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Tag: assurance benefit
Long-Term Costs Continue to Rise
Courtesy MetLife MetLife Mature Market InstituteÛªs 2012 market survey shows that average national long-term care costs continue to rise. The national average annual charge for a private nursing home room rose to $90,520 this year, while semi-private rooms climbed to $81,030 and assisted living residency jumped to $42,600. Nursing home...
Another Company Limits Its LTC Insurance Sales
Genworth Financial is taking several of its long-term care insurance options off the table. As of July 29, they stopped selling: lifetime coverage policies for people with family histories of Alzheimer’s and other chronic conditions; 10-pay policies, which lets beneficiaries pay 10 bigger payments for a paid-up policy; and 40%...