Live Insurance News

Long term care insurance hikes on the way for thousands

December 22, 2012April 30, 2013

Many consumers may soon discover that they will be paying more for their coverage. Thousands of consumers are beginning to discover that there are considerable increases to long term care insurance rates that are being implemented at the moment and that are scheduled for the near future. Many are afraid that this may make the coverage cost prohibitive and are afraid they may have to cancel. The long term care insurance industry has already been facing challenges in terms of its costs and in keeping its policyholders. Now, even many…

Long term care insurance costs are higher for women

November 26, 2012November 24, 2012 H. Cutner

Female policyholders typically generate higher expenses, meaning premiums could rise. A long term care insurance policy has never been an inexpensive product, but as data continues to show that women bring in much greater expenses on their plans, it could mean that premiums are about to change. This could mean that the coverage may become much more costly for female consumers. Until now, long term care insurance companies have been charging the same premiums to their clients, regardless of their gender. These plans help policyholders to pay for the cost…

Health care reforms haven’t eliminated LTC struggles

November 26, 2012April 30, 2013

Problems with long term care costs are one riddle that remains unsolved by the federal overhaul. Although the health care reforms of 2010 were designed to help to make coverage and care affordable and available to all Americans, the insurance news issue of long term care insurance and the rising expenses associated with it is not among the problems being dealt with by the changed laws. The question of how to pay for LTC costs is still nagging the country and its aging population. The health care reforms were designed…

Long term care insurance study identifies women’s coverage concerns

November 17, 2012November 15, 2012 H. Cutner

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…

Long term care insurance policies are evolving for greater choice

November 14, 2012April 30, 2013

The most recent offerings in this sector are including a larger number of options for consumers. Long term care insurance companies have been observing an increasing trend of skyrocketing costs as their policyholders are living longer and are using more services such as assisted living facilities and nursing homes. The value in this type of policy is in the fact that it covers these extremely expensive services. However, because policyholders are generating far greater expenses than had been predicted, the long term care insurance industry is being faced with massive…