Lincoln Financial Updates Hybrid Life + LTCI Product MoneyGuard Reserve Plus
Lincoln Financial announced changes this week to MoneyGuard Reserve Plus, their hybrid Life + Long Term Care Insurance product.
Changes Meant to Sustain LTCI
The recent adjustments are to the Enhanced Surrender Value Endorsement (ESVE) and will not affect the core benefits of the policy. The changes will go into effect on August 16, 2013 and will affect policies in all applicable states except New York.
In the official press release, the company described the purpose of the the changes in their press release as one to “ensure the strength and sustainability of its long-term care solution through all market environments”.
The adjustments to the policy[…]
CalPERS Sued Over Long Term Care Insurance Rate Increases
A lawsuit was brought against CalPERS, the California Public Employees’ Retirement System, on Tuesday over the agency’s recent Long Term Care Insurance rate increases.
Retirees Bring Class Action
The class action suit against CalPERS was filed in Los Angeles Superior Court on behalf of more than 100,000 California residents. The lawsuit claims the government agency deliberately deceived consumers who purchased Long Term Care Insurance policies by assuring the premium rates would remain “reasonably priced”.
CalPERS began selling Long Term Care Insurance policies in 1995. Last fall, premium rate increases of 85% were approved for implementation in 2015. CalPERS attributed the need for rate[…]
4 Easy Ways to Stay Active at Work
Americans seem to be more and more over-scheduled every year. 
We cram our calendars full of work and then wonder why we continue to gain so much weight. It isn’t difficult to see the causes, if you pause and take a look. With sedentary lifestyle on the increase and manual labor jobs on the decrease, Americans are moving less each day. Fewer people stay active at work, and life at home isn’t full of physical activity, either. Many people get home from a desk job only to sit down and watch television.[…]
6 Small Diet Changes to Make Now
There are a number of reasons people require Long Term Care. Diseases like Alzheimer’s and Parkinson’s are among the most common. However, other highly preventable conditions, like heart disease and obesity, are also at the top of the list for reasons people need Long Term Care.
Just because you have Long Term Care Insurance doesn’t mean you want to use it. In fact, it would be ideal if you never had to make a Long Term Care claim. One way of avoiding preventable conditions like obesity and cardiovascular disease is by nourishing your body with the right foods.
When most people hear[…]
Link Between Obesity and Long Term Care
More than 1/3 of adults in the United States are considered obese. This staggering number has led to a number of studies regarding obesity and the effects it has on society. The studies found that in middle aged individuals, obesity is a risk factor for predicting future nursing home admission.
In order to understand the huge threat that obesity poses to our nation, we must understand who in the United States is obese and what effects obesity has on our health.
Obesity in Children 
According to the CDC, childhood obesity[…]
5 Tips to Stay Healthy and Avoid Using Your Long Term Care Insurance Policy
You did your research. You compared rates. You purchased a policy. You officially have Long Term Care Insurance. Congratulations on making a sensible investment that protects your health and your assets.
Now what?
Like any insurance policy, the hope is you will never have to use it. Protecting your house from a flood or your car from a wreck may be difficult, but protecting your body from disease is a lot easier than you think!
Follow these steps to stay healthy in your senior years and avoid using that Long Term Care Insurance policy:
1) Get moving
Even a small amount of daily exercise[…]
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