Author Archives: Nicole Gurley

Long-Term Care Costs On The Rise

One of the best and most awaited tools in the long-term care insurance industry is Genworth Financial’s annual cost of care survey. It offers costs of care venues in a user friendly interactive format and enables financial advisors, insurance producers and consumers to understand the median cost of care venues in 440 regions in the

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Robotic Caregivers! Is This Our Future?

In previous blogs, we’ve written about the shortage of caregivers and the likelihood that many baby boomers are destined to be elder orphans. In his Think Big article on robo-caregiving, Joseph F. Coughlin, director of the Massachusetts Institute of Technology AgeLab, explores how our aging demographics and advances in technology are creating innovative changes in

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How Old Is Too Old…

  Outliving income is a major concern for many Americans. Long-term care is a likely expense for 70% of Americans age 65 and older and can quickly deplete savings and investments. For most Americans there are just three funding options: self-fund using income and assets, long-term care insurance or qualifying for Medicaid which is government

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Ten in the Bed…

“There were ten in the bed and the little one said, ‘Roll over, roll over.’ So they all rolled over and one fell out.” Most of us know this line from the children’s nursery rhyme. I don’t know about you, but I cringe when I think about 10 in a bed. It’s a little too

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Women Need Long-Term Care More than Men

A few years ago, most long-term care insurance carriers introduced gender-based pricing. What does that mean? Women pay more for this insurance. Why? Because we live longer, use more insurance benefits and cost the insurer more money than men. Carriers are pricing to their risk Traditionally in our country, long-term care has been provided at

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