Is Pricing Discriminatory or Good Business Practice?

Featured

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts March 7, 2013: Some of the leading long-term care insurance companies have recently announced that they will soon offer policies that have different rates for men and women. Gender-based pricing for insurance is not new. Most insurance policies have premiums that are based upon gender, as well as other factors. Continue reading

Welcome to LTCFacts!

Featured

We help you make informed decisions about long-term care. LTCFacts.org is committed to educating consumers about long-term care insurance by providing an easy-to-use website filled with simple definitions about long-term care insurance terms and concepts.  By providing simple definitions for complex long-term care insurance terms, consumers become empowered to make intelligent buying decisions that impact their financial and family lives. Continue reading

How Much Does Long-Term Care Insurance Cost?

Featured

Here are a few facts which may surprise you: Long-term care insurance is very flexible.  Every long-term care policy gives you many choices for your benefits.  You choose your:  Daily Benefit, Inflation Benefit, Policy Limit, and Elimination Period.  The richer the benefits you choose, the higher your premium.  The more modest the benefits you choose, the lower your premium.  You are in control of Continue reading

What is Long-Term Care?

Featured

What is Long-Term Care? Long-term care includes a variety of services that may be both medically and/or non-medically necessary for people with a chronic illness or disability.  Health and personal needs are met through long-term care.  Generally speaking, long-term care provides people assistance with activities of daily living, such as bathing, dressing, eating, toileting or transferring.  People of all ages Continue reading

Don’t Believe All The Negative Headlines

long-term care insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts August 29, 2013: How sick is the long-term care insurance industry? The headlines are bleak: “What’s killing the long-term care insurance industry?” “Costs of Long-Term Care Rise While Payment Options Narrow” Contrary to what is often published on the internet, long-term care insurance premiums are very stable.  According to the Continue reading

Long-term-care insurance helps protect families

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts August 8, 2013: Long-term-care insurance is an emotional subject. I mean, really, who wants to talk about the possibility of needing help with bathing, dressing and toileting? “It could never happen to me!” When starting a discussion with a loved one, it is fairly normal for there to be denial. Continue reading

Three Big Problems With Long-Term-Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts July 24, 2013: There are three issues concerning people who are considering long-term care insurance: The underwriting and approval process can be long and difficult Claims may not be paid in the future when care is needed, and Premiums might skyrocket forcing you to drop the policy. In the years Continue reading

Busting Myths About Long-Term Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts June 13, 2013: Myth #1  Most long-term care insurance claims are for nursing home care When the long-term care insurance began in the mid-1960’s, most policies only covered the cost of nursing homes.  It wasn’t until the early 1990’s that insurers began including riders that covered home health care.  Now, Continue reading

What are the first steps in finding the right long-term-care insurance?

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts May 22, 2013: Conduct a simple Internet search on long-term-care insurance and the results are baffling. Add the words buy or quote, and it gets even more complex. For an insurance product that already has mystery surrounding it, the sheer amount of information yielded by an Internet search makes it Continue reading

The Truth About Long-Term Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts May 9, 2013: In my last column, I addressed recent articles published on a several well-known news websites have been riddled with half-truths and misleading information.  In an effort to educate the public, here are a few more corrections to the half-truths that have cropped up recently: LTC policyholders have Continue reading

Genworth: Temporary Suspension of Individual LTC Products in California

Image

Genworth Life Insurance Company announced today that they have suspended sales of all individual LTC products in California.  Specifically, California Choice and Choice Partnership will no longer be available after March 21, 2013 pending the necessary state approvals to launch the Privileged Choice Flex Product in California.

If you live in California and have been thinking of purchasing a long-term care insurance product,now is the time to act.  Speak to a long-term care insurance specialist today!

Protecting Your Income, Assets Is Of Paramount Concern

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts February 21, 2013: My last column explained the government’s role in providing long-term care. As a general guideline, if your household income is less than $50,000 per year and your net worth, not including your residence, is less than $50,000, then relying on Medicaid for your long-term care needs probably Continue reading