I’m sharing below a concise Bloomberg summary of how long term care insurance has been dragging General Electric Company. Coincidentally, this week I met with a client facing a LTC premium increase from $3902 to $5248 annually. Her long term care insurance company did offer some reduced benefit options but no guarantee premiums won’t be […]
Recently I was involved on a case where adult children, as part of their financial planning, explored the purchase of long term care protection on their parents. (Of course, the parents had to consent, and qualify medically.) The rationale was this: the adult children and spouses understand that 40% of women, and 37% of men, […]
Annuities, long-term care insurance or a hybrid life insurance / LTC rider are better options than trying to go-it-alone.
Your personalized Plan Design will reflect four important selections: Amount. The maximum daily or monthly benefit. (Choose monthly. ) Period. The number of days or months the benefit will apply. (Maximum ten years.) Inflation Protection. Elimination Period. The amount of time you will wait after eligibility and before benefits are paid. Listed below are the ten […]