Category Archive: Long-term care insurance

If you’ve decided to plan for every eventuality, you’d be smart to include a plan to cover long-term care. Someone turning 65 this year has an almost 70% chance of needing some type of long-term care, and about 13% of those will need it for five years or more. Long-term care is expensive and can […]

Long term care is something that no one likes to think about, but unfortunately, many people will eventually need. Health care costs are skyrocketing, and a lengthy stay at a long-term care facility can easily bankrupt most people’s nest eggs. Long-term care insurance is one way to protect both yourself and your retirement savings. Out […]

California residents who are keen to protect themselves and their families against the worst events in life may be considering long-term care insurance. However, you might not know much about LTC insurance or how it is handled in California. Let’s take a look: What is Long-Term Care Insurance? Long-term care insurance helps pay for long-term […]

Arizona is a great place to retire. It’s warm, there’s no snow to shovel, and Arizona improves the quality of life for anyone with allergies or asthma. When you pack your bags and retire to Arizona, you’re probably not thinking about long-term care. But the sad reality is that 47% of men and 58% of […]

There’s a lot of good reasons to retire in Florida. The weather is warm, the beaches are beautiful, and there are lots of other retirees to socialize with. Also, Florida has no state income taxes, no inheritance taxes, and no estate taxes. When you pack up your things and move to Florida, you’re probably not […]

Shopping around for a long-term care policy can be confusing. Mutual of Omaha offers Secure Solution for a long-term care insurance option. They also offer a Custom Solution option. Both policies offer a fair amount of flexibility, since you are able to choose how long you want your elimination period to be and you can […]

Many companies have left the long-term care insurance market. Rising health care costs, plus the invention of the hybrid long-term care/life insurance policy has resulted in many companies bailing out of long-term care insurance. If you still want a long-term care policy, Transamerica offers a fairly affordable policy with some nice features. It’s a solid […]

The Lincoln long-term care insurance product is called Lincoln MoneyGuard III. It is a hybrid long-term care insurance policy, one that combines permanent life insurance with long-term care insurance. These are sometimes called linked policies. The beauty of these policies is that if you require long-term care the money is there for that, but if […]

You have a lot of options if you’re interested in a linked policy—a hybrid life insurance and long-term care policy. A lot of people like these types of policies because they provide long-term care benefits if you need them and a tax-free death benefit to your beneficiaries if you don’t. Nationwide offers such a hybrid product […]

The Securian long-term care insurance product is called SecureCare. It is a hybrid long-term care and life insurance policy (also called linked policies). It is a good product in the hybrid long-term care insurance market and worth of your consideration. A hybrid policy may be ideal because if you need long-term care, the money is […]

OneAmerica long term care insurance is called Asset-Care. It is a hybrid long-term care insurance policy underwritten by the State Life Insurance company, based in Indiana. This policy has several great features that you’ll want to consider if you’re looking around for a hybrid long-term care/life insurance policy. The three unique benefits of OneAmerica hybrid long-term […]

If it turns out you actually need long-term care (which 70% of those over 65 eventually will) a traditional long-term care insurance policy is a good value. These policies are less expensive that hybrid policies, which combine long-term care and life insurance. If you don’t need life insurance, you could consider a traditional long-term care […]

Hybrid long-term care insurance policies have increased in popularity these days. It makes sense, because unlike long-term care insurance, if you don’t need the long-term care benefits, the life insurance portion of the policy allows your beneficiaries to get a tax-free death benefit and the premiums are guaranteed not to change. Some of them even […]

Long-term care insurance is probably a good idea. With an estimated 47% of men and 58% of women over 65 needed some type of long-term care, long-term care insurance will ensure that you get the care you need. On the other hand, Medicare doesn’t cover long-term care, so you can’t rely on that.  Unlike hybrid […]

The long-term care insurance market has seen a mass exodus in recent years. There used to be  over 100 companies selling this insurance, now there are less than ten, with more pulling out of the market every day. Some companies have started to offer hybrid policies instead, but New York Life still offers a traditional […]

John Hancock used to be one of the biggest sellers of long-term care insurance, but they have ceased to offer it. This is becoming more and more common with insurance companies that used to offer long-term care insurance, as it’s become increasingly difficult to make a profit on it. Let’s take a look at the […]

Northwestern Mutual is one of the few remaining companies that still offer traditional long-term care insurance. The fact that Northwestern is a mutual company means that that earned dividends could potentially reduce your premiums.  Northwestern Mutual, as well as every other traditional long-term care insurance company, finds it necessary to increase premiums by a lot […]

MassMutual is one of about ten insurance companies still offering traditional long-term care insurance policies. These policies are harder to come by because decreasing profits caused many companies to leave the market. MassMutual also offers two hybrid long-term care insurance policies, CareChoice One and CareChoice Select, which are both whole life insurance policies with long-term […]

You’re probably not anticipating spending part of your retirement in a long-term care facility or having skilled nursing care come to your home to assist you with daily activities. However, the odds are that you will need some type of long-term care, since about 69% of all people over 65 will need it. There are […]

USAA has served active military members and their families since 1922. The original name was United States Army Automobile Association. Now, they offer insurance to every branch of the military. In addition to life insurance, they offer home insurance, retirement services, annuities, medical and dental insurance. There are currently more than 13 million people insured […]

As you age the financial and medical areas of life start to become closely tied to one another. The amount of money you have set aside for items like long-term care (LTC), and even funeral expenses can greatly affect your quality of life and your family’s experience.  According to the Administration for Community Living, up […]

Seniors and others who purchase long-term care insurance may be wondering about taxes. Is long-term care insurance tax-deductible? Does it count as income if you get a lump sum payout? Is there a difference between traditional long-term care insurance and hybrid policies? We’ll examine the tax benefits of long-term care insurance, hybrid insurance, and answer […]

As you look forward to your retirement years, you’re probably not anticipating spending hundreds of thousands of dollars of your retirement nest egg on long term care. Sadly, that is a reality for some people who haven’t thought about how they might pay for such an eventuality. The good news is that there are some […]

As you grow older or if you are dealing with a sudden life change, you are likely starting to consider long-term care services to make life a little easier. Whether that means staying at home with in-home assistance or moving into a nursing facility or seeking adult day care for a loved one, all depends […]

The population of the United States is aging as the baby boomer generation approaches retirement age. One of the things concerning this population is health care, specifically long-term health care. It’s expensive, and if you and your spouse need long-term care, you can easily drain your retirement savings. If you have traditional long-term care insurance […]

Financially savvy people would do well to consider either long-term care insurance or a hybrid policy, since the odds are good that you or your spouse will need some type of long-term care as you get older. We can answer the most common questions and help you get a quote for either long-term care insurance […]

The cost of long-term care insurance can vary dramatically, depending on what company you choose and how much daily long-term care benefit you want, usually from $150 to $350, and for how long, usually from 2-6 years. It also depends on whether you choose a traditional policy or a hybrid policy (permanent life insurance combined […]

With more than 70% Americans of 65 or older will need some form of long-term care and health care costs keep rising each year, it is important to have long-term care insurance to protect your retirement savings. Long-term care insurance continues to get more expensive. You have probably heard of several insurance companies increasing premiums […]

You probably already know that the bottom has dropped out of the long-term care insurance market, with many companies leaving the market altogether. But you’re probably still worried about what will happen if you or your spouse should need long-term care. It’s expensive and paying for it out-of-pocket can easily deplete your entire nest egg. […]

The traditional long-term care insurance market has undergone something of a mass exodus in recent years. There used to be over 100 companies offering long-term care insurance, and now there are only about twelve, with more leaving every day. This is unfortunate, as the baby boomers are reaching a point in their lives where long-term […]

As you plan for your retirement and beyond, you’re probably not anticipating you or your spouse going into a nursing home. But sadly, someone turning 65 today has almost a 70% chance of needing some kind of long-term care in the future. Long-term care is extremely expensive, depending on the type of care. For example, […]

Many people who are concerned about the possibility of needing long-term care. One way to fund this possibility is by purchasing a permanent life insurance policy with a long-term care rider. This way you can access part of the death benefit to pay for long-term care while you’re still alive. Since someone turning 65 today […]

We’re all living longer these days. Unfortunately, as we live longer, some of us will require some form of long-term care. You could purchase long-term care insurance, but if you don’t need long-term care, all of the money you spent in premiums is wasted. That’s where a hybrid long-term care/permanent life insurance policy can come […]

Long-term care is something no one likes to think about, but that almost two-thirds of those 65 and over will need. A common misconception is that Medicaid will pay for long-term health care costs, but this is not true, unless you earn very little and have no assets to fall back on. Some people try […]