My Comments: This comes to me from a trusted source in California, a man who for many years has run an insurance agency with a focus on providing clients with good and effective Long Term Care insurance. As my clients age, and those who seek me out tend to be older, questions about long term …
Tag: long term care insurance
5 Predictions for the Long Term Care Insurance Industry in 2014
My Comments: This is again one of the most difficult topics facing any of us who hold ourselves out as financial professional. But with the baby boomers aging, and medical science keeping us alive longer and longer, it’s a topic that will not go away. There is a statistical reality that is impossible to ignore. …
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3 Approaches to Long-Term Care
My Comments: Yestersday my post declared that the cost of what we call Long Term Care will go up for women in 2014. This is because there are more and more people reaching the age where bad things start to happen. The law of supply and demand says that when the demand increases, more people …
Long Term Care Insurance Rates for Women Will Go up in 2014
My Comments: This has always proved to be a difficult conversation with clients. When they are relatively young, the topic is far away unless they have a parent with issues. And then the money has to be reserved for their care. And when you reach my age, there is still a strong denial that you …
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Long Term Care Thought for the Week
My Thoughts: Last evening, I attended a meeting where the presenter talked about Long Term Care and how it, or the lack of it, will have critical implications for families going forward. Fifty years ago, the issue was resolved by the elderly when they simply assumed their children would take care of them. Today, with …
Thought for the Week
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 …
Lost
My Comments: I’ve been a licensed insurance agent since sometime in 1976, or was it 1975? I have helped place hundreds, if not thousands, of insurance contracts over these many years, some of which I know are still in force. This article is directed toward those who are dealing with elderly parents, some of whom …
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 …
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:
"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale." Zig Ziglar So I asked my clients, "which would you prefer; a plan that has a 70% chance of success or one that has a 90% chance of success?" We had been discussing how to …
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