Blog

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

Read More

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

Read More

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.

Read More

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

Read More