Questions

    What is the average monthly cost of condo insurance in North Dakota?

    The typical condo insurance cost per month is around $27. in North Dakota. However, keep in mind that final rates and costs all depend on your specific needs and situation.

    Is condo insurance expensive?

    No, compared to a traditional homeowners insurance policy, condo insurance isn’t that expensive.

    Is insurance higher on condos?

    Depending on your specific situation, insurance is usually NOT higher on condos than it is on a traditional single-family home. The primary reason is that someone living in a Condo will need less coverage for their home, which in turn means they will pay less on a monthly basis.

    Do you really need condo insurance?

    It’s always a good idea to get condo insurance. Even if you don’t have any valuables, you may want liability protection. Most condo homeowners associations also demand that owners carry insurance.

  • Best Life Insurance In Oklahoma For Men And Women!

    Finding the best life insurance in Oklahoma can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for life insurance in OK is choosing the right company.  In this post, we will cover the top life insurance companies in the state of Oklahoma as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In Oklahoma For Men & Women?

    Ethos is the best life insurance company in Oklahoma for men and women. It offers the best no-exam life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In Oklahoma?

    The average life insurance cost in Oklahoma is $598 per year or about $49 per month. Rates in Oklahoma  are lower than the national average by $33 per year. Getting coverage in Oklahoma depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In Oklahoma?

    Rates in Oklahoma are determined by a few factors, which include age, gender, health status, tobacco usage, and others. Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in Oklahoma. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in Oklahoma, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in Oklahoma. Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In OK?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In Oklahoma?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a Oklahoma Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In Oklahoma?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure.

    However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does Oklahoma Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in Oklahoma. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance Oklahoma?

    The best way to contact the Oklahoma Department of insurance is by phone at: 405.521.2828 or toll-free at 800.522.0071.

    You can also reach them via the contact form on their site.

    You can reach the Oklahoma Department of Insurance at the below mailing address:

    Oklahoma Insurance Department400 NE 50th St.Oklahoma City, OK 73105

    For more information about the Oklahoma Department of Insurance, you can visit their website at: https://www.oid.ok.gov/contact-us/

    How To Buy Term Life Insurance In Oklahoma?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case in 2021. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm.

    It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits.

    We even recommend applying to more than one company so that the insurance companies have to fight for your business. The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of Oklahoma life insurance.

    To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in Oklahoma per month?

    The average monthly cost of term life insurance in Oklahoma is around $49 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in Oklahoma?

    The best life policy in Oklahoma comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In Oklahoma?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in OK?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in OK?

    You need to be at least 18 years old to purchase your own life policy in Oklahoma. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

    Best Life Insurance In OH

    Best Life Insurance In Oregon

  • Best Life Insurance In Nevada For Men And Women!

    Finding the best life insurance in Nevada can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for Best Life Insurance In Nevada is choosing the right company.  In this post, we will cover the top life insurance companies in the state of Nevada as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In Nevada For Men & Women?

    Ethos is the best life insurance company in Nevada for men and women. It offers the best no-exam term life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In Nevada?

    The average life insurance cost in Nevada is $612 per year or about $51 per month. Rates in Nevada are lower than the national average by $19 per year. Getting coverage in Nevada depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In Nevada?

    Rates in Nevada are determined by a few factors, which include age, gender, health status, tobacco usage, and others.  Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in Nevada. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in Nevada, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in Nevada. Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In NV?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In Nevada?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a Nevada Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In Nevada?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure. However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does Nevada Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in Nevada. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance Nevada?

    The best way to contact the Nevada Department of insurance is by phone at (775) 687-0700 or toll-free at (888) 872-3234

    You can reach the Nevada Department of Insurance at the below mailing address:

    Nevada Department of Insurance1818 E. College Pkwy., Suite 103Carson City, NV 89706

    For more information about the Nevada Department of Insurance, you can visit their website at: https://doi.nv.gov/Contact-Us/

    How To Buy Term Life Insurance In Nevada?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm. It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits. We even recommend applying to more than one company so that the insurance companies have to fight for your business. The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of Nevada life insurance. To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in Nevada per month?

    The average monthly cost of term life insurance in Nevada is around $51 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in Nevada?

    The best life policy in Nevada comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In Nevada?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in NV?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in NV?

    You need to be at least 18 years old to purchase your own life policy in Nevada. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

    Best Life Insurance In NE

    Best Life Insurance In New Hampshire

  • Best Life Insurance In New Jersey For Men And Women!

    Finding the best life insurance in New Jersey can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for life insurance in NJ is choosing the right company.  In this post, we will cover the top life insurance companies in the state of New Jersey as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In New Jersey For Men & Women?

    Ethos is the best life insurance in New Jersey for men and women. It offers the best no-exam term life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In New Jersey?

    The average life insurance cost in New Jersey is $732 per year or about $61 per month. Rates in New Jersey are higher than the national average by $101 per year. Getting coverage in New Jersey depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In New Jersey?

    Rates in New Jersey are determined by a few factors, which include age, gender, health status, tobacco usage, and others.  Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in New Jersey. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in New Jersey, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in New Jersey. Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In NJ?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In New Jersey?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a New Jersey Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In New Jersey?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure.

    However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does New Jersey Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in New Jersey. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance New Jersey?

    The best way to contact the New Jersey Department of insurance is by phone at 609-292-7272 or toll-free at 1-800-446-7467.

    You can reach the New Jersey Department of Insurance at the below mailing address:

    New Jersey Department of Insurance PO Box 325,Trenton, NJ 08625

    For more information about the New Jersey Department of Insurance, you can visit their website at: https://www.state.nj.us/dobi/index.html

    How To Buy Term Life Insurance In New Jersey?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm. It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits. We even recommend applying to more than one company so that the insurance companies have to fight for your business. The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of New Jersey life insurance .To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in New Jersey per month?

    The average monthly cost of term life insurance in New Jersey is around $61 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in New Jersey?

    The best life policy in New Jersey comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In New Jersey?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in NJ?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in NJ?

    You need to be at least 18 years old to purchase your own life policy in New Jersey. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

    Best Life Insurance In NH

    Best Life Insurance In New Mexico

  • How Many People Need Long Term Care In America?

    Did you know that there is a 70% chance that someone turning age 65 today will need some type of long-term care services? This number isn’t good considering that the average stay in a long term care facility is between 2 and 3 years. In Addition, there have been over 150,000 coronavirus deaths linked to long term care facilities.

    Discover how many people need long-term care in the U.S., how the coronavirus is affecting long term care, what’s the average long term care stay, plus over 101+ long term care statistics!

    Top Long Term Care Statistics

    • There have been over 150,000 COVID-19 related deaths in long-term care facilities.
    • More than 39% of all COVID-19-related deaths are from people in long-term-care facilities.
    • There is a 70% chance that someone turning age 65 today will need long term care.
    • Around 45% of People under the age of 65 need long-term care.
    • There are 53 million unpaid family caregivers in the United States.
    • Unpaid caregivers have an estimated dollar value of $470 Billion.
    • Women need about 3.7 years of long term care on average.
    • On Average, men need about 2.2 years of long term care.
    • The average cost of long-term care is over $100,000 per year, depending on the type of care needed.
    • Some 8.1 million Americans have long-term care insurance.

    Probability Of Needing Long Term Care

    How Many People Need Long Term Care In The United States?

    As of 2021, if you are turning age 65, there is a 70% chance you will need some type of long-term care. Of that, about 48% of people turning 65 will need some kind of paid long-term care in their lifetime. It’s expected that around 19 million Americans will be over age 85 by 2050, which means even more people will need long-term care in the U.S.

    Key Statistics:

    • If you are turning age 65, there is a 70% chance you will need some type of long-term care.
    • A third of today’s 65 year old’s might never need long-term care.
    • Some 48% of people turning 65 today will need some form of paid long-term care in their lifetime.
    • About 24% of people turning 65 will require paid long term care for more than 2 years.
    • 8% of people between the ages of 65 to 74 needed long term care in 2018.
    • In 2018 17% of people ages 75-84 needed long-term care.
    • 42% of people over the age of 85 needed long term care in 2018
    • Around 47% of men age 65 and older will need long-term care during their lifetime.
    • 58% of women age 65 and older will need long-term care during their lifetime.

    What’s LTC (Long Term Care)?

    Long-term care is made up of a few different services that help people live independently depending on their needs when they can no longer perform everyday activities on their own. Unpaid family members and friends provide a majority of long-term care, but it can also be done in a nursing home or adult day care facility.

    Who Needs Long Term Care?

    People who can’t complete most of their daily living activities such as bathing, using the restroom, getting themselves around, or having a severe ongoing health condition or disability may need long term care. The older you get, the higher the chance you need long term care.

    Key Statistics:

    • There is a 68% chance that you will become disabled in at least two activities of daily living if you are age 65 or older.
    • It’s projected that in 2030 there will be 71.5 million adults that are 65 or older.
    • By 2040 the number of adults with disabilities will increase to 21 Million.
    • About 42% of adults 65 and older reported an issue with at least 1 activity of daily living.
    • Around 5% of people aged 65 or older had difficulty with 3 to 4 activities of daily living (ADLs)
    • Some 3% of elderly adults age 65 or older had difficulty with up to 6 ADLs
    • There is a 68% chance that you will become disabled in at least two activities of daily living if you are age 65 or older.
    • By 2050, some 27 million people will be using paid long-term care services regardless of the setting based on population growth.
    • In 1999 40% of the older population with long-term care needs were poor or had incomes below 150% of the federal poverty level.

    Do People Under 65 Need Long Term Care?  

    Yes, about 45% of people under the age of 65 will need some type of long-term care even though, according to a recent MassMutual study, only 38% of people under 65 think they will need long-term care. However, the fastest growing long term care population over the last 10 years have been people aged 31-64.

    Key Statistics:

    • Around 45% of people under the age of 65 need long-term care.
    • According to a study conducted by MassMutual, only 38% of people under the age of 65 think they will need long-term care.
    • A MassMutual study found that consumers in their 30s are more likely to have had at least one family member need chronic care.
    • In the past 10 years, adults ages 31 – 64 have been the fastest-growing population in long-term care facilities.
    • A recent study found that 42% of people between the ages of 30 – 40 years old were interested in long-term care protection.
    • Only 36% of people aged 41 years old to 50 years old are interested in long-term care protection.
    • 26% of older adults aged 51 years old to 60 years old are interested in long term care protection.

    Long-Term Care & The Coronavirus (COVID-19)

    How Has Covid-19 Affected Long Term Care Facilities?

    As of January 2021, over 39% of all COVID-19 related deaths in America have come from 150,000 residents and staff at long term care facilities. There have also been over 782,000 coronavirus related cases at long term care facilities. These numbers worsen when you consider that less than 1% of the population lives in a long term care facility.

    Key Statistics:

    • There have been over 150,000 COVID-19 related deaths in long-term care facilities.
    • More than 39% of all COVID-19-related deaths are from people in long-term-care facilities.
    • Over 782,000 coronavirus related cases have been documented in long term care facilities.
    • Less than 1% of the U.S. population lives in a long-term care facility.
    • In North Dakota, 79% of covid-19 related deaths are of people who live in long-term-care facilities.
    • Alaska has the lowest number of coronavirus deaths at 3%:
    • People aged 75 to 84 have a 220% higher chance of dying from COVID 19 than people age 18-29.
    • People over the age of 85 have a 630% higher chance of dying from COVID-19 than people ages 18-29.

    Long Term Care Caregiver Death Statistics In America

    American caregivers have a 63% higher mortality rate than non-caregivers, and the coronavirus has caused the death of over 1,300 long term care staff members as of January 2021.

    Key Statistics:

    • Over 1,340 long term care staff members have passed away due to COVID-19.

    U.S. Average Long-Term Care Stay Statistics

    What Is The Average Length Of Stay In A Long Term Care Facility?

    Women need about 3.7 years of long term care, and men need about 2.2 years of long term care. The average length of stay in a long term care facility is 1 to 3 years, and long term care, in general, will usually last for about 2 years for someone over the age of 65. Around 20% of today’s 65 year old’s will need long term care for over 5 years.

    Key Statistics:

    • 20% of today’s 65 year olds will need long term care for over 5 years
    • Women need about 3.7 years of long term care on average.
    • 80 years old is the average age of admission for women in long-term care (LTC) facilities.
    • On Average, men need about 2.2 years of long term care.
    • 14% of the U.S. population will need long-term care for more than 5 years.
    • Only 19% of people receiving long-term care will need it for 1 to 2 years.
    • Some 21% of people currently receiving long-term care will need it for 2 to 5 years.
    • Around 13% of people getting long term care will need it for more than 5 years.
    • Around 48% of people currently receiving long term care will need it less than a year.

    (LTC) Caregiver Statistics For The United States

    How Many Unpaid Caregivers Are There In The U.S.?

    As of 2020, there are 53 million unpaid caregivers in the United States; this represents about 21% of the entire adult population. It is estimated that the dollar value of unpaid caregivers is around $470 Billion. Also, approximately 82% of caregivers care for one other adult.  

    Key Statistics:

    • The number of unpaid family caregivers in the United States is 53 million.
    • Unpaid caregivers have an estimated dollar value of $470 Billion.
    • The average age of a care recipient is about 69 years.
    • The average age of a caregiver is 49 years.
    • Spousal caregivers are usually around 62 years old.
    • 34% of all caregivers are 65 or older.
    • Females represent 75% of all caregivers.
    • In 2015 about 43.5 million caregivers were providing unpaid care to an adult or child.
    • Over 34 million Americans provided unpaid care to an adult age 50 or older in 2015.
    • Around 82% of caregivers care for one other adult.
    • Some 15% of caregivers care for up to 2 adults.
    • About 3% of caregivers care for 3 or more adults.
    • More than 40 million caregivers give care to people aged 18+ who have a disability or illness.
    • In 2015 about 9% of caregivers self-identified as LGBTQ.
    • About 30% of people aged 65 or older will rely on family-provided long-term care for two years or more.
    • Unpaid caregivers who also have a job are doing about 34.7 hours of unpaid care work per week.
    • Around 70% of caregivers have suffered work-related problems due to their caregiving duties.
    • 44% of caregivers don’t report their caregiving responsibilities to their supervisor.

    Sources:

    (LTC) Caregiver Statistics For The United States

    How Many Unpaid Caregivers Are There In The U.S.?

    As of 2020, there are 53 million unpaid caregivers in the United States; this represents about 21% of the entire adult population. It is estimated that the dollar value of unpaid caregivers is around $470 Billion. Also, approximately 82% of caregivers care for one other adult.  

    Key Statistics:

    • The number of unpaid family caregivers in the United States is 53 million.
    • Unpaid caregivers have an estimated dollar value of $470 Billion.
    • The average age of a care recipient is about 69 years.
    • The average age of a caregiver is 49 years.
    • Spousal caregivers are usually around 62 years old.
    • 34% of all caregivers are 65 or older.
    • Females represent 75% of all caregivers.
    • In 2015 about 43.5 million caregivers were providing unpaid care to an adult or child.
    • Over 34 million Americans provided unpaid care to an adult age 50 or older in 2015.
    • Around 82% of caregivers care for one other adult.
    • Some 15% of caregivers care for up to 2 adults.
    • About 3% of caregivers care for 3 or more adults.
    • More than 40 million caregivers give care to people aged 18+ who have a disability or illness.
    • In 2015 about 9% of caregivers self-identified as LGBTQ.
    • About 30% of people aged 65 or older will rely on family-provided long-term care for two years or more.
    • Unpaid caregivers who also have a job are doing about 34.7 hours of unpaid care work per week.
    • Around 70% of caregivers have suffered work-related problems due to their caregiving duties.
    • 44% of caregivers don’t report their caregiving responsibilities to their supervisor.

    Average Cost Of Long Term Care & LTC Facilities

    What Is The Average Cost Of Long Term Care?

    The average cost of long term care is over $100,000, depending on the type of care needed. If you need care in a long-term care facility, you would be looking at around $225 per day ($6,824 per month) for a semi-private room or $253 per day ($7,698) per month for a private room in a nursing home.

    Average Cost Of Long Term Care Coverage By State?

    Below we cover the average cost of long term care coverage over a 3 year time period, by state.  The most expensive states for long term care coverage over 3 years is Alaska with costs reaching some$1,090,888, followed by Connecticut ($494,394), Hawaii ($491,655), Massachusetts($459,900), and New York ($438,822) while the most affordable states for LTC coverage are Oklahoma with ($190,530), Louisiana ($199,509), Missouri ($199,563), Kansas ($211,137), and Arkansas ($215,496).

    STATE

    3 YEAR COST OF LONG TERM CARE

    Alabama

    $239,805

    Alaska

    $1,090,884

    Arizona

    $284,700

    Arkansas

    $215,496

    California

    $353,412

    Colorado

    $323,988

    Connecticut

    $494,394

    Delaware

    $394,200

    District Of Columbia

    $383,250

    Florida

    $326,310

    Georgia

    $243,639

    Hawaii

    $491,655

    Idaho

    $289,629

    Illinois

    $243,090

    Indiana

    $296,745

    Iowa

    $233,235

    Kansas

    $211,137

    Kentucky

    $273,750

    Louisiana

    $199,509

    Maine

    $363,540

    Maryland

    $348,210

    Massachusetts

    $459,900

    Michigan

    $328,500

    Minnesota

    $366,780

    Mississippi

    $255,135

    Missouri

    $199,563

    Montana

    $263,151

    Nebraska

    $261,573

    Nevada

    $333,429

    New Hampshire

    $399,675

    New Jersey

    $427,050

    New Mexico

    $274,299

    New York

    $438,822

    North Carolina

    $277,584

    North Dakota

    $420,831

    Ohio

    $284,700

    Oklahoma

    $190,530

    Oregon

    $359,160

    Pennsylvania

    $364,089

    Rhode Island

    $350,400

    South Carolina

    $256,515

    South Dakota

    $254,589

    Tennessee

    $246,375

    Texas

    $235,425

    Utah

    $273,750

    Vermont

    $356,424

    Virginia

    $306,600

    Washington

    $349,854

    West Virginia

    $398,580

    Wisconsin

    $336,438

    Wyoming

    $271,560

    Key Statistics:

    • The average cost of long-term care is over $100,000, depending on the type of care needed.
    • The long-term care expenses in America were $137 billion in 2000.
    • By 2015 the long term care expenses were $208 billion in the U.S.
    • Around 13% of people who are 65 today will have a long-term care expense of up to $50,000 during their lifetime.
    • Some 11% of people who are 65 today will have a long-term care expense of up to $150,000 during their lifetime.
    • About 4% of people who are 65 today will have a long-term care expense of up to $250,000 during their lifetime.
    • Just 9% of people who are 65 today will have a long-term care expense of over $250,000 during their lifetime.
    • The annual cost for adult daycare was $19,500 for five days per week in 2019
    • In 2019 the median annual cost for an assisted-living facility was $48,612.
    • A home health aide working 44 hours per week, 52 weeks per year, cost $52,624 in 2019.

    How Much Does Long-Term Care Cost Per Month?

    The current monthly median national cost for a home health aide would run you some $4,576 per month. An assisted living facility is going to run you about $4,300 per month. Lastly, a nursing home’s monthly costs are about $7,756 per month for a semi-private room and $8,821 for a private room.

    Key Statistics:

    • The average cost of homemaker services is around $4,481 per month.
    • A home health aide will run you some $4,576 per month.
    • An adult daycare could cost you about $1,603 per month.
    • It will run you some $4,300 per month for an assisted living facility.
    • Getting a semi-private room at a nursing home will run you some $7,756 per month.
    • A private room at a nursing home facility could run you $8,821 per month.

    What Is The Average Daily Cost Of Long Term Care?  

    The current daily median national cost for a home health aide would run you some $147 per day. Adult daycare is going to run you about $74 per day. Lastly, a nursing home’s daily costs are about $255 per day for a semi-private room and $290 per day for a private room.

    Key Statistics:

    • The average cost of homemaker services is around $147 per day.
    • A home health aide will run you some $150 per day.
    • An adult daycare could cost you about $74 per day.
    • It will run you some $141 per day for an assisted living facility.
    • To get a semi-private room at a nursing home will run you some $255 per day.
    • A private room at a nursing home facility could run you $290 per day.

    Elderly & Long Term Care Insurance Statistics

    What Is The Average Cost Of Long Term Care Insurance?  

    According to recent industry research, the average cost of long-term care insurance is $2,700 per year. While there are some discounts for couples, most Americans can’t afford the cost of a LTC policy. It’s probably why the average age of someone purchasing a long-term care policy is 58 years old, and only about 8.1 million Americans even have a policy.

    Key Statistics:

    • The average cost of long term care insurance is $2,700 per year.
    • Some 8.1 million Americans are covered with long-term care insurance.
    • The average age of someone buying a long-term care insurance policy is 58
    • Almost half of all long term care insurance policies were purchased by people between 55 and 64.
    • Women purchase some 54% of long term care policies.
    • Only 18% of single people purchase long term care policies.
    • Around 21% of new long-term care policies are sold through the workplace.
    • In 2019 there were about 54,563 individual long-term-care insurance policies sold.
    • In 2018 64% of long-term-care claims were paid to women.

    How Much Is Long Term Care Insurance For A 65 Year Old?

    Long-term care insurance for a 65 year old couple would cost around $7,000 per year; like all insurance, the younger you get the coverage, the lower your premiums will be. For example, a 55 year old couple would only be looking at about $2,500 per year for long-term care insurance.

    Average Cost Of Long Term Care Insurance By Age

    Insured

    Annual Premium (Average)

    Single Man – Age of 55

    $1,700

    Single Woman – Age of 55

    $2,675

    A Couple – Both Age of 55 

    $3,050

    Single Man – Perfect Health – Age of 65

    $1,400

    Single Male – Average Health – Age of 65

    $2,100

    Single Woman – Perfect Health – Age of 65

    $2,100

    Single Woman – Average Health – Age of 65

    $3,100

    Taking Action

    Concluding Thoughts

    Things aren’t getting any easier for the long term care industry, and by 2050 more Americans are expected to need long term care than ever before.  We have to figure out a way to make long-term care better for current residents and make long-term care insurance more affordable for everyone.I must say that I am shocked at how many nursing home deaths COVID-19 is responsible for, and I hope we can get a better handle on the situation for both the staff and residents.

  • Best Life Insurance In Maine For Men And Women!

    Finding the best life insurance in Maine can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for life insurance in ME is choosing the right company.  In this post, we will cover the top life insurance companies in the state of Maine as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In Maine For Men & Women?

    Ethos is the best life insurance in Maine company for men and women. It offers the best no-exam term life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In Maine?

    The average life insurance cost in Maine is $636 per year or about $53 per month. Rates in Maine are higher than the national average by $5 per year. Getting coverage in Maine depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In Maine?

    Rates in Maine are determined by a few factors, which include age, gender, health status, tobacco usage, and others.  Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in Maine. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in Maine, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in Maine. Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In ME?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In Maine?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a Maine Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In Maine?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure.

    However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does Maine Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in Maine. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance Maine?

    The best way to contact the Maine Department of insurance is by phone at:  207-624-8475 or 800-300-5000 (toll-free) or via email at: Insurance.PFR@maine.gov

    You can reach the Maine Department of Insurance at the below mailing address:

    Department of Professional & Financial Regulation Bureau of Insurance#34 State House Station Augusta, ME 04333-0034

    Their Physical Address is: 

    Department of Professional & Financial Regulation Bureau of Insurance76 Northern Avenue Gardiner, Maine 04345

    For more information about the Maine Department of Insurance, you can visit their website at: https://www.maine.gov/pfr/insurance/contact_us.html

    How To Buy Term Life Insurance In Maine?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm.  It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits.

    We even recommend applying to more than one company so that the insurance companies have to fight for your business. The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of Maine life insurance. To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in Maine per month?

    The average monthly cost of term life insurance in Maine is around $53 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in Maine?

    The best life policy in Maine comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In Maine?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in ME?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in ME?

    You need to be at least 18 years old to purchase your own life policy in Maine. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

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  • Best Life Insurance In New Mexico For Men And Women!

    Finding the best life insurance in New Mexico can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for life insurance in NM is choosing the right company.  In this post, we will cover the top life insurance companies in the state of New Mexico as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In New Mexico For Men & Women?

    Ethos is the best life insurance company in New Mexico for men and women. It offers the best no-exam term life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In New Mexico?

    The average life insurance cost in New Mexico is $588 per year or about $49 per month. Rates in New Mexico are lower than the national average by $43 per year. Getting coverage in New Mexico depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In New Mexico?

    Rates in New Mexico are determined by a few factors, which include age, gender, health status, tobacco usage, and others.  Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in New Mexico. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in New Mexico, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in New Mexico. Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In NM?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In New Mexico?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a New Mexico Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In New Mexico?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure. However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does New Mexico Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in New Mexico. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance New Mexico?

    The best way to contact the New Mexico Department of insurance is by phone at 505-827-4601

    You can reach the New Mexico Department of Insurance at the below mailing address:

    Office of Superintendent of Insurance P.E.R.A. Building1120 Paseo De Peralta Santa Fe, New Mexico 87501

    For more information about the New Mexico Department of Insurance, you can visit their website at: https://www.osi.state.nm.us/

    How To Buy Term Life Insurance In New Mexico?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm. It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits. We even recommend applying to more than one company so that the insurance companies have to fight for your business.  The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of New Mexico life insurance. To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in New Mexico per month?

    The average monthly cost of term life insurance in New Mexico is around $49 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in New Mexico?

    The best life policy in New Mexico comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In New Mexico?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in NM?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in NM?

    You need to be at least 18 years old to purchase your own life policy in New Mexico. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

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  • Best Condo & HO6 Insurance In West Virginia!

    If you’re like the West Virginia condo insurance rates, you might be wondering how to get the best condo insurance for your investment.

    Surprisingly, most individuals are unaware that HO6 insurance rates differ significantly between insurance companies – often by hundreds of dollars each year!

    It’s critical to shop around for your condo insurance to ensure you’re getting the best deal.

    So read through our post reviewing the top condo and HO6 insurance providers in West Virginia before purchasing new coverage or renewing your existing policy this year.

    What Is The Average Annual Cost Of West Virginia Condo Insurance?

    The average annual cost of condominium insurance is $313, or about $26 per month. However, bear in mind that the final price will vary for all condo owners depending on where you reside, your deductible amount, liability coverage options, and other plan options.

    What Affects the Costs of Your Condo Insurance West Virginia?

    Where you reside – The expense of condominium insurance varies from city to city depending on such factors as the presence of fire risks and criminal activity. Security measures such as security cameras or living in a guarded community can also lower homeowners insurance premiums.

    Your deductible – A higher deductible implies lower monthly payments. Would you prefer to pay less each month and spend more at once or pay more each month while having a larger deductible? It depends on your budget and personal belongings. Always be mindful when viewing any West Virginia condo insurance quotes.

    How much coverage you need – What items are you covering? If your belongings have a value that exceeds the minimum coverage, you might want to increase the liability coverage limit on your homeowners insurance policy. However, such a change might increase the cost of your home insurance plan.

    How Much West Virginia Condo Insurance Do I Need?

    Your condo insurance policies should have at least $300,000 to $500,000 in coverage if you can afford it. The final amount of coverage that you’ll need will be determined by the expenditures of replacing various items.

    However, most condo insurance covers at least $100,000 in losses, and they generally cover the value of your unit on a condo with a mortgage.

    You should also think about additional coverage for things such as:

    Your Home Office – You can’t forget equipment inside your home office either. Our home offices are just as equipped as actual offices nowadays, so be mindful of the costs.

    Furnishing Your Home – It’s easy to stack up over $25,000 in furniture when you think about furnishing your home with dining sets, bedroom sets, and other types of chairs and ottomans.

    Things Like Art – While some people collect coins and stamps, others (like myself) have an action figure collection. Anything that is considered to have Exceptional Value should be covered.

    Your Personal Property – Things like your clothes, shoes, or other personal property should be accounted for in detail. You don’t want a policy that can’t cover all of your personal items due to a covered loss.

    Use Our Calculator For Extra Help – We created a pretty cool condo insurance calculator that you can use to understand better how much coverage you need.

    When you decide how much condo insurance you need, it’s best to act like a detective. You should also determine if you have specific risks like an exotic pet.

    What Does HO6 Insurance Cover In West Virginia?

    It’s critical to know what your condo insurance protects and won’t protect. We’ll go through everything that condo insurance covers:

    Personal Property Coverage

    The coverage of your personal belongings is an essential part of a condo insurance policy. If your items are stolen or destroyed due to a covered loss such as fire or water damage, they will be compensated.

    This coverage will generally cover your belongings on a replacement cost basis. Replacement cost coverage is when the insurance company reimburses you what it would cost to replace the item today, not what you paid for it previously (known as actual cash value replacement. You always want to be sure you have a replacement cost policy when searching for condominium insurance.

    Personal Liability

    If you have ever found yourself watching an episode of Judge Jerry (Yes, Jerry Springer has a show as a judge now), you might find it odd that family and friends sue each other.

    This is precisely why you need this type of coverage; if your friend or family member is injured inside your unit, condo insurance will help pay for their medical expenses and protect you financially with legal expenses if they decide to sue. You would be surprised at how much the defense costs.

    Damage To Interior Structure

    The one thing you have to remember is that when you buy a condo, you only own what’s inside the unit. This means you still need coverage for your walls, floors, ceilings, and counter-tops, and these items are specifically covered by your condo insurance.

    Loss Of Use

    Suppose you can no longer live in your unit because of damage caused by a covered loss. In that case, your policy will help cover your living expenses such as hotel and travel costs or other additional living expenses while your unit is being repaired.

    What Doesn’t Condo Insurance Cover In The State Of West Virginia?

    Although condo insurance covers a lot of things, it does not cover the following items:

    • Floods
    • Earthquakes 
    • Wear And Tear
    • Nuclear Hazards
    • Intentional Injuries To Others
    • Damage From Birds,
    • Destruction From Rodents
    • Damage From Insects

    What Will My HOA Master Policy Cover In WV?

    The HOA’s “master policy” in West Virginia typically covers damage and personal injury. The Home Owners Association’s policy should cover repairs to the property’s common areas such as:

    • Roofs
    • Common Walls
    • Lobbies or atriums
    • Stairwells
    • Elevators
    • Basements
    • Fitness centers 
    • Pools
    • Ponds & Lakes
    • Playgrounds.

    Is Loss Assessment Coverage included in West Virginia Condo Insurance?

    In West Virginia, our condo insurance plans cover up to $2,000 in claim compensation. It may assist pay the common loss payment for your HOA.

    Condo Insurance Vs. Home Insurance & Renters Insurance

    Condo Insurance

    Condo insurance is only for your personal property and internal structures, your condo policy will cover:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Coverage For Loss Assessment 

    Homeowners Insurance

    Homeowners insurance is the best defense you can give your family from a disaster and usually covers:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Loss Assessment 

    Renters Insurance

    Renters insurance is only for your personal property, your renters policy will usually cover:

    • Personal Property
    • Personal Liability
    • Medical Coverage
    • Loss Of Use Coverage
    • Loss Assessment Coverage

    Is Condo & Townhome Insurance The Same Policy?

    A townhouse owner is generally responsible for both the inside and outside of the property since everything on the lot it’s built on is their responsibility.

    A condo-unit insurance policy is an HO-6, whereas a townhome insurance policy is an HO-3.

    Is H06 Condo Insurance Required By Law In West Virginia?

    Although there are no laws in West Virginia requiring condominium homeowners to obtain insurance, obtaining a policy is the best thing you can do for your condo unit.

    Your primary residence will be one of the most important purchases you’ll ever make, not insuring it would be a big blunder.

    Also, keep in mind that just because it isn’t required by law doesn’t mean your mortgage lender or condo association won’t require it.

    Can A Mortgage Lender Require Condo Insurance Coverage In West Virginia?

    Yes, before you can officially buy your condo, your mortgage lender will require that you purchase condo insurance.

    Once you pick the insurance company that you think would be best to cover your newly bought home, they’ll tell you your premium, and you’ll set your coverage to begin on the day of your closing.

    Your lender will want you to have homeowners insurance lined up and ready to go before you come to the closing.

    How Can I Get A Condo Insurance Quote Online In West Virginia?

    You can get quotes on your condo and coverage online in West Virginia, here, at Simply Insurance.

    Buying coverage online is the quickest and simplest method to obtain coverage.

    All you have to do is click here to get some instant quotes and get covered today.

    West Virginia Condo Insurance Frequently Asked Questions

    What is the average monthly cost of condo insurance in West Virginia?

    The typical condo insurance cost per month is around $26. in West Virginia. However, keep in mind that final rates and costs all depend on your specific needs and situation.

    Is condo insurance expensive?

    No, compared to a traditional homeowners insurance policy, condo insurance isn’t that expensive.

    Is insurance higher on condos?

    Depending on your specific situation, insurance is usually NOT higher on condos than it is on a traditional single-family home. The primary reason is that someone living in a Condo will need less coverage for their home, which in turn means they will pay less on a monthly basis.

    Do you really need condo insurance?

    It’s always a good idea to get condo insurance. Even if you don’t have any valuables, you may want liability protection. Most condo homeowners associations also demand that owners carry insurance.

  • Best Life Insurance In Kentucky For Men And Women!

    Finding the best life insurance in Kentucky can seem a bit complicated; especially sense there are soo many companies, all offering different products.

    But the truth is that: 

    One of the most important factors when searching for life insurance in KY is choosing the right company.  In this post, we will cover the top life insurance companies in the state of Kentucky as well as the average cost of life insurance there, and much more.  Lets go!

    Who Has The Best Life Insurance In Kentucky For Men & Women?

    Ethos is the best life insurance company in Kentucky for men and women. It offers the best no-exam term life insurance from $100,000 to $3 million with no medical exam required. You can apply entirely online by answering a few health questions, and approval often comes instantly because of their simplified issue process.

    What Is The Average Cost Of Life Insurance In Kentucky?

    The average life insurance cost in Kentucky is $588 per year or about $49 per month. Rates in Kentucky are lower than the national average by $43 per year. Getting coverage in Kentucky depends on your gender, age, and health status, which can all alter how much your life insurance costs.

    How Are Life Insurance Rates Determined In Kentucky?

    Rates in Kentucky are determined by a few factors, which include age, gender, health status, tobacco usage, and others.  Below we cover the primary pricing factors in more detail:

    • Age – Age will be one of the most significant factors when determining your life insurance rates in Kentucky. The younger you are when you purchase coverage, the more affordable it is going to be.
    • Gender – Your gender is going to be the second-largest factor when figuring out your insurance rates. You will find that women will have much more affordable rates than men, primarily because they live longer than men on average.
    • Tobacco Usage – If you are a tobacco user, you can expect your rates to be upwards of 65% more expensive every month. With Cancer being a leading cause of death in Kentucky, and since smoking increases your rates considerably if you smoke, it’s probably time to quit.
    • Coverage Amount – The amount of coverage that you purchase will also change your rates. The higher the coverage amount you are buying, the more expensive the policy will become.
    • Term Length – Term length will be a factor because the longer the term length, the more expensive a policy will become. However, don’t let this fool you; if you lock your rates in for a longer-term, you will actually save more money over time.
    • Current Health – Everyone is underwritten on an individual basis; this means that if you have a twin, their rates can still be different if their health is different.
    • Driving Record – Life Insurance companies want to know that you aren’t a crazy driver. If you have a history of speeding, DUI’s or DWI’s you could be looking at higher rates or even get declined for coverage.

    It’s important to understand what will and won’t affect your insurance premiums when you are trying to find life insurance quotes in Kentucky.  Since there are a few different types of life insurance it’s essential to make sure you understand all of these factors before committing to a policy and signing papers.

    What Are The Differences Between Term and Whole Life Insurance In KY?

    The first question I usually get from a customer is what type of life insurance I should buy? The two most popular types are Term Life Insurance and Whole Life.

    Term Life Insurance

    Term life insurance is usually set for a certain amount of time, between one year to thirty years. For example, if you had term coverage with 20 yr terms and died after 18 yrs, then your family would collect the death benefit.

    If you were still alive after 20 yrs, then they wouldn’t be eligible for any benefits because your policy would have ended.

    Whole Life Insurance

    The death payout from whole life insurance remains constant and does not depend on how old a person is. It pays out a sum certain amount no matter when the person dies, as long as you keep paying for the entire period without lapses or termination during this time.

    Should You Consider a Universal Life Insurance Policy In Kentucky?

    A Universal life insurance plan is a type of permanent life insurance that offers death benefit protection for your entire lifetime along with flexible premiums and it builds cash value.

    You can use a Kentucky Universal life insurance plan to help protect your money and investments against the risk of early death.

    Think of this policy as a hybrid between term and whole life. You get more affordable premiums than a traditional whole life policy and you can keep your policy as long as you live.

    What Expenses Does Life Insurance Cover?

    Your beneficiaries can spend your policy’s benefit however they want. Beneficiaries often use the financial support for:

    • Income Replacement
    • Funeral Expenses
    • Taking care of disabled family members
    • Everyday expenses
    • Outstanding debts
    • Child or dependent care
    • College costs

    Essentially, once the life insurance company cuts the check to your beneficiary, they can use it for their family, to start a business or any other means.

    Does The Covid-19 Vaccine Void Life Insurance In Kentucky?

    No, a Covid-19 vaccination will not affect your life insurance policy or premiums; however, as the coronavirus pandemic continues to threaten people in almost every community across the world, more and more people are considering life insurance – here are the basics:

    Can I Get Life Insurance If I Recently Traveled Or Plan To Travel Internationally?

    If you traveled to a country, or an area considered unsafe by the U.S. government for 30 days before applying for life insurance, your application will be delayed due to potential exposure.

    However, after you return home from that trip and wait for 30 days of safety, you’ll be able to resubmit your application.

    Does Kentucky Life Insurance Cover Covid-19 Deaths?

    Yes, life insurance policies will pay out death benefits to your beneficiary if you pass away from Covid-19 in Kentucky. There are very few insurance policies that will exclude death by infectious disease. Exceptions are made for certain diseases, such as cancer; a cancer policy may not be paid if the insured dies from COVID-19.There are also policies like accidental death insurance where the death benefit will only pay out if you die from an accident.

    How To Contact The Department Of Life Insurance Kentucky?

    The best way to contact the Kentucky Department of insurance is by phone at (502) 564-3630 or toll-free at 800-595-6053. You can also email them at DOI.AdministrativeServicesMail@ky.gov

    You can reach the Kentucky Department of Insurance at the below mailing address:

    Department of Insurance 500 Mero Street, 2 SE 11,Frankfort, KY 40601

    For more information about the Kentucky Department of Insurance, you can visit their website at: https://insurance.ky.gov/ppc/new_default.aspx.

    How To Buy Term Life Insurance In Kentucky?

    Some sites say it will take between four to eight weeks from start to finish when purchasing life insurance; however, I can assure you that is no longer the case. It’s much easier to find a term life insurance policy now, and getting covered in under 5 minutes is almost the industry norm. It’s best to compare quotes across multiple insurance companies to make sure you are getting the best rate and the most benefits. We even recommend applying to more than one company so that the insurance companies have to fight for your business. The life insurance application process can be completed in just 4 steps.

    Here’s how:

    1. Get your free life insurance quote. Compare and contrast rates from different insurance companies 100% online without getting called from an agent. You should look at both online life insurance no medical exam options and fully underwritten options.
    2. Choose your life insurance policy. It’s time to decide how much coverage you can afford and pick your plan amount and term length. You should select a company that has a good rating with A.M. Best and also excellent customer service.
    3. Fill out your “real-time” application. Complete your application entirely online without any agents by answering a few questions. Our online companies offer accelerated or real-time applications, so the underwriting happens as you complete your application.
    4. Sign your life insurance policy and pay. Most companies will be able to give you an instant approval or an instant decision on the outcome of your policy. Once approved, you can sign your application and make your premium payments online…
    5. That’s it; you’re covered!

    Taking Action

    We hope these resources have been helpful and that you now have a clearer understanding of Kentucky life insurance. To get started, all you need to do is click on any of the above buttons. You will receive an instant quote so that you can compare rates from top-rated companies today.

    Frequently Asked Questions

    How much is life insurance in Kentucky per month?

    The average monthly cost of term life insurance in Kentucky is around $49 per month. Costs vary based on your age, medical status, occupation, location of residence, or employment, as well as how much life insurance coverage you are seeking.

    What is the best life insurance policy in Kentucky?

    The best life policy in Kentucky comes from Bestow. This is because they have some of the best coverage options, affordable premiums and are one of the only life insurance companies that can cover you in less than 5 minutes for up to $1.5 Million in coverage. They offer rates starting at just $14 per month!

    What death qualifies for life insurance?

    Life Insurance traditionally offers what is known as an all-cause death benefit. This means it will cover deaths from an accident, chronic illness, critical illness, or terminal illness. The only exception is death from suicide, life insurance policies usually put a 2-year waiting period on death by suicide but it’s best to check your policy for specifics.

    How much is a 500k life insurance policy In Kentucky?

    A 35-year-old non-tobacco using female in excellent health can get a $500k life insurance policy for about $24 per month with no exam and a 35-year-old non-tobacco using male could get the same coverage for $33 per month.

    Which type of life insurance is best in KY?

    Term life insurance is the simplest and cheapest type of life insurance to find because it builds no cash value. It can be purchased for a particular duration or until you reach a specific age. However, some may feel more comfortable with it as long-term coverage. The cost depends on your habits, such as smoking and your height, weight, age, and gender.

    What is the minimum age to buy life insurance in KY?

    You need to be at least 18 years old to purchase your own life policy in Kentucky. However, you can buy a plan for your kids as an individual policy or as a rider on your insurance policy.

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