My Comments: I have a relationship with a company in San Diego that is my source for new ideaa and products that fall into the category of Long Term Care and other insurance products that are appropriate for many of my clients. Each week I get an email from them with a Thought of the …
Category: Long-term Care
Changes Coming in Long Term Care Insurance
We have been hearing that the leading LTC (long term care) insurers have all filed or will soon be filing for sex distinct rates. Up until now, there has been no distinction in the pricing of contracts between male and female. Some companies offered discounts when husband and wife both bought a policy which was …
Thought for the Week
Here we are at the end of the year and that means it’s almost time for NEW YEARS RESOLUTIONS! For me, these are always things I’ve been putting off and this is an opportunity to force myself to act! Unfortunately, after a while, they become depressing, since for the past several decades, I’ve never been …
55 Billion Reasons for Consumer-Driven Care
My Comments: While the election is over, and ObamaCare will not be repealed, there is still massive confusion and misunderstanding by all parties about what it all means for you and me as consumers of health care, and the doctors who look after us. Surveys suggest that doctors are very fearful that what had been …
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Cost of Long-Term Care Insurance Keeps Rising
My Comments: Did you know that, according to the 2012 AALTCI Source Book, 69% of 65-year-old clients who own Long Term Care insurance (LTCi) will make a claim? That is a risk so high that it could almost be considered an inevitability. And yet advisors like myself are reluctant to talk about this with clients …
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Thought for the Week
When I first started in financial services in 1975, I was hired by a company called American National to sell life and health insurance policies. I was able to earn a living and discovered that not having a regular paycheck was survivable. And fortunately, my wife chose to tough it out with me. Over the …
The Medicaid Problem Grows and a (Partial) Solution Emerges
My Comments: I ran across this article a few weeks ago. With the headline recently that Governor Scott was not going to comply with the directives toward the states and Medicaid, I thought it might be helpful to have a better understanding of the implications. The idea presented below is not a full answer, but …
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Long-term-care Insurance May Go Way of the Dinosaur
My Comment: Long Term Care insurance is one of those topics agents like myself find difficult to deal with. I learned years ago to talk about life insurance in spite of the fact that the very idea repelled most people. After all, none of want to volunatarily deal with death, much less our own. But …
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How Ready Are You for Long-Term Care?
My comment: Long Term Care is one of those issues that most of us simply want to go away. It’s painful to think about, painful to pay for, and therefore, painful to plan for. Only it’s not going away; as our population ages, and medical advances appear, more and more of us live to a …
Insurers Pair Long-Term Care With Life Insurance To Entice Buyers
As an opinionated financial planner who considers himself almost an expert on insurance and long term care, I take exception to a few of the assertions in this article. However, my purpose in reposting it here is to trigger questions that anyone planning for retirement should ask. And even those already retired. Keep in mind …
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Helping Define Your Financial Future 