Long-Term Care Insurance
Long-Term Care Insurance: Pros, Cons and Why It Matters
Key Points Long-term care insurance costs can be managed by adjusting your daily benefit levels. Costs vary by location, so it’s best to get local estimates and determine what benefits you may need. New hybrid insurance products can help you or your family benefit from the policy regardless of whether you use the long-term care coverage or not. Lon...Read More
What's New with Long-Term Care Insurance?
Think you know the ins and outs of long-term care insurance? Think again. Due to a number of factors, including decades of generous underwriting and the current, lingering low interest rate environment, the long-term care, or LTC, insurance industry finds itself in the midst of a historic contraction, with both demand and the playing field shrinkin...Read More
Alternatives to Long-Term Care Insurance
Feeling priced out of the long-term care insurance market these days? You're not alone. According to figures from Genworth Financial, the sales of long-term care, or LTC, insurance plummeted 32 percent between 2005 and 2009. This is in part due to premium hikes that reflect increasing claims on existing policies and the potential impact o...Read More
How To Avoid Long-Term Care Insurance Scams
As long-term care insurance rates catapult and policy benefits plunge, many aging Americans who thought they had good coverage are discovering just the opposite. On top of that, some consumers are losing thousands of dollars each year to fraud. That's what victims of four Pennsylvania men believed to have scammed dozens of seniors out of premi...Read More