Category: Long-Term Care Insurance

If you decide to purchase a long term care insurance policy, you don’t want to make a rash decision that could put you in a bad position in the future. Your goal is to find the best policy from the best company, ensuring that you get the benefits you deserve. There are many factors to […]

We’re used to everyone paying the same price for the identical product, regardless of gender. However, in some cases, insurers are allowed to charge different prices based on characteristics such as age, health and gender. With long-term care policies, women tend to pay more than men. The reason for that is simple. Statistically, women live […]

There are many benefits of a long term care insurance policy, including the peace of mind that comes along with the financial security. But what happens if your long term care coverage increases in cost? If this happens, it is important to understand two things: — Why the increase occurred. — Your options for dealing […]

Long term care is not something most people want to think about. However, consider this statistic shared by Fidelity: Approximately 12 million Americans require some type of long term care every year. With this in mind, it would be in your best interest to consider your options for long term care. You hope you never […]

If you are considering the idea of purchasing a long term care insurance policy, it is easy to become confused. Unfortunately, some people find themselves so confused that they shy away from moving forward with a purchase. Below are several long term care insurance misconceptions that have stopped others from buying a policy at the […]

We’ve previously discussed the many benefits of having a long-term care insurance policy to help cover the ever-increasing costs of nursing home, assisted living and in-home care that many people require in their later years. Approximately 70% of people who live to 65 and older will need long-term care. Although a LTC policy doesn’t make […]

As we’ve discussed before, many people resist getting long-term care insurance to help cover nursing home, assisted living and home care expenses when they get older, in part because of the expense. They don’t want to pay for care they may never need, that they believe their savings, Medicare and Social Security benefits will cover […]

Can you be denied long-term care insurance because of any medications that you are taking? According to one insurer, you can. However, one applicant and some of his supporters are arguing otherwise. A Massachusetts man as well as the Gay & Lesbian Advocates & Defenders are accusing insurance company Mutual of Omaha of denying benefits […]

Americans who purchase long-term care insurance pay premiums for years and often decades in the expectation that a significant portion of their costs for assisted living, nursing and in-home care will be covered in their later years. Therefore, it’s understandably concerning that Genworth Financial is facing a family battle of sorts with two recently-filed lawsuits […]

It is one thing to say that you are interested in buying a long term care insurance policy. It is another thing entirely to compare your options and make a final decision that will benefit you. Selecting the right long term care insurance policy starts with learning more about this type of coverage. From there, […]