I, life insurance
Especially in the United States to maintain the family's livelihood of the main source of income of the parents, if there is a fixed family burden, such as home loans, children's school expenses, etc., life insurance is necessary, in the event that the family in the family of a fixed income in the event of an accident, you can ensure that the family can still operate normally. Term life insurance is a good choice among life insurance policies, and some policies do not require a health checkup. If you purchase a basic term life insurance policy, say for a period of 20 years, the insurance company will pay a claim to the beneficiary if the policyholder dies while the policy is in force. The death benefit helps replace the income your family relies on and can be used to pay the mortgage or your children's college expenses. If you are retired, have independent children, and don't have these major responsibilities, you don't need this type of insurance.
Whole life insurance is insurance that lasts for the rest of your life and pays out when you die. It's more expensive, but there is a savings component, also known as "cash value," that increases over time. Some people use Whole Life Insurance to pay federal estate taxes or to protect assets.
Consumers can find the right insurance company online, and there are life insurance computers that give consumers an estimate of the amount of coverage they should have, depending on their situation. There is also help in understanding the different types of insurance and in purchasing affordable insurance.
Second, long-term care insurance
As the cost of long-term care continues to rise, more people are considering taking out insurance. 20 years, the cost of three years of "long-term care" can be more than $300,000, and according to statistics, more than 70% of the elderly over 65 years old, need long-term care services.
Insurance companies have an interactive map that shows the cost of long-term care across the United States. Consumers can calculate the future cost of long-term care based on the median cost in their state of residence. For example, the cost of a private one-bedroom apartment in an assisted living facility in Virginia was $47,880 last year and will be $116,217 by 2044. A private room in a nursing home will go from $84,315 to $204,655 in 30 years.
There are two types of long-term care insurance: traditional and hybrid. Traditional insurance pays premiums to the insurance company for the term of the contract, just like term life insurance, and if you don't use it, you don't get that money back. With hybrid insurance, you pay a deposit, usually $50,000 to $150,000, which goes into a collective fund that pays for long-term care and death claims. If you die before the "long term care" group fund is exhausted, your beneficiaries receive a death claim. If you don't even need 'long-term care', you could potentially get all your money back.
Third, long-term disability insurance
An illness or injury can leave you without an income for a long time. One in four current 20-somethings could become disabled before retirement, but only 29 percent of Americans have disability insurance. If you get disability insurance through your employer, you may want to consider supplementing it with individual coverage, as many employer-provided disability insurance policies only pay out if you become totally disabled.
If your employer pays the premiums, you will be taxed on your claim, which means you will get less money for your disability.
If you don't have disability insurance, or if you want to supplement your employer's disability insurance, the premium will be 1 to 3 percent of your annual salary. most disability insurance pays 40 to 60 percent of your base salary. If the premium is paid, any claims are tax-free.
One thing to keep in mind when buying insurance in the US is that US law says that people cannot buy insurance directly from an insurance company, but must go through an insurance broker or intermediary, who will charge a commission of the percentage required by law.
Extended reading: Things immigrants can't do in the US
1. Make loud noises in public
Almost every friend who has submitted a survey response has mentioned this. Chinese people talking loudly on the phone in public, or talking loudly in restaurants seems to be the most frequently criticized issue, and has even caused Americans to develop a stereotype of Chinese people - talking loudly.
2. Square Dancing in the Park
In New York City, it is almost impossible for Chinese seniors to find a wide-open space for their morning exercise, so they have to choose a small park right next to a residential neighborhood. Nearby, in addition to the Chinese also live a lot of Hispanic workers, many of them are late at night before work, want to sleep comfortably, but also by the 5:00 a.m. morning out of the morning exercise of the Chinese elderly people to disturb, is indeed also understandable.
3. Drying underwear on the balcony
The United States, as one of the most technologically advanced countries in the world, is notorious for the laziness of its people, especially in New York City. Due to the extremely valuable living space in New York City, it is difficult to put down a washing machine at home, and people usually go to the neighborhood laundromat to do their laundry. Plus, most apartments don't have balconies, so people simply dry their clothes in the laundromat before bringing them home. Therefore, it is rare to see people drying their clothes on the balcony or outside the window. As for underwear, Americans believe that it is more of a personal matter and should not be seen by others.
4. Wearing pajamas on the street
Don't ever think that wearing pajamas on the street is just a common phenomenon in China, as many middle-aged and old-aged immigrants living in Chinese communities also maintain this habit. However, the American society is more polarized, and some people feel that this is not a good look, and is detrimental to the image of the city.
5. Communicating in Chinese despite the presence of foreign friends
When you go to a party with more than two Chinese friends, it's common for the Chinese to chat in Chinese while the foreigners, who don't know Chinese, are left out in the cold, feeling very awkward and uncomfortable. Many Chinese, including international students, are not used to the American social scene and will often chat amongst themselves as long as there is a Chinese person next to them, not caring much about the pace of the party. In a party, try to use English to get everyone involved in the conversation.