Medicaid eligibility requirement is determined by looking at a person’s income and assets. When considering eligibility, certain personal assets are considered exempt and are therefore not included in the calculation of a person’s income. Such exempt assets include a person’s: home, wedding rings, burial plot, car, personal and household belongings (up to about $2000), and life insurance policies with a total cash value under $5000. (more…)

As we dig further into the area of insurance, let me make a statement that will help guide you through the fundamentals. You should have assets insurance, not liabilities. This can sometimes be a difficult and emotional pill to swallow. I know a lot of parents who have fallen prey to the misguided statement that you need to insure your children. Let me be clear on this: You do not need (more…)

For some people, life insurance is not simple and cheap product. So many elements must be taking into consideration before choosing the right one. Do you know that technical aspects and jargons in life insurance are easy to understand for most people? This article will briefly examine top 7 myth and misconceptions regarding life insurance. (more…)