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
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
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
Conventional wisdom Buy low, sell high. Always protect principle. Isn’t that the strategy? A downturn in the market is a temporary thing. Better to think long term than to panic and sell stock at a low during a downturn. In a downturn the assets providing retirement income and the resources to self-fund a long-term care
I do a lot of public speaking about long-term care, the risk, costs, funding options, product designs, what insurance covers, etc. Most of the groups that I meet with are trusted advisors – financial planners, CPAs and attorneys. I always ask if they have made a plan for long-term care. I don’t ask them to
