Results for "long-term care"

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Banks missing a trick by not selling insurance: Survey

March 5, 2012

Bankers looking to wring the most money out of existing customers might thinking about selling them some insurance. Indeed, a new study showed that banks and credit unions are missing a yawning opportunity to generate revenue by expanding wealth...

Lincoln may get more defensive with MoneyGuard hybrid

November 21, 2011

Lincoln National Corp. may raise fees and change its benefits on its popular MoneyGuard Reserve product, a combination of universal life insurance and long-term-care benefits. The insurer is weighing the possibility of making changes to MoneyGuard...

LTCI too pricey even for Uncle Sam as CLASS Act yanked

October 18, 2011

Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed. The Department of Health and Human Services on Friday told Congress that...

Fighting for market share in the LTC business

October 2, 2011

A handful of publicly held life insurers dominate the market for traditional long-term-care insurance, but mutual life insurers are beginning to make inroads with agents and financial advisers. Genworth Financial Inc. and John Hancock Life Insurance...

Clients want to avoid nursing homes — or even talking about it

September 9, 2011

A good chunk of the American population over 65 is expected to need long-term care, but few are actually preparing for it. Even affluent individuals shy away from discussing their long-term-care plans with their financial advisers, according...

Insurers getting plenty of mileage out of LTC hybrids

May 19, 2011

Pearl Neier, 85, said she decided against long-term-care insurance after hearing about the policies from AARP, the Washington-based group that lobbies for older Americans. “It was much too high for me,” said Neier, sitting in the sunny dining...

In selling LTC insurance, shift the focus to the risk for family members

May 3, 2011

If you're recommending long-term-care insurance to clients as a way for them to protect assets and to care for themselves when they're old and sick, you're probably doing it incorrectly. At least that's what Harley Gordon thinks. The president...

How to double your nest egg

March 8, 2011

Financial planning experts Mary Beth Franklin and Mark Cortazzo discuss what baby boomers can do to ensure they don't go bust in their senior years

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...

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