Tag: long term care policy

Younger consumers are buying – and benefitting from – long term care coverage

Julie Campbell
Building Insurance Costs

Linked long term care coverage is starting to appeal to a younger audience due to claims with large payouts. In order to maintain coverage against the high costs of long term care, a growing number of national insurers are now offering a combination product that includes life insurance with the option for LTC benefits. This information was drawn from the 2012 Buyer Study, which was performed by the national trade group, the American Association for Long-Term Care Insurance. These products that offer linked benefits (also known as combination policies) are…

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Is the end approaching for long term care insurance?

H. Cutner
Long Term Care Insurance

Recently, those in the insurance industry have started to look into the future of long-term care (LTC) insurance and the possibility that its own future may not be as long as it could be, especially as one insurer after the next steps its way out of that particular sector. Throughout the last three years alone, MetLife, Guardian, Unim Group, and Allianz, have all backed out of the LTC business. Similarly, in March, Prudential stated that it would no longer be issuing individual policies for that form of insurance. The primary…

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Is it time to think about long term care insurance

Nordstrom

Among all of the different kinds of insurance given priority among Americans, long term care (LTC) insurance rarely makes the top of the list, but that doesn’t mean that it isn’t something that can offer great benefit. It is important to understand LTC insurance before buying a policy or failing to do so. While you speak with your insurance agent about your portfolio, it may be wise to consider LTC if it is something that he or she has recommended. All too many families have found themselves facing severe financial…

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Unique options for the U.S. long term care situation

H. Cutner

With medical care costs still skyrocketing, many older adults are concerned about whether they need to have long-term care insurance (LTCI). This insurance was created to cover “long-term” type care that would not be covered by Medicare or other regular health insurance policies. There are affordable LTCI plans, and there are other options you should know about as well.  In the state of the economy, people are wondering if they really need to continue to pay for insurance that may, or may not be needed as they get older. Long-term…

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