Regardless of an assisted living community's fee structure, when choosing a senior living residence, it is important to consider the quality of care, how the resident adapts to the new environment and the long-term affordability of the community.
When a bond is issued at a premium, that means that the bond is sold for an amount greater than the bond's face value. This generally means that the bond's contract rate is greater than the market rate.
That's because the premiums paid each month to the insurance company are usually invested in the bond market. When rates dropped, the insurance companies had to raise premiums for policy holders to make up for the declines in the bond market, Garland added. Remember, rising rates is bad for bonds.