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	<title>Answers for InsuranceLibrary.comMarc Crolius -  -</title>
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		<title>Answer on What Does Life Insurance Cash Value Mean? by Marc Crolius</title>
		<link>https://www.insurancelibrary.com/life-insurance/what-does-life-insurance-cash-value-mean#answer_14046</link>
		<dc:creator>Marc Crolius</dc:creator>
		<pubDate>Mon, 18 Nov 2013 20:26:31 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/what-does-life-insurance-cash-value-mean#answer_14046</guid>
		<description><![CDATA[This is the value added to your account as you pay premiums. Initially as you pay into your policy your cash value will not make any gains. However after a few years this amount will add up and gains are exponential.
The average rate of interest is about 3%. Read Bank on Yourself and purchase a policy from a mutual company. Use the funds as you see fit.
Marc Crolius 877.894.4643]]></description>
		<content:encoded><![CDATA[This is the value added to your account as you pay premiums. Initially as you pay into your policy your cash value will not make any gains. However after a few years this amount will add up and gains are exponential.
The average rate of interest is about 3%. Read Bank on Yourself and purchase a policy from a mutual company. Use the funds as you see fit.
Marc Crolius 877.894.4643]]></content:encoded>
	</item>
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		<title>Answer on What Does Medigap Insurance Pay For? by Marc Crolius</title>
		<link>https://www.insurancelibrary.com/medicare-insurance/what-does-medigap-insurance-pay-for#answer_14014</link>
		<dc:creator>Marc Crolius</dc:creator>
		<pubDate>Mon, 18 Nov 2013 16:56:20 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/medicare-insurance/what-does-medigap-insurance-pay-for#answer_14014</guid>
		<description><![CDATA[If you are on Medicare you may qulaify for Medigap or a Medicare supplement. These programs are adminstred by individual insurance carriers licensed by CMS to offer the approved CMS supplements.
Medigap pays for Part A&#038;B coinsurance and hospital care.
It pays for skilled nursing facilty.
May also cover excess chagres in some states. Depending on the plan you may pay as much as $4,800 out of pocket. Most plan however have better coverage than that.
Remember: You will need to retain a part &quot;d&quot; plan as well as unlike most Advantage plans, supplements or medigap do not include this coverage.
Marc Crolius 877.894.4643
 ]]></description>
		<content:encoded><![CDATA[If you are on Medicare you may qulaify for Medigap or a Medicare supplement. These programs are adminstred by individual insurance carriers licensed by CMS to offer the approved CMS supplements.
Medigap pays for Part A&amp;B coinsurance and hospital care.
It pays for skilled nursing facilty.
May also cover excess chagres in some states. Depending on the plan you may pay as much as $4,800 out of pocket. Most plan however have better coverage than that.
Remember: You will need to retain a part "d" plan as well as unlike most Advantage plans, supplements or medigap do not include this coverage.
Marc Crolius 877.894.4643
 ]]></content:encoded>
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		<title>Answer on How Much Life Insurance Do I Need In Retirement? by Marc Crolius</title>
		<link>https://www.insurancelibrary.com/life-insurance/how-much-life-insurance-do-i-need-in-retirement#answer_13998</link>
		<dc:creator>Marc Crolius</dc:creator>
		<pubDate>Mon, 18 Nov 2013 15:20:54 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/how-much-life-insurance-do-i-need-in-retirement#answer_13998</guid>
		<description><![CDATA[First are you retired? 
If so then the point may be moot. However,if not you may use a policy to retire with funds that you accumulate over time. Purchased when you are younger the accumulation phase can be very nice.
If you are retired, the average funeral cost today is $7300.00.
So getting a final expense policy may be expensive but you may not save enough money in time to pay for your own funeral.
Let your children contribute and use the funds as your legacy to them.
Marc Crolius 877.894.4643 ]]></description>
		<content:encoded><![CDATA[First are you retired? 
If so then the point may be moot. However,if not you may use a policy to retire with funds that you accumulate over time. Purchased when you are younger the accumulation phase can be very nice.
If you are retired, the average funeral cost today is $7300.00.
So getting a final expense policy may be expensive but you may not save enough money in time to pay for your own funeral.
Let your children contribute and use the funds as your legacy to them.
Marc Crolius 877.894.4643 ]]></content:encoded>
	</item>
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		<title>Answer on What Life Insurance Can You Borrow From? by Marc Crolius</title>
		<link>https://www.insurancelibrary.com/life-insurance/what-life-insurance-can-you-borrow-from#answer_13992</link>
		<dc:creator>Marc Crolius</dc:creator>
		<pubDate>Mon, 18 Nov 2013 14:18:14 +0000</pubDate>
		<guid isPermaLink="false">https://www.insurancelibrary.com/life-insurance/what-life-insurance-can-you-borrow-from#answer_13992</guid>
		<description><![CDATA[You may borrow from any policy that has cash value however your best bet is to purchase a policy from a
company that welcomes it. Please read Bank on Yourself  

The size of a cash buildup differs substantially from company to company. In many instances there is no correlation between the size of the cash value and premiums paid; in some cases there is an inverse relationship. Everything that the policyowner wishes to do with this policy while living is determined by the size of the cash value. For example, at some future time, a policyowner may wish to convert the cash value to a monthly retirement income. Its size will depend on (1) the amount of the cash value and (2) the attained age of the policy owner.]]></description>
		<content:encoded><![CDATA[You may borrow from any policy that has cash value however your best bet is to purchase a policy from a
company that welcomes it. Please read Bank on Yourself  

The size of a cash buildup differs substantially from company to company. In many instances there is no correlation between the size of the cash value and premiums paid; in some cases there is an inverse relationship. Everything that the policyowner wishes to do with this policy while living is determined by the size of the cash value. For example, at some future time, a policyowner may wish to convert the cash value to a monthly retirement income. Its size will depend on (1) the amount of the cash value and (2) the attained age of the policy owner.]]></content:encoded>
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