LTCI

  • Boomers are More Prepared for Death Than Life – And It’s Not Getting Better
    Boomers are More Prepared for Death Than Life – And It’s Not Getting Better

    While confident in their ability to save in retirement, they lack understanding of retirement care

    Today’s baby boomers are more financially prepared for death than life, according to the latest research from the Bankers Life Center for a Secure Retirement®. The new study by the national insurance provider revealed that 81% of middle-income boomers have made at least one formal preparation for when they pass away, while only 32% have…
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  • Ages When Long-Term Care Insurance Claims Begin
    Ages When Long-Term Care Insurance Claims Begin

    Vast majority begin at age 85 or older

    Nearly half of all newly started long-term care insurance claims begin for policyholders age 86 or older according to a new study released by the American Association for Long-Term Care Insurance (AALTCI).
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  • Are You a V.I.P. Leader?
    Are You a V.I.P. Leader?

    The three values of great managers

    by John Waid

    Leadership is an overused word. There are a lot of managers in companies, but very few leaders. Even the ones that call themselves leaders possess attributes that leave much to be desired.
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  • Long Term Care Insurance Industry Paid $10.3 Billion in Claims in 2018
    Long Term Care Insurance Industry Paid $10.3 Billion in Claims in 2018

    Industry passes the $10B mark for the first time

    A record $10.3 Billion in claims was paid last year by the nation's long term care insurance companies according to the American Association for Long-Term Care Insurance. Benefits were paid on more than 303,000 policies.
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  • LIMRA and LOMA Establish the Robert A. Kerzner Scholarship Program
    LIMRA and LOMA Establish the Robert A. Kerzner Scholarship Program

    From the start, Kerzner was an 'agent of change'

    LIMRA and LOMA today announce the Robert A. Kerzner Scholarship Program, established to honor Robert Kerzner for his contributions to the insurance industry and his years of service as CEO of LIMRA, LOMA, and LL Global.
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  • 2019 Long-Term Care Insurance Price Index Released
    2019 Long-Term Care Insurance Price Index Released

    While costs increases slightly over 2018, many insurers had no increase

    A couple in their mid-50s purchasing new long-term care insurance coverage can expect to pay just over $3,000 for a potential combined benefit of over $770,000 in coverage should they begin needing care at age 85.
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  • Five Factors Influencing Growth in the Life-Combination Market
    Five Factors Influencing Growth in the Life-Combination Market

    Joint LIMRA-EY study identifies the impact of this $4 billion market

    According to LIMRA research, the life-combination market has grown to more than a $4 billion market over the past 10 years. A new study, conducted jointly by LIMRA and Ernst & Young LLP (EY), identified five factors that impact the viability of the life-combination market.
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  • LIMRA: Total Individual Life Insurance New Premium Increases in the Third Quarter 2018
    LIMRA: Total Individual Life Insurance New Premium Increases in the Third Quarter 2018

    Driven by strong indexed universal life (IUL) sales

    U.S. life insurance new annualized premium increased 3 percent in the third quarter 2018, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. Driven by strong indexed universal life (IUL) sales, this is the second consecutive quarter of positive growth.
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  • Most Caregivers Are Overwhelmed Emotionally And Lack Adequate Emotional Support
    Most Caregivers Are Overwhelmed Emotionally And Lack Adequate Emotional Support

    Study: Gen X Feeling the Impact More Than Others

    Caregiving is a growing reality for Americans – one that comes with a significant emotional toll, according to findings from Northwestern Mutual's 2018 C.A.R.E Study. The study finds that while nine in ten caregivers say they are providing emotional support for others, significantly fewer feel they get the support they need for themselves.
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  • New Tax Limits for LTCi
    New Tax Limits for LTCi

    ...Something few insurance pros ever discuss

    by Jesse Slome

    Last Friday the IRS issued new limits for the tax deductibility of ’tax qualified’ long-term care insurance premiums. Only traditional LTCi policies have this benefit (the hybrid or linked benefit ones do not … a benefit few (if any) consumers know about (because few, if any, insurance agents or financial advisors ever bring up this…
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