Long-term care insurance premiums are rising as benefits are reduced

Long-term care insurance - Form

Approximately 70 percent of Americans will require LTC of some form in their lifetimes. Purchasing long-term care insurance is a daunting task for many Americans, who are finding policies increasingly difficult to afford, while they watch the benefits shrinking despite the rising cost. Many Americans find themselves frustrated and overwhelmed when trying to find affordable policies. This particular issue isn’t quite new to the long-term care insurance industry. Prices have been rising for several years while insurers cut back on what the provide in their policies. The reason is primarily…

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Long term care insurance becoming harder for women to buy

Long Term Care insurance for women

While some insurers aren’t selling the policies at all anymore, others are hiking their rates skywards. Long term care insurance is becoming much more of a struggle to purchase, particularly for women, as many insurers have been withdrawing from this sector, and those that have stayed in the game have been driving their rates up to the point that some customers are now paying as much as 40 percent more. This industry is, in some ways, facing the opposite effect that has been seen in the life coverage sector. Life…

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