A 55-year-old male should expect to pay around $5,300 annually for an average linked-benefit long-term care insurance policy according to the just-published Price Index. The first price analysis comparing leading linked-benefit insurance costs and benefits was recently published by the American Association for Long-Term Care Insurance. “Linked-benefit long-term care insurance combines the benefits of a life insurance policy with a rider that can provide long-term care benefits,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance. “These policies now outsell traditional long-term care insurance making it time for us to…
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Allstate expands critical illness insurance into Canadian employer market
The insurer has now broadened the reach of this product to help employers to offer added benefits. Allstate Benefits, the top voluntary benefits provider in the United States, has now expanded into Canada to give employers a new way to offer critical illness insurance products and services to their employees. This coverage is meant to enhance the health care services that are already available to all Canadians. According to the Canadian Cancer Society, there will have been almost 197,000 new cases of cancer in the country by the end of…
Read MoreCritical illness insurance coverage to expand in China
The country intends to broaden its current protection to include rural and urban residents by the end of 2015. China now has intentions to expand its critical illness insurance to the point that it will include all types of diseases within that category, and it will apply to residents of both rural and urban areas. The goal in the country is to have this new wider insurance coverage in place by the end of the year. The government recently made this official announcement and stated that the expansion of critical…
Read MoreChina to expand its expansive health insurance plan
Expansion will provide coverage for those with critical illnesses China has plans to expand its health insurance system in order to provide better coverage to those with critical illnesses that are living in rural and urban areas. By the end of the year, all those living in these areas will receive critical illness protection from the country’s health insurance system. At the end of last year, approximately 1.3 billion people were enrolled into the national system, which has provided these people will access to medical care. New plan will help…
Read MoreCritical illness insurance receiving growing attention across the country
Consumers are discovering that their standard health benefits are not always providing enough. The latest data from the American Association of Critical Illness has shown that among the 1.5 million people in the United States who will declare bankruptcy at 2013, 60 percent of them will have done so out of a lack of ability to cover their medical bills – a situation which could have been prevented in many cases through supplementary critical illness insurance. This circumstance has increased by 50 percent over the span of the last six…
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