Older Long-term Care Insurance Policies

There are many ways to pay for the cost of long-term care. One option is to purchase a long-term care insurance policy. Many people looked ahead and purchased long-term care insurance policies years ago, and they may be concerned about coverage under those older policies. Oast & Hook recently...

Efficient Funding of Long-term Care Insurance

Over the next 20 years, the number of Americans age 65 years and older will more than double to 71 million, comprising roughly 20% of the U.S. population. Greater longevity among the Baby Boom generation will also contribute to increased demand for long-term care services; those surviving to age 65 years...

Long-Term Care Insurance Industry Shakeout

Those considering long-term care insurance should be aware of recent several changes in the long-term care insurance industry. Guardian stopped offering the insurance as of December 31, 2011, and Prudential will no longer be offering individual coverage after March, 2012. MetLife exited the market at...

Long Term Care Insurance May Become a Thing of the Past

It seems that the insurance companies really boggled it when it came to pricing out long term care insurance policies. Long term care policies have been hit by a triple whammy - historically low interest rates, policy holders living longer, and policy holders not dropping coverage at the rates the insurance...

Long-Term Care Partnership Policies - Watch Out for Expanded Medicaid Estate Recovery

The Raleigh News & Observer recently commented on the surging insurance rates for long-term care insurance (LTCI) policies in North Carolina, the article for which can be read here . Yet it seems that an increased prevalence of premium hikes isn't the biggest concern that LTCI policyholders in...