Blog Central

Stay informed with April 2024 LTCi industry updates. Nationwide improves CareMatters II pricing in California and lowers the minimum monthly benefit to $1,550, increasing accessibility. Lincoln expands delegate user capabilities in the eSubmission Portal and offers a 10% Dollar Cost Averaging (DCA) rate special for MoneyGuard Market Advantage®. OneAmerica announces new business interest rate changes for Care Solutions products, while EquiTrust kicks off its Producer Incentive Trip qualification period. These updates highlight the industry’s dedication to innovation and client-focused solutions.

Long-term care insurance can offer valuable financial support by helping pay for nursing homes, assisted living facilities and in-home caretakers. But if you're shopping for long-term care insurance in your 70s, you've likely faced some hurdles. After all, with rejection rates around 50% for 70 to 74-year-old applicants, it can be difficult to find a policy that gives you affordable peace of mind - but it's not impossible. 

Long-term care insurance isn't a product that most younger adults are racing to get their hands on. However, the need for this type of insurance grows exponentially as you age.

Have you thought about purchasing long-term care insurance? With most American retirees needing long-term care at some point in their retirement, it's important to plan for the cost of that care. And that care isn't cheap. Though long-term care insurance can help cover that cost, different policy types may do so in different ways. 

Shopping for long-term care insurance in your 70s can be stressful. After all, premiums for this type of insurance typically increase with age and rejection can be a real concern for seniors. But that doesn't mean you shouldn't consider coverage at all.