Results for "long-term care"

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Yet another insurer bows out of LTC biz

February 7, 2011

Does anyone want to write long-term-care insurance policies anymore? Increasingly, the answer to that question looks like a resounding ‘no.' Today, yet another carrier — Guardian Life Insurance Company of America — announced it will cease...

Prudential latest to rev up hybrid LTC product

December 9, 2010

Like automobiles, the future of long-term-care insurance may lie in hybrids. Indeed, Prudential Financial Inc. today confirmed that it is working on a hybrid life insurance and long-term-care product. The insurer may roll out the combined product...

Older individuals pay more for new LTC policies: Study

November 29, 2010

Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance. According...

MetLife's exit from LTC a positive for carrier: Moody's

November 15, 2010

MetLife Inc.'s decision to stop writing new long-term-care insurance should be viewed as a positive event, according to Moody's Investor Services. MetLife's announcement last Thursday that after Dec. 30, it will no longer accept applications...

Abandoning LTC, MetLife sparks worries

November 15, 2010

MetLife Inc.'s announcement last week that it will stop writing new long-term-care insurance shocked advisers, raising fears that rates will rise for existing blocks of business and that other carriers will exit the industry. “There wasn't...

MetLife halts sale of new long-term-care insurance

November 11, 2010

MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business. MetLife, led by Chief Executive Officer Robert Henrikson, is focusing on growth in Asia after...

Moody's downgrades John Hancock Life on LTC worries

November 5, 2010

Moody's Investors Service late yesterday downgraded John Hancock Life Insurance Co. (USA)'s insurance financial strength ratings, citing problems in the carrier's long-term-care insurance business. The rating agency trimmed the ratings on John...

Jumbo LTC rate hike for Hancock not likely, say analysts

September 30, 2010

State insurance regulators are not likely to approve John Hancock's recently announced long-term-care rate hikes, denting third-quarter profits for the insurer's parent company, Manulife Financial Corp., according to analysts. “When investors...

LTC costs rising, but at slower clip than pre-crisis

September 21, 2010

The costs of long-term-care continue to rise, although at a slower pace than before the economic slowdown as nursing homes and home health care providers reduce charges. Between 2008 and 2010, the cost of daily care in a nursing home with a...

Andrew Lo on 'Geriatric Finance': When the planning needs to start

May 13, 2010

Andrew Lo, the Harris & Harris Group Professor of Finance at the Massachusetts Institute of Technology's Sloan School of Management, and the founder and chief investment strategist of AlphaSimplex Group, LLC, discusses how Investors should plan...

Clients need a little LTC advice

May 4, 2010

Addressing long-term-health-care insurance as part of a client’s financial plan may be uncomfortable, but not acting can lead to a lifetime of savings’ being erased in months. Too often, clients are faced with heartbreaking health care decisions...

LTC carriers reeling from low rates, lack of rate hikes

April 6, 2010

Low interest rates and a failure to obtain rate hikes on older accounts are just two of the issues hobbling long-term-care insurers, according to a new study by A.M. Best Co. Inc. Despite the fact that insurance carriers have tightened their...

Genworth launches another hybrid annuity

March 30, 2010

Genworth Financial Inc. yesterday released its Total Living Coverage Annuity, a hybrid product that combines long-term-care coverage with an annuity. This product pairs up a single-premium, non-qualified deferred annuity with a long-term-care...

B-Ds reluctant to OK exchanges into LTC

March 28, 2010

Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit the brakes, citing problems with...

Retirees facing minimum $200K bill for lifetime care

March 2, 2010

Unexpected spikes in health care expenses can dramatically ramp up the cost of lifetime care for retirees. A news study conducted by the Center for Retirement Research at Boston College found that a couple who are both aged 65 — and who are...

Obama wants to apply Medicare tax to investment income

February 22, 2010

President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households. The health care proposal released today by the White House would extend the existing 2.9% Medicare tax to unearned...

Consumer-driven care falls flat

January 29, 2007

WASHINGTON — Americans with consumer-driven health plans are less satisfied with their health care than those with more-comprehensive coverage, according to a study released last month by the Employee Benefit Research Institute and The Commonwealth...

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