Legislative and actuarial changes, including gender-based rates, have helped guard long-term-care insurance policyholders against the need for drastic rate increases, writes Scott Boyd of The National Benefit Corp. LifeHealthPro (2/1)
Long-term-care insurance is a topic that advisers should address with clients who are recently divorced or going through a divorce, write Brian Gordon and Murray Gordon of MAGA. Asset-based LTC insurance plans can be worked into divorce agreements, they write. InsuranceNewsNet Magazine (2/2016)
A bill expected to be introduced in Hawaii would create a long-term-care insurance program under which all permanent residents would qualify to receive about $70 a day in benefits for one year. The program would be funded by increasing the general excise tax. Forbes (1/15
Products that combine life and long-term-care insurance sometimes do not contain the strongest coverage on either side of the equation, but can be helpful in protecting clients who refuse to purchase coverage otherwise, writes Dan Moisand of Moisand Fitzgerald Tamayo. MarketWatch (7/31
A serious consideration for those nearing retirement should be how they will pay for long-term care, writes Jane Young, a certified financial planner. Purchasing long-term-care insurance is an easier decision for wealthier people, but it “is more complicated for those who can’t afford to self-insure but want to protect their…
Sales of traditional long-term-care policies decreased as sales of life insurance featuring LTC riders rose 4% last year, LIMRA says. Experts say such policies can be a good idea for some people, but have drawbacks. MarketWatch
Consumers’ lack of enthusiasm about long-term-care insurance is driven by cost and a lack of understanding of the products, two University of Pennsylvania researchers write. MarketWatch (6/17)
Commentary: Many consumers take wrong view of LTC products Most people don’t buy long-term-care insurance because they see it an investment — rather than financial protection — that is worthless if they ultimately don’t need it, write Olivia Mitchell and Daniel Gottlieb of the University of Pennsylvania. Providers can ease…
Advisers and brokers should put premium cost at the beginning of their sales conversations with clients about long-term-care insurance, writes Tom Riekse Jr. of LTCI Partners. Doing so helps avoid “premium price resistance,” he writes. National Underwriter Life & Health
States eye adoption of rules on LTC insurance New rules for long-term-care insurers are under consideration by state regulators after gaining approval from the National Association of Insurance Commissioners in 2014. The regulations include requirements for policy pricing to satisfy future obligations and provisions to limit rate increases. USA Today…
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