How sick is the long-term care insurance industry?The headlines are bleak:“What’s killing the long-term care insurance industry?”“Costs of Long-Term Care Rise While Payment Options Narrow”Contrary to what is often published on the internet, long-term care insurance...
There are three issues concerning people who are considering long-term care insurance: The underwriting and approval process can be long and difficult Claims may not be paid in the future when care is needed, and Premiums might skyrocket forcing you to drop the...
Myth #1 Most long-term care insurance claims are for nursing home careWhen the long-term care insurance began in the mid-1960’s, most policies only covered the cost of nursing homes. It wasn’t until the early 1990’s that insurers began including riders that covered...
There are 10 tax-friendly ways to pay long-term care insurance premiums. Depending on your situation, you could save hundreds (possibly thousands) of dollars in income taxes over several years by applying just one of these methods. Caveat: LTCFacts.org is not a tax...
Non-Forfeiture Benefits = A policy feature that returns at least part of the premiums to you if you cancel your policy or let it lapse.
