Compared to 2012, leading long-term care insurance companies recorded increases of 30%-55% in applications submitted during the first two months of the year.
According to the findings of a study released this week by the American Association for Long-Term Care Insurance, January and February were busy months for insurers. The organization based their report on data representing nearly 30,000 individual long-term care insurance policies submitted during the first more »
A new report compiled by CSG Actuarial for the American Association for Medicare Supplement Insurance (AAMSI) reveals that Medicare supplement insurance industry sales grew by nine percent in 2012. "Total annualized new premium for the industry was approximately $3.1 billion," states Doug Feekin, ASA, MAAA, principal and consulting actuary for the Omaha-based actuarial firm that conducted the analysis. "Total Medigap premium for the prior year was about $2.85 more »
The negative-sounding headlines about departures of insurance companies that offered long-term care insurance and those now seeking double digit premium increases could lead one to believe that the industry's future is indeed dim.
Having spent most of the past two decades focused on long-term care insurance and working with many of the industry's bright minds, I fear many investors and are coming to their erroneous conclusions simply because more »
I received a phone call yesterday from a consumer who had just completed an application for long term care insurance and was seeking to validate some information. I found the conversation revealing because the process they took to arrive at their final decision, as well as many of their questions were, I believe, quite common. I share this information with the hope that it will make your journey a bit more »
This is a provocative headline designed to draw the attention of women who are single, women who are divorced or widowed and even for women who are presently married because chances are, at some point in the future, you will be living alone.
Let me start with a disclaimer. I am executive director of the American Association for Long-Term Care Insurance and it's my job to advocate on behalf of planning. But, after working in this industry for nearly two decades, I will say that not everybody should buy long term care insurance ... many people buy too much ... and lots of people needlessly pay too much.
Finally, I do not sell insurance more »