Long-Term Care Insurance

  • All LTC Protection Is Not Created Equal
    All LTC Protection Is Not Created Equal

    Survey: Nearly 4 in 10 Americans 65+ haven't talked with others about preparing for possible need of long-term care

    Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven't had conversations with anyone about preparing for their possible need of long-term care (LTC). The proportion was similar to American adults overall, 38 percent of whom said they hadn't had such conversations.
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  • The Rising Costs of Caring
    The Rising Costs of Caring

    Genworth’s 15th Annual Cost of Care Survey Shows Continuing Rise in Long Term Care Costs

    Living longer has its advantages, but it also increases the likelihood of needing long term care[2], a proposition that is getting more costly with every passing year.
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  • Having The ‘Care Conversation’
    Having The ‘Care Conversation’

    Survey: Nearly 4 in 10 Americans 65+ haven’t talked with others about preparing for possible need of long-term care

    Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven’t had conversations with anyone about preparing for their possible need of long-term care (LTC).
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  • Affluent Older Americans Want Family Caregivers, But Fear Becoming a Burden and Insist on Paying Them
    Affluent Older Americans Want Family Caregivers, But Fear Becoming a Burden and Insist on Paying Them

    New survey reveals the importance of long-term care planning and insurance, though many avoid it

    Affluent older Americans have many concerns about long-term care in retirement and not talking about it may be making matters worse. A new Nationwide Retirement Institute® survey reveals that 56 percent of affluent older Americans would rather die than live in a nursing home, yet 47 percent fear becoming a burden, with women more likely than…
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  • Amazon’s Moves Signal Digital Opportunity for All Insurers
    Amazon’s Moves Signal Digital Opportunity for All Insurers

    Just how vulnerable are traditional carriers to this kind of disruption?

    by Denise Garth

    India is a market that is ready to capture all that Digital Insurance 2.0 has to offer, as we note in our report, Digital Insurance 2.0: Reshaping India’s Insurance Sector. It has a demographic position that is perfect for insurance penetration and growth and a government that is pushing technology solutions to alleviate economic and…
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  • LIMRA and The Institutes RiskBlock Announce First Blockchain Use Case for Life Insurance and Annuity Sector
    LIMRA and The Institutes RiskBlock Announce First Blockchain Use Case for Life Insurance and Annuity Sector

    Mortality Monitor will help insurers address regulatory requirements to compare policyholder data with the Social Security Administration’s Death Master File

    LIMRA and The Institutes’ RiskBlock™ Alliance have announced the first blockchain use case for the insurance consortia’s newly formed life and annuity sector.
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  • Conversation Marketing Hacks: 8 Ways to ‘Speak Human’ and Change the Game
    Conversation Marketing Hacks: 8 Ways to ‘Speak Human’ and Change the Game

    People don't start out caring about your products, they care more about how you'll make a difference in their lives

    by Merilee Kern, MBA

    Nobody starts out automatically caring about your products or services. They care about how you can make a difference in their lives. No matter the context, all relationships begin with a “handshake moment,” whether literally or figuratively—those first few introductory moments that reveal a great deal about the character of the person standing before you.
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  • Unum Group Announces Results of Long-term Care Reserve Review
    Unum Group Announces Results of Long-term Care Reserve Review

    Company expects to increase its long-term care GAAP reserves in the third quarter of 2018

    Unum Group (NYSE:UNM) is announcing today that it has substantially completed its reserve review for its long-term care block of business, previously referenced in the company’s second quarter 2018 earnings release.
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  • Debt, Life Insurance And The Age/Gender Gap
    Debt, Life Insurance And The Age/Gender Gap

    Younger workers and women are more likely to be worried about life insurance, less likely to understand its financial benefits

    Employee benefits provider Unum (NYSE: UNM) finds that nearly half (45 percent) of 25-34-year-olds reported feeling stressed or worried when thinking about life insurance, compared to just 29 percent of those 35-49. Women were significantly more anxiety-ridden about life insurance, with 37 percent reporting feeling stressed or worried.
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  • Life Insurance And The Familial Risk
    Life Insurance And The Familial Risk

    Younger workers and women are more likely to be worried about life insurance, less likely to understand its financial benefits

    Employee benefits provider Unum (NYSE: UNM) finds that nearly half (45 percent) of 25-34-year-olds reported feeling stressed or worried when thinking about life insurance, compared to just 29 percent of those 35-49.
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  • Strong Indexed UL Sales Drive Life Premium Growth in Q2
    Strong Indexed UL Sales Drive Life Premium Growth in Q2

    IUL drives a 15% comeback

    With a 15 percent increase, indexed universal life (IUL) new annualized premium propelled U.S. individual life insurance new premium to grow 2 percent in the second quarter 2018, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.
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  • 54% of Americans Own a Life Insurance Policy, But One-Third Not Exactly Sure How It Works
    54% of Americans Own a Life Insurance Policy, But One-Third Not Exactly Sure How It Works

    Although we all hope there is never a need for it, insurance can be invaluable if the unexpected happens

    No one expects or desires an apartment fire, but renters insurance is nice to have at such a moment. Car crashes are quite unpleasant, but if you happen to be involved in one, having collision coverage as part of your auto insurance policy is useful.
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  • In-force LTC Rate Increases Continue, Some Lower Than Actuarially Justified
    In-force LTC Rate Increases Continue, Some Lower Than Actuarially Justified

    Regulators across 40 states approved 254 rate filings seeking premium increases during Q2

    Regulators continue to grant rate hikes for insurers’ legacy blocks of long-term care business, though in some instances the increases are significantly below what are actuarially justified. In total, regulators across 40 states approved 254 rate filings seeking premiums increases during the second quarter, according to information collected by S&P Global Market Intelligence.
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