LTCI

  • LTCi Claims Paid In 2021 Grew By $700 Million
    LTCi Claims Paid In 2021 Grew By $700 Million

    Average payout about $36,600

    The nation’s long-term care insurers paid out $12.3 Billion in claims during 2021. That represents a significant increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI).
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  • Navigating Retirement’s ‘Fragile Decade’
    Navigating Retirement’s ‘Fragile Decade’

    Unbundling investments from insurance to solve for lifetime sequence-of-return risk

    Constance is a new option that allows for a risk wrapper to be placed on an existing investment portfolio without creating a taxable event...
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  • Confronting Fears In Long Term Care
    Confronting Fears In Long Term Care

    Half of Americans fear falling more than cancer and want to age in home without stairs

    Over a year and a half into the COVID-19 pandemic, most Americans (85%) agree that it's more important than ever to stay in their home for long-term care. However, nearly half of those not retired (47%) say they are concerned their current home will not be safe for them to "age in place."
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  • Long Term Care Market Revenue To Cross USD 1.61 Trillion By 2027
    Long Term Care Market Revenue To Cross USD 1.61 Trillion By 2027

    Out-of-pocket segment in the long term care market will account for USD 491 billion by 2027 owing to the growing influx of private health insurers and increasing preference private LTC insurance services

    The long term care market size is anticipated to record a valuation of USD 1.61 Trillion by 2027, according to the most recent study by Global Market Insights Inc.
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  • New York Life Declares Largest Dividend In Company History
    New York Life Declares Largest Dividend In Company History

    Declaring a dividend for the 168th consecutive year underscores New York Life’s commitment to financial strength, mutuality, and delivering ongoing value to policy owners

    New York Life, America’s largest and most admired mutual life insurer, today announced that the company has declared a dividend of $1.9 billion to eligible participating policy owners in 2022, the largest in company history.
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  • Lincoln Financial Shares Tips To Help Caregivers Plan Ahead & Prevent Feeling Overwhelmed By Long-Term Care Needs
    Lincoln Financial Shares Tips To Help Caregivers Plan Ahead & Prevent Feeling Overwhelmed By Long-Term Care Needs

    Long-Term Care Awareness Month offers timely opportunity for families to plan ahead for the costs of caregiving

    The cost of caregiving and its impact on relationships, careers and the emotional and financial well-being of caregivers, has been brought to the forefront throughout the pandemic, and for good reason. Nearly half of all Americans surveyed are or will soon be caregivers with seven in 10 caregivers feeling overwhelmed at least several days in…
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  • 2022 Tax Deductible Limits Not Increased For Long-Term Care Insurance
    2022 Tax Deductible Limits Not Increased For Long-Term Care Insurance

    Still, maximum deductibility remains high

    by Jesse Slome

    For the first time the Internal Revenue Service has not raised tax-deductible limits for long-term care insurance according to the American Association for Long-Term Care Insurance (AALTCI).
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  • Pandemic Takes Its Toll On Caregivers
    Pandemic Takes Its Toll On Caregivers

    Nearly 60% of caregivers have shouldered new caregiving responsibilities since the pandemic

    The impact of the Covid-19 pandemic has been felt especially hard among the nation’s caregivers, according to the latest findings from Northwestern Mutual’s 2021 Planning & Progress Study. One in five (21%) of Americans report they are currently providing care for someone, and among them six in ten (59%) say that they have had to…
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  • New Study Shows Increasing Need For Long Term Care & Reliance On Family Members
    New Study Shows Increasing Need For Long Term Care & Reliance On Family Members

    The COVID-19 pandemic increased demand for and complexity of care, accelerating existing trends toward longer duration and more acute long term care

    In a year of critical healthcare needs, COVID-19 complicated caregiving, but the factors driving an accelerated need for care were largely the same as in years past, found Genworth's Caregiving in COVID-19 Beyond Dollars Study 2021.
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  • What Resources Do Retirees Have For Long-Term Service & Supports?
    What Resources Do Retirees Have For Long-Term Service & Supports?

    Understanding the risk of need and availability of resources

    The potential need for long-term services and supports (LTSS) can be a significant source of anxiety for older workers, retirees, and their families. A central question driving this anxiety is whether the support that retirees might need can be met without exhausting their financial resources and family caregivers.
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