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Long-Term Care is Double Trouble for Women!

Long-Term Care is Double Trouble for Women!

In my work with couples it’s quite common for one spouse/partner to want long-term care insurance and the other to be disinterested. Wanna guess which is which? It’s usually the older, six-foot plus, 300-pound plus guy that is disinterested and the five-foot, 100-pound spouse that is keenly interested. Big guy vows he will never need

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Eat, Drink, Exercise and be Merry (Sex), Too!

In this article for TIME Health, Jeffrey Kluger and Alexandra Sifferlin summarize findings from a number of new studies on aging. While the end of life is nonnegotiable, we certainly can influence longevity and the quality of our remaining years. Here are just two surprises to living longer and better: Don’t be timid. Those with

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Stats And Facts That May Surprise You

Every year for the past 20, Broker World magazine has published a survey on long-term care insurance (LTCI). It’s a huge undertaking and provides valuable information for the industry and consumers alike primarily about the standalone insurance marketplace. A few highlights: Two carriers, Mutual of Omaha and Northwestern, remained the top two LTCI carriers accounting

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What’s Your Long-Term Care Funding Plan?

In his 2019 industry update, Jesse Slome, executive director of the American Association for Long-Term Care Insurance, reported that LTC insurance claims paid in 2018 totaled $10.3 billion. Insurance pays a fraction of LTC costs Sounds like a lot, doesn’t it? Well, it’s not. It’s barely a fraction of the estimated costs. According to a

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Worried About Outliving Your Money?

Boomers and Gen Xers may have retirement money worries in common. They both voice concerns about outliving income, but for different reasons. In his article about retirement decisions, Steve Vernon reports on several research studies about retirement income. How to maximize Social Security income? Should retirement be postponed? How to manage medical costs and more.

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Which LTCI Product Is Right For You?

For most Americans there are just three funding options for long-term care. You could self-fund using income, savings, liquidate investments or perhaps do a reverse mortgage. (We like reverse mortgages but mainly for other financial strategies.) Basically, we just don’t like self-funding as an option. It’s expensive! You could transfer the risk of the expense

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