Many predict that we are on the precipice of a renaissance in long-term care. Factors that drive this prediction include the hike in interest rates, states designing their own public programs based on taxing employees and employers, demographic shift to an older population, post-COVID focus on health and wellness and technology advances.
When we work with clients on long-term care expense planning, the initial focus is cost and coverage. It doesn’t matter if the funding option is insurance or another product. Basically, clients just want to know how much expense they can afford to transfer to an insurance company or another funding resource. As a result, meaningful
Chances are that you or someone you love will need care or become a caregiver. Just think about the reasons for needing care. They range from cognitive diseases like Alzheimer’s to physical limitations from accidents or medical conditions like ALS, cardiovascular disease, diabetes, MS, etc. Here’s a quiz to test your knowledge: RISK: The government projections
People will continue to age. We are living longer and the longer we live the greater the chance that we will need long-term care. The government projections are that by the time we reach age 65 that 70% of us will experience a long-term care event. Today, as in years past, the majority of care
When we consult with clients about long-term care expense planning we always ask what they want to accomplish by exploring insurance. Most of our clients have children. Not being a burden to their kids is almost always on the list of objectives that clients detail. It was one of the goals that my parents cited
Weren’t we all led to believe that women are the weaker sex? And the reason women outlive men is because men worked and most women stayed at home. New research based on medical and demographic studies dating back to the 14th century discards old thinking once and for all. It reveals that men are truly
A few years ago, most long-term care insurance carriers introduced gender-based pricing. What does that mean? Women pay more for this insurance. Why? Because we live longer, use more insurance benefits and cost the insurer more money than men. Carriers are pricing to their risk Traditionally in our country, long-term care has been provided at
