Blog

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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Medicare

Does Medicare pay for long-term care?

Years ago, I managed the regional multi-state Medicare business for a large, well known insurer. Frequently, I would hear stories about a person aging into Medicare who had talked to a friend who worked with a guy that knew an expert who told them that Medicare paid for long-term care (LTC). Still today it’s not

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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 assistance

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