Category: Long-Term Care Insurance

Long-term care refers to the help or care that people with chronic and debilitating illnesses and other conditions need on a daily basis—over a rather lengthy period. Long-term care ranges from assistance with simple activities (such as bathing, dressing, and eating) to much more high-level skilled care that nurses, therapists or other professionals provide. Long-term […]

When planning for retirement, there is much more to do than simply meeting your goals for investing. You need to also consider the various financial pitfalls that could take a serious toll on your retirement savings. There are several insurance policies that can help you avoid potential problems with your retirement funding. These policies can […]

Long-term care insurance is something that many people avoid thinking about until they get older. The longer you wait to make your purchase, though, the more expensive it will be. However, according to some experts, there are tips for making it more affordable. — According for one independent insurance agency president, 50 is about the […]

Fidelity Benefits Consulting estimates are wreaking havoc on what many couples thought they would need to have in savings at retirement. The new estimates are $15,000 higher just in medical costs alone, and that may be underestimating the real costs that many couples will face. In order for a typical 65-year-old couple to pay for […]

The cost of long-term care insurance is often one of the things that keep people from making this important investment. However, according to one financial expert, there are some tax-friendly ways that can help you save money for long-term insurance. — Deduct the premiums for long-term care insurance as a medical expense. Part of the […]

When an injury or illness makes you unable to continue working, you may file for long-term disability benefits. What happens, though, if those benefits are terminated because the insurance provider says you are no longer disabled? One man’s answer is to file a lawsuit against the insurance company to have the benefits reinstated. The man, […]

Buying any type of insurance these days can be a major endeavor. Simply finding an insurance plan that is affordable and meets all your needs seems like an impossible task – though we know those plans do exist. When consumers are faced with a daunting amount of information, technical jargon and numerous products to compare, […]

There is no denying the fact that you may need to purchase long term insurance at some point in the near future. Furthermore, it’s best to do this when you are relatively young and healthy, as it will save you quite a bit of money. Before you make a purchase, however, there are several questions […]

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According to U.S. News and World Report, only 100,000 traditional long-term care insurance policies were sold in 2015, compared to 700,000 in 2000.

People aren’t buying long term care insurance policies for many valid reasons, but the increasing cost is the most common. However, 9 million Americans over the age of 65 needed assistance in 2012. That number is expected to grow to 12 million in 2020.

  There’s wisdom in creating safeguards and safety nets that can catch you in the event of an unexpected fall—literally or figuratively. Long-term care insurance is one of the many safety nets that prudent people purchase to prepare for unexpected tribulations in life. There is no right or wrong as to whether to purchase a […]