Long Term Care

Tue, 09/29/2015 - 3:29pm
Jumbled multi-colored alphabet in a pile

I have to remind myself when I'm talking to clients that they might not readily understand the LTC lingo I use.  Learning a glossary of words found in standard policies is beneficial.

Here are a few:

Tue, 07/07/2015 - 11:39am
Three generations of Family Smiling Together Outdoors

The Sandwich Generation, as defined by Wikipedia, is a generation of people who care for their aging parents while also supporting their children. Many Americans are finding themselves in this growing generation and struggle with the emotional, financial and time constraints that may arise.  Some adults give up careers or the chance for forward advancement in order to care for their families. Others fight the financial burdens of their children’s education and their...

Wed, 08/28/2013 - 10:32am
Text reads I love a good deal

"Two leading long term care insurance companies have started charging single women between 40 and 60 percent more than single men and two more insurers are poised to launch their new products with sex distinct pricing," declares Jesse Slome, executive director of the national long term care insurance industry trade group.

Fri, 06/07/2013 - 3:02pm
Text reads I love a good deal

I have seen more changes in the long term care insurance market in the last year than in over the 14 years I've been selling it!  A major change is that we now have gender-specific ratings.  Why?  because women utilitze care more than men!  Two carriers have already raised rates on new applications for single women 24-40% higher than men for the same coverage.  Buy now, while there are still a few carriers left that have not implemented this change.

Mon, 05/13/2013 - 1:25pm
Female nurse sitting with elderly woman outdoors

We're seeing that women face a significant risk of needing care for an extended period as they age.  Actually, statistics show that women receive 66% of all long term care benefits paid by insurance companies.  That is why we now are seeing "gender specific" ratings for those who choose to purchase LTC insurance.  Planning to live a long life is important to everyone, and especially for women.


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