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Tag: long term care insurance costs
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...
Long-Term Care Insurance May Be a Dying Breed (VIDEO)
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Long-Term Care Insurance May Be a Dying Breed
A report earlier this fall by MoodyÛªs Investors Services – ÛÏLong-Term Care Insurance: Sector ProfileÛ – says that despite the need for long-term care insurance, the productÛªs future is in question because of persistent losses and a challenging operating environment. The benefits under early policies were often too generous relative...
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%...
Prudential Pulls Out of Individual LTC Insurance – The Story Behind the Story
åÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊ ÛÏEveryone is entitled to their own opinion, but not their own factsÛåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊ Daniel Patrick Moynihan A guest blog from Raymond Lavine/ www.lavineltcinsurance.com / 253.778.6831 or 888.222.1789 / lavineltcins@gmail.com Û¬Û¬Prudential Insurance Company announced that they will no longer offer LTC plans to individuals but will continue to offer long-term care...
Retirees Not Realistic in Planning for Possibility of Long-Term Care
Getty Images, Rosemary Calver In a recent survey from the Society of Actuaries respondents were asked about the changing nature of healthcare delivery and the ability to pay for long-term care. Though 93% said that pursuing a healthy lifestyle is their primary risk-management strategy, the report suggests that this is...