LTC in the News: Is long-term care insurance worth buying in your 50s? Experts weigh in
You should strongly consider purchasing long-term care insurance as you age. Long-term care services can be costly, and since most older adults will need them, it's important to plan for that cost well in advance.
LTC in the News: Does long-term care insurance cover adult day care?
Are you thinking about buying a long-term care insurance policy? If so, you may be making a wise decision.
May 2024 Industry News and Updates
Stay informed with May 2024 LTCi industry updates: Lincoln Financial introduces an indemnity option for MoneyGuard, Nationwide improves CareMatters II pricing in California, and OneAmerica offers instant underwriting for premiums up to $1 million. Mutual of Omaha raises maximum monthly benefits to $15,000, while National Guardian Life launches e-Delivery for policies. These updates highlight the industry's focus on accessibility and enhanced client experiences.
LTC in the News: Why you should purchase long-term care insurance at 65 years-old, according to experts
When you’re 65 years-old, you have around a 70% chance of needing long-term care later in life. And since that care can cost tens or even hundreds of thousands of dollars per year, it’s important to plan for the expense.
LTC in the News: How much does long-term care insurance cost for a 65 year-old?
Long-term care insurance is a valuable financial planning tool considering that it can help cover the cost of nursing homes, assisted living communities and even home health aides later in life. On the other hand, you'll have to pay premiums to purchase and maintain coverage. And, those premiums can get expensive if you wait too long to purchase a policy.