Recent Studies Show Americans Uninformed About Long Term Care Insurance
A recent study released by AP portrays a staggering lack of preparedness by Americans age 40 and up in the case of Long Term Care Insurance options.
The Rising Need for Long Term Care
Long Term Care is still one of the least popular insurance policies in the nation; only 1 in 10 seniors currently have Long Term Care Insurance. This statistic is shocking because, according to a government study for people 65 years and above, 1 in 2 Americans and 7 in 10 seniors will need Long Term Care at some point. ![long term[...]
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Long Term Care Insurance Rate Update -Summer 2013
The month of April has brought not only some nice springlike weather (and 2′ of snow in the midwest) but also some Long Term Care Insurance rate surprises as well. Starting around the middle of 2012, rumors began churning in the Long Term Care world that “Gender based pricing” was coming – and that women would be paying more for their Long Term Care Insurance. By April, two companies had released their new pricing: Genworth and John Hancock. The continuing whisper is that the rest of[…]
Long Term Care Insurance policy trends
Long Term Care Insurance policy trends are emerging across the industry. The insurers are recognizing that when it comes to Long Term Care Insurance policy design, one size does not fit all when the personal preferences, financial situation and other factors are taken into account. In order to make smart, retirement-planning decisions with regards to your Long Term Care Insurance policy, you’ll need to know what’s possible but also what will work for you and your family in preparing for you, and your spouse’s, future, long-term care needs.
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Genworth Privileged Choice Flex 2 Changes
Change is Coming to Genworth Long Term Care Insurance
We just received official word that on April 15, 2013, Genworth Financial will be rolling out their new Genworth Privileged Choice Flex 2 Long Term Care Insurance product in virtually all states. This new product will have some major changes and will be the biggest one-time shift in underwriting the Long Term Care Insurance has ever experienced in history. It’s a much needed change to keep the industry healthy for the long-term. After all, the companies need to be financially sound for years to come, so improving internal processes and standards is to be[…]
Long Term Care Insurance Women
Updated February 19, 2013: The Genworth changes were just announced and can be found here.
Genworth announced in November 2012 they will be moving to a new gender based Long Term Care Insurance women based underwriting platform.
This change means they will be charging women around 40% more for the insurance. Single women are expected to get hit the hardest on this new underwriting and pricing change since they are the biggest claim risk to the insurance companies. This change is anticipated to happen with their new product roll out on April 15th, 2013. Women live[…]
Retirement Long Term Care Insurance
A Retirement Long Term Care Insurance policy, what to know.
The city of San Diego is a microcosm for the impending tide of financial insecurity that, in some cases, could be ruinous to older Americans both there and across the country. The Retirement Long Term Care Insurance connection is the solution to hold off this this tide. This tide refers to the wave of people entering retirement who do not have a Long Term Care Insurance policy. Long-term care is care that assist with the basics of daily living when you are unable to care for yourself.
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.