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Life Insurance Versus Long-Term Care Insurance

We often are asked what the difference is between life insurance and long-term care insurance (LTCI). One answer is it’s the difference between mortality (death) and morbidity (illness). But both insurance products are designed to protect income, assets and standard of living. Underwriting life and LTCI are both based on claims experience, life expectancy, health

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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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