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Why You May Not Be Able to Buy Long Term Care Insurance

By |March 22, 2022|Categories: Insurance Industry, Retirement Planning|

Insurers Are Increasingly Saying “No Thanks” To Buyers 


What Long Term Care Insurance Used To Be Like

It was spring of 1999 and I was a rookie Long Term Care Insurance agent for one of the major companies. I worked for an aggressive agency in Atlanta that really pushed hard to get marginal cases approved. That spring, I was hungry for a sale as I’d spent the first six months working for free, called the “pre-agent” process. This was a time where you were[…]

Why Retirement Plans Don’t Save You From Long Term Care

By |August 9, 2017|Categories: Advice, Benefits, Buying Tips, Insurance Industry|

Many people believe that having a retirement plan in place will keep you financially afloat post-retirement. However, even with a substantial amount of money in a retirement account it is always better to have a long term care policy in place.

Having a long term care policy will not only protect you and your finances but also grant you and your family relief from the uncertainty of your future medical care.

You have a 70% of needing some type of long term care service at some point in your life, according to the United[…]

Morningstar: Hybrid Policies Can Have Significant Drawbacks

By |September 5, 2014|Categories: Advice, Insurance Industry|

The high cost of Long Term Care is an expense that nearly 1 in 2 people will encounter sometime during their lifetime.  Given the high odds and family experiences of many baby boomers, there is tremendous interest in Long Term Care Insurance.  In the past several years, insurance companies have rushed out products called “hybrids” that mix long term care benefit payments with life insurance or annuity options.  The result is a guaranteed premium, often made upfront, and usually return of premium if the policy is unused.  The initial appeal of this approach is obvious.

This week, morning star digs in[…]

Will Your Health Hold You Back from Long Term Care Insurance?

By |June 30, 2014|Categories: Advice, Buying Tips, Insurance Industry, Retirement Planning|Tags: , , , |

Planning for our future health isn’t exactly exciting; few people want to think about themselves as old and frail, but it is the reality that we must face. The older we get, the greater the chances that we will need help with daily activities like dressing, eating, and bathing. The risk of frailty, illness, and disease all increase as we age and planning for the cost of these potential situations is a critical part of planning for retirement.

Health Qualification

Long Term Care Insurance can help you cover the cost of care and protect your assets from the bill. To improve your[…]

California Encourages Long Term Care Preparation with Partnership Policies

By |June 10, 2014|Categories: Buying Tips, Government, Insurance Industry, Retirement Planning, States|Tags: , , |

Planning for long term care isn’t as simple as setting money aside and being done with it, especially in states where care costs more than the national average. California is one of those states and residents can benefit significantly from taking the time to prepare for long term care costs in advance. The California Partnership for Long-Term Care provides a way to help Californians plan for the expenses associated with long term care without breaking the bank.

Long Term Care Expenses

The California Medi-Cal system currently pays for the majority of long term care facility expenses throughout the state. With the “Silver[…]

Sales of Hybrid Long Term Care Insurance Policies Hit Record High

By |June 4, 2014|Categories: Breaking News, Buying Tips, Insurance Industry, Retirement Planning|Tags: , , |

More Americans are turning towards hybrid Long Term Care Insurance solutions to help them plan for long term care, according to a recent review conducted by LIMRA. Individual hybrid life and Long Term Care Insurance policies have seen huge growth in the past few years.

Hybrid Sales on the Rise

LIMRA released the results of their 2014 Individual Life Combination Products Annual Review and they revealed a substantial rise in the sale of hybrid Long Term Care Insurance and life insurance products. In 2013, sales of hybrid policies grew 12%, marking the 5th consecutive year of double-digit growth. Total new premiums for combination,[…]