Long-Term Care Insurance
Found 67 Articles.
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Multiplying the Money Available for Long-Term Care
Traditional long-term care insurance might be dying, but there are other, and probably better, ways to protect your family and assets from the potentially onerous costs of long-term care. In 2017, only 66,000 traditional long-term care (LTC policies) were sold. That’s 10% of the number sold 20 years earlier. Steep premium increases on existing policies […]
The Family Caregiver Planning Guide
Many estate plans fail, and often not because of any flaws in the documents or the plans. Estate plan failures frequently occur in the implementation and execution. Especially important are actions taken by others, often your children. They’re likely to be the ones putting key parts of the plan into action, not you. To ensure […]
Long-Term Care Insurance Premiums Decline
After years of steady increases, premiums on traditional long-term care insurance policies declined in 2017, according to the American Association for Long-Term Care Insurance. A couple in their 60s today can expect to pay $3,490 annually for policies that will pay $666,000 in benefits at age 85. According to the 2018 LTC Price Index, the […]
7 Ways to Compare Long-Term Care Insurance
I’ve found that long-term care is, without question, one of the most difficult aspects to handle in retirement planning. In Part 1 of our LTC piece last week, we covered some of the basics of long-term care, such as costs, elimination periods, and types of payouts. In today’s story, we’ll “cut through the sales talk” […]
Long-Term Care Insurance in Review
This article explores the brief history of private long-term care insurance in the U.S. You’ll learn how the number of insurers offering the policies has diminished, and in response fewer consumer are buying the policies. LTC carriers have traditionally been relatively small subsidiaries of large life insurers, many of them publicly traded. And shareholders are […]
Insurance Solutions to Retirement’s Long-Term Care Question
Long-term care expenses are one of the great retirement fears. For many people, the cost and uncertainty of long-term care are only one reason for the anxiety. Even more anxiety is triggered by trying to sort through the options to fund potential long-term care expenses. Comparing the choices baffles even many financially savvy people and […]
Solving the Long-Term Care Conundrum
Long-term care expenses are one of the great retirement fears. For many people, the cost and uncertainty of long-term care are only one reason for the anxiety. Even more anxiety is triggered by trying to sort through the options to fund potential long-term care expenses. Comparing the choices baffles even many financially savvy people and […]
Long-Term Care Insurance Premiums Rise Again
This article reviews the latest survey of the market. It finds that premiums are rising (no surprise) and that more and more of those over age 50 aren’t purchasing because they believe the premiums are too high. But this tells only part of the picture. Many people are buying the hybrid annuities or life insurance […]
