For an audio version of this post, please click on the speaker icon (top left).
Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with insurance
Kenny Loggins had an all-time classic theme song for the movie Top Gun, “Danger Zone.”
Well unfortunately you do not have to look into the air to find these danger zones as they are all around us.
One Danger Zone that I am especially worried about is for early retirees who no longer have access to employer subsidized healthcare coverage plans and are too young to qualify for Medicare.
What is a person to do?
Budgets are Sexy helps you plan for this danger zone period with, you guessed it, a budget in, “Budgeting for Healthcare In Early Retirement.”
When you cross the finish line and become financially independent you are faced with a decision on whether or not to continue carrying Life Insurance.
Technically a life insurance policy is no longer needed as your dependents no longer require anything to replace the loss of a working income.
Nothing in life, however, is so cookie cutter and there may be scenarios where it is beneficial to hold onto some insurance policies.
Financial Samurai helps your decision making process in, “Life Insurance Needs When You’re Financially Independent Or Retired.”
Likewise an argument can be made for whether or not to continue Disability Insurance after you have reached financial independence.
If you happen to become disabled and are financially independent the loss of W2 wages should really not have an impact for your household finances.
FI Physician addresses this argument in, “When Should I Stop Disability Insurance?”
On the other end of the spectrum is when you are just starting out in your career.
When your family depends on your income it is vital that you can still have money coming in if you unfortunately become disabled and no longer to work in your chosen profession.
There are so many options out there that can seem quite daunting to anyone just starting out their career, especially a career in medicine.
White Coat Investor helps you through the process in, “Disability Insurance Tips You Need to Know.”
Most of us do not like to think about our own aging process.
As I have mentioned before there is an asymmetric value assigned to our time.
We hold on to the glory days of the past when we were at peak physical and mental condition.
However Father time is undefeated.
Near the end of our lives we may have deteriorated so much that we are no longer able to perform daily life functions on our own.
We may be faced with entering a long-term care facility, which can be quite an expensive option.
There are long-term care insurance policies out there but are they worth it?
Financial Success MD discusses this very issue in, “Should You Buy Long-Term Care Insurance?”
Hope you enjoyed the reading material.
Have a great rest of the week.
If you are in search of financial help, please consider enlisting the service of any of the sponsors of this blog who I feel are part of the “good guys and gals of finance.”
Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.
NOTE: The website XRAYVSN contains affiliate links and thus receives compensation whenever a purchase through these links is made (at no further cost to you). As an Amazon Associate I earn from qualifying purchases. Although these proceeds help keep this site going they do not have any bearing on the reviews of any products I endorse which are from my own honest experiences. Thank you- XRAYVSN
Thanks for including me
Dr. Cory S. Fawcett
Financial Success MD
Always nice to see you here!