The Uplife Finance Blog

What is A Health Care Proxy?
What is A Health Care Proxy?

What is A Health Care Proxy?

Oct.11.2021

While most of us don’t expect anything untoward to happen to us, the fact remains that life is unpredictable. We could meet with a serious accident or suddenly get diagnosed with a terminal illness. This is why we need to have a checklist that covers all the important things needed in a health care proxy […]

Oct.11.2021

4 Ways Filial Responsibility Laws Affect You

Sep.06.2021

Filial responsibility can be defined as the financial responsibility an adult child has for their parents’ medical care or long-term care. If a parent is impoverished, then under filial responsibility law, an adult child can be made responsible for their parents’ life necessities. Filial responsibility comes into the picture when an elderly parent needs a […]

Sep.06.2021

What Are Filial Responsibility Laws?

Aug.31.2021

An adult child can be held responsible for providing their parents with financial support, especially if their parents are impoverished or indigent. This duty that the adult child has towards their parents is known as filial responsibility. Defined by both state laws and federal laws, filial responsibility is a legal term that makes the adult […]

Aug.31.2021

How Do Life Insurance Payouts Work?

Jul.31.2021

Life insurance policies can easily give your loved ones peace of mind and financial security when you pass away. With insurance policies, they can get help in covering some of your final expenses such as funeral costs or medical exams, or even outstanding debts that you had cosigned with someone else, along with any potential long-term […]

Jul.31.2021

Can I Revoke a Medical Proxy?

Jul.30.2021

When you appoint a medical proxy or a health care proxy, that person is bestowed with the medical power of attorney. This means that they will have the authority for decision-making on medical matters for you if you are not able to make your own medical decisions. You may appoint your spouse, a close friend, […]

Jul.30.2021
How to Cancel Your Life Insurance Policy
How to Cancel Your Life Insurance Policy

How to Cancel Your Life Insurance Policy

Jul.27.2021

When making long-term plans for their lives in the future, many people tend to look into life insurance policies. These policies can provide them with various types of protection over a period of time. This period of time usually centers around the years when the policyholder has younger children, or alternatively, to ensure their loved […]

Jul.27.2021

Getting The Most Out of Life Insurance: The Chronic Illness Rider Option

Jul.24.2021

Many individuals with a chronic illness or severe cognitive impairment struggle with the activities of daily living while receiving no return on their expensive life insurance policy and no relief from payment pressure by life insurance companies and health care providers. Often loved ones are not able to provide adequate financial assistance for people with […]

Jul.24.2021

Best Viatical Settlement Companies For Your Life Insurance Policy Payout

Jul.23.2021

Wondering, “What is a life settlement company and how can I get a policy’s death benefitpayout?” Are you thinking about selling your life insurance policy for face value? Perhaps you are ill, and your dependents no longer need the financial cushion that your policy’s death benefit would provide. Maybe you need a cash payment to […]

Jul.23.2021

What Is The Difference Between A Health Care Proxy and A Living Will?

Jul.22.2021

Although being able to communicate with a healthcare professional about your treatment or medical care preferences is incredibly important all throughout your life, it’s even more important as people start aging. There are plenty of useful tools for people looking for end-of-life care, with two of the most popular being a living will and a […]

Jul.22.2021

What’s The Difference Between An Advanced Medical Directive and a Healthcare Proxy?

Jul.20.2021

While you may feel responsible for your own medical decisions – there can be circumstances under which it may not be possible for you to make your treatment decisions anymore. To make sure that your medical treatment preferences are respected by medical professionals, you can take certain steps. Two of the things you can do […]

Jul.20.2021

Accelerated Death Benefits

Jul.18.2021

Life insurance policies are usually paid out when the policy owner dies. But there are certain instances where your policy may provide you with a payout while you are still alive. Your life insurance policy may have a provision for an Accelerated Death Benefit – which is an insurance rider or add-on that can provide […]

Jul.18.2021

What Type Of Life Insurance do I need?

Mar.29.2021

Some studies show that half of American adults have no life insurance coverage, often because they think they can’t afford it. But many people overestimate how much insurance costs. They assume insurance is just for the rich. However, providing for your loved ones when you die is important to most people. Some policies can allow […]

Mar.29.2021

How to Sell Your Life Insurance Policy

Mar.26.2021

Do you own a life insurance policy? If so, perhaps you’ve wondered if you can sell it. The good news is yes, you can. You just need to know the process to get it done.  In a nutshell, you will contact a third party, licensed life settlement company so that you can get an offer […]

Mar.26.2021
Viatical
Viatical

Long Term Care Insurance: Is it Worth It?

Mar.16.2021

You make many decisions in your lifetime concerning insurance. What should my deductible be? How much coverage do I need? Who’s the best carrier? These are all necessary question concerning some of the different types of protection we all need. But what about Long Term Care insurance (LTC)? You may have been approached about it […]

Mar.16.2021

How To Surrender A Life Insurance Policy

Mar.15.2021

Life insurance isn’t a one-size-fits-all financial solution. In fact, a life insurance policy that used to meet your needs may no longer be needed or wanted. People with grown children often find that the amount of life insurance they needed to protect their family’s finances with children living at home far exceeds their current needs. […]

Mar.15.2021
Viatical Settlements vs. Life Settlements
Viatical Settlements vs. Life Settlements

Understanding Viatical Settlement Taxation

Mar.15.2021

Are you considering a viatical settlement for a loved one? If so, you may be wondering if you are required to pay taxes on your payout. Many people believe that all viatical settlement proceeds are tax exempt. Unfortunately, that’s not always true.  There are instances when viatical settlement payouts are indeed subject to state and […]

Mar.15.2021

Caring for elderly parents

Mar.14.2021

Caring for elderly parents is a major commitment. As you begin to care for your elderly parents, you’ll run into financial and emotional challenges that can quickly create a complicated situation. Although it can be challenging to care for elderly parents, you’ll need to navigate the process for their sakes. Luckily, there are many resources […]

Mar.14.2021

Viatical Settlements vs. Life Settlements

Mar.14.2021

Many people make the decision early in their adult lives to purchase life insurance. This is especially true once you have a family. After all, you want to do everything you can to make sure your loved ones will be cared for and to ensure that they will have financial security if anything were to […]

Mar.14.2021

How Much is my Life Insurance Policy Worth?

Mar.12.2021

Life insurance is an essential part of many family’s retirement and financial plans. If you have a life insurance policy, you are not alone – 60% of Americans carry some form of life insurance coverage. If you have children or are married, you probably already have a life insurance policy or two – perhaps through […]

Mar.12.2021