The Lincoln Financial Life Stages Survey: Long- term care, a survey of 1,002 Americans, was recently released. Most respondents were aware of forecasts predicting a dramatic rise in the number of Americans needing care. Few admitted to being truly prepared. People also understand that costs of care will seriously affect...
Tag: paying for long-term care
Met Life to Discontinue Selling LTC Insurance
Met Life says it will halt sales of long-term-care insurance. Coming from one of the thought leaders in aging that is pretty serious news. More and more insurers have given up this product because they underestimated the claims they would pay out over time and so did not price their...
Long-Term Care Insurance Deductibles Increase in ’11
Jesse Slome, executive director of the American Association for Long-Term Care Insurance (AALTCI), issued a release yesterday that says The Internal Revenue Service (IRS) has announced increased deductible levels for long-term care insurance policies that will be purchased in 2011. The deductible limits under Section 213(d)(10) for eligible long-term care...
New Long Term Care Insurance Survey Suggests Premiums Not as High as Public Perceives
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