Confusion from Journalists on Fidelity’s 2008 Long Term Care Insurance Advice Could Leave Retirees in Jeapardy
September 9, 2008
While Fidelity Investment’s 2008 Long Term Care Insurance planning report affirmed the need for insurance, some writers confuse the cost for aggregated INSURANCE PREMIUMS (less costly) with the cost for ACTUAL CARE (much more costly).
This error misleads readers into massively underestimating actual, real-world, care costs. [Read more]
After age 60, nearly one in four are refused long term care insurance
July 14, 2008
Long term care insurance to cover expenses for long-term disabilities is a smart thing to buy, of course. After all, nobody among us has a crystal ball, do they? And even the healthiest people become frail with advancing age.
But when to buy this insurance? [Read more]
Technorati Tags: Long term care insurance
Long Term Care - A Health-Centric Insurance Product
June 15, 2008
PRNewswire/ - Baby boomers and senior boomers are bombarded with sales pitches about their futures, their retirement and getting old. “But don’t let whirlwind messages and slick marketing put you on the fast track to a bad decision,” [Read more]
* Massachusetts - Long Term Care Insurance A Must?
March 21, 2008
Ah, that wacky state of Massachusetts. First it requires all its residents to get health insurance, and now Senator Richard Moore wants to do same for long term care insurance! Can a stroke of a pen solve the looming LTC problem? Can a state really make it illegal to not have insurance?
[Read more]
Genworth’s Looming Rate Increases - A Sign of the Times?
August 7, 2007
Genworth Financial has been a solid player in the Long Term Care insurance arena for many, many years now. The company is well diversified, offers decent products, is financially strong and its annual earnings are up. So, why does Genworth feel the need to raise rates on older policies and jeopardize seniors who have faithfully paid their long term care insurance premiums all these years?
Congress Scrutinizes Long Term Care Insurance
May 26, 2007
Conseco and Penn Treaty Long Term Care insurance companies must be biting their nails to the quick, as the House Committee on Energy and Commerce breathe down their necks and the General Accountability Office closes in.
* Obama, Clinton - Spotlight on Long Term Care Insurance Industry
May 14, 2007
In April 2007, Senators Barack Obama and Hillary Clinton requested that our Government Accountability Office examine the long term care insurance industry’s track-record for claims, premium increases and those increases’ relation to LTCi policy lapses. Will they find dirt under the rug?
Genworth Cornerstone - Advantage… or Disadvantage?
May 5, 2007
Genworth is promoting it’s new long term care insurance product, Cornerstone Advantage, as an affordable LTCi solution. In today’s market, there is only one way for an insurance company to offer lower priced long term care insurance coverage - and this is to cut their costs! But how is Genworth doing it?
The Truth About Long Term Care insurance??? Not.
March 20, 2007
You sometimes hear a journalist talking about long term and elder care. Sometimes they’re right, sometimes they’re wrong.
* Smoking, Investing and Long Term Care Insurance
March 14, 2007
It is always prudent to use a specialist when you are researching and purchasing long term care insurance. LTCi can be confusing and products can vary by state. In order to make a bit more money, some financial planners have become licensed to sell long term care insurance. But being licensed to do so does not necessarily make one an expert. I finally found an article on a financial weblog where the author admits to being clueless…
