Pay Attention to the Small Details When Dealing with Long-Term Care Insurers

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A long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidentally wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details. Madeleine Maldonado, of … Read More

Long-Term Care Costs Continue to Rise

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Genworth, a long-term care insurance provider, has just released the findings of its 2016 survey on the costs of providing long-term care. Not surprisingly, costs have increased since the 2015 survey. In fact, costs have steadily risen over the past … Read More

MORE GOOD THAN BAD: The Benefits and Drawbacks of Buying an Annuity Doubler to Pay for Long-Term Care

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As long-term care insurance premiums keep rising and fewer companies are offering policies, seniors are looking for other ways to help pay for long-term care. Annuity “nursing home doublers” have emerged as a new long-term care option. These doublers can … Read More

How Likely Are You to Need Long-Term Care?

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Planning for retirement and deciding whether to buy long-term care insurance would be a lot easier if you knew your odds of needing long-term care, as well as at what age and for how long. Unfortunately, there’s no definite answer. … Read More

How to Use IRA Savings to Buy Long-Term Care Insurance

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Long-term care insurance (LTCi) is an important element of good retirement planning, since it offers financial protection against unexpected illness or disability that would otherwise eat into savings. However, many LTCi plans are simply too expensive for most retirees or … Read More