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[…]
More and More Americans are Looking into Long Term Care Insurance: Shouldn’t you?
Recent reports show that there has been a 50% increase in web searches for Long Term Care Insurance the past five years, indicating a huge shift in awareness about the importance of Long Term Care Insurance to any sound, financial and retirement plan. To quote a member of the industry association: “I think people are finally getting the message that planning for the eventual risk of needing long term care is essential.”
The road to get to this stage has been long, though, and there is still a long way to go before all Americans are prepared for their future, long-term[…]
NPR Long Term Care Insurance
Deciding whether to purchase a Long Term Care Insurance policy could be one of the most important choices you ever make for your retirement and your family. Weighing the cost of a policy against the extremely high cost of long-term care services such as nursing homes, assisted-living facilities and in-home care is not easy. A recent feature on NPR Long Term Care Insurance explored the landscape of long-term health care and highlights some of the critical facts and challenges in the area of long-term care. While there are no easy answers, you should begin thinking about your future, long-term care[…]
Genworth Long Term Care Insurance
Genworth Long Term Care Insurance Products
The latest Genworth Long Term Care Insurance product offering is called Genworth Privileged Choice Flex. Privileged Choice Flex may be a perfect fit for many Long Term Care Insurance consumers, but the conventional advice of shopping around is still in play. The fact of the matter is, there are good LTCI products from all of the major blue chip carriers, and we are happy to help compare. Many consumers are unfamiliar with Genworth Life, which traces its roots back to the Life Insurance Company of Virginia in 1871. Their Long Term Care Insurance products roots[…]
Long Term Care Insurance Partnership Plans
How State Long Term Care Insurance Partnership Plans Can Save You Money
How much does it cost?
There is no additional cost for Long Term Care Partnership Benefits. The states require you purchase inflation protection, but that is already part of any good Long Term Care plan already. In California, you are required to purchase $180/day benefit minimum – virtually all other states (except NY/CT/IN/Mass) have no such requirement.
How do I qualify?
Your policy must be a state approved Partnership plan (ask your LTC Tree agent for details) and depending on your age must have either compound or simple inflation protection. This is[…]
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.