Tag: Long Term Care Insurance

Long term care insurance is undergoing some important changes

Julie Campbell
Long Term Care Insurance

These alterations reflect the desire of insurers to tighten their belts. As the American population gets older, the long term care insurance industry is facing a number of struggles in terms of the expenses that it is facing. Some insurers have withdrawn from that sector altogether. Other long term care insurance companies have been holding off on the sales of the policies that offer the most generous benefits, while they cinch their underwriting efforts. Almost all of them are increasing the premiums that are paid on the policies that already…

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Long term care insurance is often misunderstood, leading to poor choices

Too good to be true life insurance

Consumers make the right policy purchasing decisions when they understand the coverage. Misunderstandings regarding long term care insurance are widespread and growing and are currently causing consumers to make choices that aren’t in their best interest in terms of the financial protection needs of themselves and their families. The biggest mistake made is that people wait too long to purchase their coverage. The best time to look into purchasing long term care insurance is before a physical or mental condition has been diagnosed, which will lead you to require assistance…

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Long term care insurance buying tips and tricks

Julie Campbell
Long Term Care Insurance

Acting Commissioner Ken Kobylowski has released advice for consumers to follow. In a news release from the New Jersey Department of Banking and Insurance, Acting Commissioner Ken Kobylowsky has provided a list of long term care insurance shopping tips to help consumers to make more informed and appropriate decisions regarding their own coverage needs. According to the HHS, 21 million people over 65 years old will need these services in their lifetimes. The United States Department of Health and Human Services (HHS) has reported that their data indicates that over…

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Long term care insurance rates are on the rise

Julie Campbell
Health insurance plan

Prices are increasing for new policies in both individual and group plans. Experts in the coverage industry are now saying that the price of a long term care insurance policy is currently on the way up. The risk is that it may cause them to become cost prohibitive for the middle class The price increases for new policies of long term care insurance aren’t climbing only in individual coverage, but many group policies are also on the rise. In fact, when compared to five years ago, there has been an…

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Life insurance sales increase alongside growth in critical illness sector

life insurance

The rapid growth in one has renewed interest that had been fading in the other. The current explosive growth of critical illness policies is creating a renewal in the interest that consumers have for permanent life insurance. Though the reasons for this are multidimensional, they also make a great deal of sense. Even though these products don’t appear to have much to do with one another, they are linked by certain events and circumstances that can make them both appealing to consumers at the same time. For example, as employers…

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