Long Term Care Policies in trouble?

Several events this past week are concerning about the financial viability of Long Term Care Policies. In South Carolina, rate increases filed with the department of insurance last week requested between 143%-259%. The Director of the insurance department turned down those increases, which leads to the second event. In New York, Genworth (the largest writer in the past few years …

Life Insurance Products with Long-Term Care Riders

Are they worthwhile alternatives to traditional LTC policies? Provided by Reeve Conover – Conover Consulting The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted …