Complaints About Guarantee Trust Life Insurance Co
Today there was an article in the Des Moines Register about how Iowans (like all Americans) are facing more and more problems with some of their long term care insurance policies. Ususally, these policies were purchased years ago, before much of the current model legislation from the NAIC was enacted. In other words, these policies were night and day different from today’s policies. Guarantee Trust Life Insurance Company in particular has a specific complaint from one of the readers:
“Recently we talked with Michael Niday, a 57-year-old bricklayer who lives in Carlisle. Four years ago, he and his[…]
LTC Tree Long Term Care Insurance Q & A with Client
Client’s long term care insurance questions
1. What kind of physical/medical review or exam is done prior to underwriting this long term care insurance policy? Is the preferred health discount determined by medical record review, exam or questionnaire?
2. Do they pay actual expense up to the daily limit? If so, and If you had home care or assisted living and it cost less than the daily limit, (say 50% for example) would you be covered for 6 years on a 3 year policy or 10 years on a 5 year policy? Or is the benefit period of[…]
Genworth’s CEO resigns
Breaking news from Genworth Financial’s conference call yesterday, after their earning release they announced that their CEO Michael Fraizer resigned from his post. Good luck to him on his new ventures and he did help navigate GNW through very tough times over the past 5 years as the financial markets crashed.
Genworth is the leading player in the Long Term Care Insurance Industry so I wonder how this will effect them in the LTC industry?
Prudential’s LTC3 Long Term Care Insurance
Prudential Insurance Company of America is an experienced leader in the Long Term Care Insurance industry. In most states, Prudential’s Long-Term Care Insurance plan was LTC3 until April 1, 2012.
Prudential Long Term Care Insurance is an American icon, but is #4 in Long Term Care Sales behind larger players like Genworth, John Hancock, and Mutual of Omaha.
What is covered in the Prudential Long Term Care Plan?
The Prudential LTC3 plan covers both facility and home health care. It also gives you flexibility with optional riders and included features like Restoration of Benefits.
Prudential Financial Ratings
Prudential is rated A+ by AM[…]
Florida Long Term Care Partnership
Florida, like many states, has instituted a program to tackle the problem of lack of Long Term Care Insurance coverage for its residents via a partnership program between private industry and the State. Florida’s population is rapidly aging and awareness of the need for Long Term Care Insurance remains low.
This article aims to highlight Florida Partnership Requirements, unique Florida Partnership features, and provide a resource to receive competitive Florida Partnership quotes and comparisons.
- What defines Long Term Care?
Long Term Care Insurance covers the cost of services such as nursing homes, in-home care and assisted-living care when one is unable to care[…]
Baby Boomer Health Issues
I read a fascinating and at the same time sobering article written by the Mayo Clinic about the health issues Baby Boomers face and their potential need for long term care in the near future… As you might know in 2006, the first baby-boomer became age 60. Baby-boomers are members of the generation born between 1946 and 1964 and represent an huge demographic bulge totaling 76 million people who can be expected to need and use long term care facilities and home[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.