Long Term Care Insurance News

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CLASS Act: Summary, History | Same-Sex Long Term Care Issues | Buying Tips
Candice Herring's picture

Delaying the purchase of Long Term Care Insurance

Submitted by Candice Herring on May 16, 2012 - 16:17

I recently called a woman in Maryland with whom I have been in touch since February 2011.  Purchasing Long Term Care Insurance had been on and off her radar for six months.  I had provided several rounds of pricing and answered numerous questions.   She called in November 2011 ready to buy.  The more we talked, she admitted that she been diagnosed with stage II breast cancer and was beginning chemotherapy.  She felt that it was not that serious and that she would be well in a couple of months. I was sorry to tell her that she was, at that point declined until such time as she was released

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Protect Your Future! Get Long Term Care Insurance

Picture yourself in retirement.  Are you traveling?  Lying on a beach somewhere?  Or, simply pursuing those hobbies you always wanted to pursue but never had time while working hard and raising a family?  Whatever you picture, it is most-likely associated with adjectives like peaceful, calm and secure.  And, why shouldn’t it be?  Retirement is the time when you can sit back and enjoy the fruits of all you’ve worked so hard to achieve.  A lifetime of hard work culminating in not having to worry about anything except living out your years on your own terms.

Phil Carrasco's picture

Long Term Care Comes of Age

Submitted by Phil Carrasco on May 15, 2012 - 17:25

Here's a recent article from CNBC . . . it underscores the need for Americans to plan for the possible need for long term care. The article discusses the need for Americans to take action and transfer this risk to an insurance company.

Despite, my personal disagreement, the article quotes an advisor who calls the hybrid combined Life / LTC policies a marketing gimmick. He prefers traditional LTC insurance policy.

http://www.cnbc.com/id/42539224/

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General discussion
Darrick Wilkins's picture

Long Term Care Insurance Rates are Rising

Submitted by Darrick Wilkins on May 13, 2012 - 14:53

The Long Term Care Insurance market is seeing some turbulent times.  Premiums are rising and those shopping for plan have fewer choices in carriers.  If you’ve been putting off buying a plan, now is the time to look into a policy.  Fewer companies offering Long Term Care Insurance policies and low interest rates on the returns that these insurers depend on to pay out benefits means that they must raise premium rates to cover their costs.

Darrick Wilkins's picture

Denial and Long Term Care CBS News reply

Submitted by Darrick Wilkins on May 13, 2012 - 00:07

I wrote a comment on the link below from this Long Term Care Insurance found here.  To sum it up, for those who need it, denial is going to be the root of most every reason a person does not buy Long Term Care Insurance.  As I said in the reply to their story on the money watch site it's a real feeling people have that can prevent them from taking action.

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General discussion
Darrick Wilkins's picture

Technology Will Lead to More and More Home Care

Submitted by Darrick Wilkins on May 12, 2012 - 00:50

This article by the Oregon Health Care Quality Improvement department goes over the huge increase in demand for home care.  I envision a near future where virtually all people with the means to pay out of pocket or have Long Term Care Insurance will be able to safely stay at home as opposed to having to go to a nursing home.

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General discussion
Kathryn Dorr's picture

Traverse City, MI: Long Term Care Details

Submitted by Kathryn Dorr on May 11, 2012 - 18:51

Traverse City is a small town in the northern region of the state of Michigan. The city was named after the Grand Traverse Bay, which the city heads.  In 2010 the population was calculated to be around 14,674 people. The City is the largest producer of tart cherries in the US and holds an annual week-long Cherry Festival in the first week of July every year. This festival attracts almost 500,000 visitors annually.

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General discussion

Keep more of your own money

When weighing the pros and cons of purchasing any kind of insurance, what we’re really doing is evaluating the level of risk involved in not being insured.  The question: what if I never need insurance comes up.  With car insurance, we don’t have that luxury.  Car insurance is mandatory.  But, insurance such as health insurance and other types of insurance aren’t and it’s up to us to assess whether we think we need insurance coverage against a particular eventuality or not.

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