Hearts and minds. Facts and feelings. Ever taken the Myers-Briggs Type Indicator? Are you a thinking person or a feeling person according to the Myers-Briggs personality type model? The typical long-term care insurance (LTCI) buyer is female, age 55 to 64. She is married with adult kids, College educated and still working in a white-collar
“When he goes in,” is a phrase we hear daily. It makes the hair on the nape of my neck twitch. Mainly because the assumptions behind the phrase are faulty and way, way out of date. First, if no long-term care insurance (LTCI), she will be the hands-on caregiver. He’s not going anywhere. Second, according
Long-term care insurance (LTCI) premiums are changing. Care costs are changing, too. We’re seeing premium increases to in-force policyholders and new applicants. Why? Here are some of the factors behind these rate actions and how premiums can change. Insurance premiums will always cost less than the cost of care As insurance products go, LTCI is
It’s a month of awareness campaigns. Among them is National Peanut Butter Lovers Month and at least 45 others including National Alzheimer’s Disease Month, National Family Caregivers Month and National Long-Term Care Awareness Month. These all tie together for me. No not peanut butter even though it’s pretty sticky. Think about these facts, stats and
Planning for long-term care (LTC) is about dealing with the reality of needing assistance as we age. We’ll be the first to acknowledge this is not a fun conversation. But ignoring information to avoid the reality of needing long-term care is not a solution.
It’s October. Pumpkin contests. Halloween. Start of 4Q20. COVID-19. Masks. Social distancing. Impeachment. Acquittal. Recession. Elections. Protests. Riots. Supreme Court justice death and nominee. Debates. Sports sans fans. West Coast fires. All-time low interest rates. And the list goes on. The ultimate understatement To say 2020 has been challenging is the ultimate understatement. We all
We’ve long respected the acumen of Ken Dychtwald, PH.D., gerontologist, psychologist and founder of Age Wave, a company that conducts benchmark field research on issues related to aging. His most recent study, The Four Pillars of the New Retirement, conducted in May through June 2020 in conjunction with Edward Jones, has already experienced over a
Are you old enough to remember the Dragnet series that aired from 1951 to 1959? How about Detective Joe Friday’s classic phrase, “Just the facts, ma’am. Just the facts.” With interest rates so low, have you thought about buying a new home or refinancing your mortgage? Bet you thought it would only take two
For those of us who work in this narrow but important insurance niche, we wait each year for our assumptions to be validated or tweaked by the annual LTCI survey published by Brokers World. Now in its 22nd year, we find few carriers participating in the “2020 Milliman Long Term Care Insurance Survey.“ Below are
The number of employees working from home in the 60 days from mid-March to mid-May increased from 31% to 65%. And according to a Gallup poll, more than 50% really like it and want to continue working remotely once the COVID-19 pandemic is controlled. Just think … no commute time, fuel expense, parking fees, work