Long term care insurance study shows heightened need for coverage planning

Long Term Care Insurance Research

A report from the AALTCI has shown that education is required when planning for options later in life. The American Association for Long Term Care Insurance (AALTCI) has just released the results of a national study that has identified and underlined the tremendous toll that is being taken by the overwhelming majority of adults who are providing the care services for an aging spouse or parent. Every year, these individuals are providing billions of dollars worth of services, completely unpaid. The director of the national trade group for the long…

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Long term care insurance not a high priority for many in the US

Long Term Care Insurance

New research has shown that the coverage and other preparations for LTC is not a top concern. According to the results of a new poll, which looked into the way that people aged 40 and higher are making preparations for their future aging needs, the trend is that few are making a high priority of taking out long term care insurance and making other preparations to pay for the costly assistance that they may one day need. Two thirds of the participants in the study said that they had planned…

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Long term care insurance becoming harder for women to buy

Long Term Care insurance for women

While some insurers aren’t selling the policies at all anymore, others are hiking their rates skywards. Long term care insurance is becoming much more of a struggle to purchase, particularly for women, as many insurers have been withdrawing from this sector, and those that have stayed in the game have been driving their rates up to the point that some customers are now paying as much as 40 percent more. This industry is, in some ways, facing the opposite effect that has been seen in the life coverage sector. Life…

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Long term care insurance study identifies women’s coverage concerns

Long Term Care Insurance Industry

Research conducted by a Milwaukee insurer has identified a number of enlightening facts. The results of a long term care insurance study performed by Northwestern Mutual Life have shown that while women seem to have a greater understanding than their male counterparts regarding the options and resources that are available to a person who requires assisted living services, they are also notably less likely to purchase the necessary coverage to shelter them from those risks. The insurer released its findings in time for the awareness month for this form of…

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Long term care insurance requires some significant changes to boost its caring

Long Term Care Insurance cost for women gender

The Kaiser Family Foundation has released an article making suggestions to change the sector. In an article entitled “Putting The ‘Care’ Into Long Term Care Insurance”, the Kaiser Family Foundation posted on its news site that the sector of coverage is creating too much of a struggle for those it covers, and that changes need to be made in order to resolve these issues. According to the organization, the coverage has a lot to offer, but it is still very hard on its customers. As a lead in to its…

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