Long term care insurance as a combination with life coverage

New York Homeowners Insurance Rules

Do these two products mix effectively and will they benefit you? As the price of long term care insurance continues to rise, increasing by double digits each year, a number of families are beginning to seek out alternatives, which commonly includes a combination of life policies with the benefits of their LTC coverage. However, the policyholders for these combination products are now also facing notable increases. This fact, as well as the shrinking benefits that will be occurring over the next few months are causing many families to wonder whether…

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Chronically ill patients can receive patient for life insurance from The Hartford

Chronically ill clients of The Hartford can now benefit from a new patient for life insurance system that has been awarded to the insurer, to advance the death benefit of a policy in order to offer those patients an income. For the first time in the insurance industry, consumers will be able to obtain an income from the LifeAccess Accelerated Benefit Rider® system, which provides chronically ill patients with an income that they can use for whatever they want, including paying family or friends to provide them with home care.…

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