Live Insurance News

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

September 3, 2012April 30, 2013

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…

Long term care insurance buying tips and tricks

August 25, 2012August 26, 2012 Julie Campbell

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…

Long term care insurance most common claim is Alzheimer’s disease

July 24, 2012July 23, 2012 Julie Campbell

This form of dementia causes a significant percentage of LTC nursing home claims. According to an American Association for Long Term Care Insurance report, the leading cause of nursing home claims paid for by this type of coverage is Alzheimer’s disease. Just over one quarter of LTC insurance claims are the result of the mental illness. Data from the Alzheimer’s Association has shown that at the moment, there are 5.4 million people in the United States with the condition, and that one out of every eight older Americans has it.…

Long term care purchased at the right time can bring discounts

July 20, 2012April 30, 2013

A recent study shows that policies bought before retiring are more affordable. New long term care insurance research is showing that almost 40 percent of the survey’s respondents made payments of less than $1,499 per year, helping to dispel the myth that this coverage must be expensive. There are many ways to save on this type of policy in order to make it more affordable. According to the American Association for Long Term Care Insurance executive director, Jesse Slome, “One of the biggest misconceptions is that long term care insurance…

Decrease your risk of needing to use long term care insurance

July 14, 2012 H. Cutner

Though coverage remains important, it is still better not to have to make a claim. Long term care is a vital coverage for many people to have in case they should ever be injured or become ill, requiring medical services and assistance that would otherwise be financially burdensome or crippling, but it doesn’t mean that you’ll want to make a claim just because you’re covered. As much as it is a good protection to have, it is still best to take care not to have to use it. For one…