Long-Term Care Insurance

  • Increased 2020 Tax Deductible Limits For Long-Term Care Insurance Announced
    Increased 2020 Tax Deductible Limits For Long-Term Care Insurance Announced

    Sloan: A 'great subsidy,' especially after retirement

    The just announced increased 2020 tax deductible limits can be a significant benefit for those with tax-qualified long-term care insurance policies according to the American Association for Long-Term Care Insurance(AALTC).
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  • Consumers Should Avoid These Misconceptions About Paying and Planning for Long-term Care
    Consumers Should Avoid These Misconceptions About Paying and Planning for Long-term Care

    While customers and financial professionals agree on the importance of planning for long-term care, the proper steps are not being taken

    Planning for long-term care needs has become an increasingly important topic as the population ages and people are living longer. While the effects of a life-changing health event could impact the entire family, research released by Lincoln Financial Group during Long-Term Care Awareness Month (November) shows that consumers don’t know the entire truth about long-term…
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  • Older Patients And Caregivers Unaware Of Care Options Designed To Alleviate Challenges Of Aging
    Older Patients And Caregivers Unaware Of Care Options Designed To Alleviate Challenges Of Aging

    New  survey finds many incorrectly believe depression, dementia and lack of mobility are inevitable

    Care of older adults is mired in misinformation, with most older patients and caregivers mistakenly believing that sharp declines in quality of life are inevitable, according to a new survey from WebMD and The John A. Hartford Foundation.
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  • Aging & The Burden Of Care
    Aging & The Burden Of Care

    Skyrocketing care costs may make the dream of aging at home more challenging

    The fastest-rising long term care costs are no longer for the most skilled care – in a facility, they're now for the least-complex care – at home, according to Genworth's latest 2019 Cost of Care Survey results, announced today.
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  • Has Affordable Care Finally Gained Traction?
    Has Affordable Care Finally Gained Traction?

    Americans Settle in During Healthcare Uncertainty

    Six years after Health Insurance Exchanges were first launched as a result of the Affordable Care Act (ACA), Americans report they are largely satisfied with their healthcare options, according to a survey of 3,760 adults ages 18-64 in August 2019 by national nonprofit Transamerica Center for Health Studies® (TCHS).
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  • Less than Half of Employers Offer Benefits to Nontraditional Workers
    Less than Half of Employers Offer Benefits to Nontraditional Workers

    Despite recognizing this risk, more than 7 in 10 plan to continue gig work in the future

    Gig work, like being an Uber driver or freelance writer, has become more commonplace. LIMRA research shows 26% of all U.S. workers participate in gig work either as their primary job or as a secondary source of income and almost three quarters of these workers believe they will continue working in this capacity over the…
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  • State of Long-Term Care Insurance
    State of Long-Term Care Insurance

    Assumption review could lead to charges

    As insurers undertake LTC actuarial assumption reviews in 2019, we believe those with outdated and less defendable assumptions will likely make adjustments to align with evolving industry experience and longer-term investment return assumptions, potentially leading to a decline in GAAP margins. T
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  • ‘Ditch the Rear-View Mirror’ When Planning for Income in Retirement
    ‘Ditch the Rear-View Mirror’ When Planning for Income in Retirement

    As retirement nears, consider protection from what’s down the road

    When it comes to planning for retirement, too many people–and financial professionals–are stuck looking backward, said Scott Hall, regional sales director at OneAmerica®. “Often, the Baby Boomers are still focused on asset accumulation, rather than what’s going to happen when they start using those assets for income in their day-to-day living,” Hall said.
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  • GE’s Long-Term Care Exposure Magnifies Counterparty Risk for Several Insurers
    GE’s Long-Term Care Exposure Magnifies Counterparty Risk for Several Insurers

    Alarm bells ringing to strengthen reserves

    The potential need for General Electric (GE) to bolster its long-term care (LTC) insurance reserves at two subsidiaries could also generate pressure on insurers that rely on those companies for reinsurance, according to a new AM Best commentary.
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  • Navigating The Silver Tsunami
    Navigating The Silver Tsunami

    Study reveals caregivers’ lifestyle sacrifices and expectations while caring for loved ones

    The realities of caregiving are hitting home for Americans, as a majority of boomers who expect to be caregivers (92%) are willing to make lifestyle sacrifices to provide care to a family member or loved one.
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  • Individual Life Insurance Combination Product Premium Falls 2% in 2018
    Individual Life Insurance Combination Product Premium Falls 2% in 2018

    Combination products represented 27% of all individual life insurance premium collected in 2018

    After three consecutive years of growth, total new premium for individual life combination products dropped 2% to $4.3 billion in 2018, according to LIMRA’s 2018 Individual Life Combination Products Annual Review. There were 404,000 policies sold in 2018, a 2% increase, compared with 2017 results.
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  • The Demographics, And Geography, Of Long Term Care
    The Demographics, And Geography, Of Long Term Care

    Costs can vary by more than $100,000 annually depending on the care you need and where you live

    More than one in two Americans turning 65 are expected to need some form of long-term care in their lifetime, according to the Department of Health and Human Services. Yet unfortunately, many do not plan accordingly and significantly underestimate the cost of long-term care services, in some cases by nearly 50 percent.
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  • Nearly Half of Young Americans Have Experienced a Quarter-Life Crisis
    Nearly Half of Young Americans Have Experienced a Quarter-Life Crisis

    Making sense of our evolving “adulting” pressures and expectations

    More than half of young Americans (58% of Gen Zs and 52% of young millennials) expect to be more financially successful than their parents, according to a new survey conducted by The Harris Poll on behalf of TD Ameritrade.
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