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Long-Term Care Insurance

Found 66 Articles.
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Dealing with the Turmoil in Long Term Care Insurance

March 1, 2011

Long-term care insurance is in turmoil. We’ve been tracking and reporting on developments for a while. (See our January 2011 visit.) Insurers are dropping out of the market. Some insurers are increasing premiums substantially on long-term policyholders. LTCI is harder to obtain, and premiums for new policies are higher for the most part than a […]

Crisis in Long-Term Care Insurance?

January 1, 2011

Headlines the last couple of months pointed to serious problems in long-term care insurance (LTCI). The Wall Street Journal blared: “Long-Term-Care Premiums Soar.” This shortly was followed by news that a major player in LTCI, MetLife, was stopping the sale of new policies. The first article detailed sharp proposed premium increases on existing policies by […]

Finding the Best Long Term Care Insurance Policy

August 1, 2010

Many people in or near their silver years know they should own long-term care insurance, but there are several hurdles the policies haven’t cleared with them. Fortunately, there is a short cut solution to clearing most of these hurdles. There are several common reasons people don’t buy LTCI: Policies have a history of sharp premium […]

Estate Planning

Buying Life Insurance & Long Term Care Insurance Together

July 1, 2010

Consumers are finding ways to protect their wealth from long-term care expenses without buying long-term care insurance (LTCI). Consumers seeking these alternatives, however, need to know some details to ensure they buy the best coverage for them. LTCI sales should be booming. The big Baby Boomer generation is in the prime years for buying LTCI. […]

estate planning

Exchanging Other Policies for Long Term Care Insurance

July 1, 2010

Consumers can exchange tax free old life insurance policies or annuities for long-term care insurance (LTCI) policies, under a 2006 law that became effective Jan. 1, 2010. Unfortunately, few people have been able to take advantage of the law. The idea behind the law is to give another option to people with cash value life […]

Knowing When Long Term Care Insurance Will Pay

June 1, 2010

Will a long-term care insurance policy (LTCI) pay benefits when you need them? Uncertainty about the answer to that question keeps many people from purchasing LTCI. Media reports, rumors, and data also confuse or create uncertainty among potential buyers. In the early days of LTCI reports and anecdotes indicated that insurers made their money by […]

estate planning

Dealing With Increases in Long Term Care Insurance Premiums

March 1, 2010

Increases in premiums on many long-term care insurance (LTCI) policies are coming. Some of you already received notice of them. Others will receive notices soon. You need a plan for dealing with these increases (and likely future increases), and policyholders who don’t face the increases now should learn lessons from them. The increases generally are […]

Writing Off Long-Term Care

March 1, 2010

At least some of the expenses of a nursing home or assisted living facility usually are deductible. The amount of the deductions depends on the circumstances. You have to know the rules to maximize your deduction. When the primary reason for residing in a nursing home is one’s physical condition and the availability of medical […]

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