Results for "long-term care"

Displaying 120 results

Sort: Date | Relevance


GE's long-term-care insurance woes are symptomatic of ailing industry

February 9, 2018

The long-term-care insurance industry is struggling, and executives and analysts have seized on General Electric Co.'s recent travails to illustrate the point. Nearly a month ago, General Electric Co. disclosed a $6.2 billion charge associated...

Longevity is the best reason to invest in LTC

December 21, 2017

A majority of the population is going to need long-term care someday. It's seldom easy, however, to convince clients that they should protect themselves with LTC insurance just when they're enjoying a healthy middle age, with more immediate...

State of the long-term care insurance industry

November 30, 2017

Everyone, it seems, has a caregiving story. That's because the challenges of growing older affect us all. As a son and husband, I experienced this firsthand caring for my own family. My wife is now confronting the challenges of caring for her...

Filial laws put kids on the hook for parents' health-care costs

November 22, 2017

State laws known as filial responsibility laws have the potential to stick unwitting family members with relatives' hefty long-term-care costs. One of the best-known examples comes from a court case in Pennsylvania, in which a man was ordered...

Building Blocks of Special Needs Financial Planning

October 16, 2017

Long-term special needs financial planning can be challenging, especially with the complex legal and governmental issues surrounding disability. The wrong decision might create a tax burden or render a child with special needs ineligible for...

How to pay for long-term care? Several funding options exist

October 9, 2017

Roughly half of Americans turning 65 today will require long-term care. As life expectancy continues to rise and the cost of care creeps up, there's a growing need for financial advisers to be knowledgeable about long-term-care funding mechanisms...

Manulife cites 'challenging' businesses amid spinoff talk

August 10, 2017

Manulife Financial Corp., Canada's largest life insurer, acknowledged that it has poorly performing books of business amid speculation that the company is seeking to exit its John Hancock operation in the U.S. "We have some challenging blocks...

John Hancock ceases sales of traditional long-term-care insurance policies

November 10, 2016

John Hancock Life Insurance Co. announced Thursday that it will discontinue the sale of individual long-term-care insurance policies starting next year, in yet the most recent blow to an industry that's struggled to overcome the barriers of...

China Oceanwide agrees to buy Genworth for $2.7 billion in cash

October 24, 2016

China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term...

Nationwide to buy Jefferson National

September 28, 2016

Nationwide has agreed to buy Jefferson National, a distributor of variable annuities for clients of registered investment advisers. The acquisition, which expands Nationwide's ability to sell financial products through Jefferson National's network...

Long-term-care insurance market sees rapid decline

July 21, 2016

The traditional long-term-care insurance industry is in a difficult spot. Sales have dropped precipitously over the past several years, due to factors outside insurance companies' control — such as persistently low interest rates and demographic...

DOL fiduciary rule can also be applied to insurance

June 12, 2016

What's the best type of life insurance? That question has been been debated for decades. In the 1980s, universal life products were considered the best. In the 1990s, it was variable universal life products, and in the 2000s, it was guaranteed...

Make clients aware of filial laws that could wreak havoc on the financial security of millions

June 5, 2016

Longer life expectancies, coupled with skyrocketing nursing home costs, mean more retirees face the prospect of outliving their savings. The situation also jeopardizes the retirement security of their children, many of whom are members of the...

Why filial laws are a 'sleeping giant' that could prompt long-term-care planning

May 24, 2016

For those clients stubbornly objecting to engage in long-term-care planning, here's a point that could drive home its importance: They could inadvertently stick their kids with a huge medical bill down the road. That's because of something known...

Advisers' role in retiree health care

May 15, 2016

What's the single biggest expense that your clients will face once they've retired? Housing? Recreation? How about health care costs? Between Medicare premiums and the portion of medical bills Medicare doesn't pay, health care costs are actually...

The road to retirement just got rockier

April 3, 2016

Insurance companies finally are accepting that interest rates are not likely to increase substantially in the foreseeable future and are pushing up the costs of some key forms of insurance — long-term care coverage in particular — which...

Genworth to pay $219M to settle securities lawsuit related to long-term-care insurance

March 14, 2016

Genworth Financial Inc. has settled a class-action lawsuit alleging misrepresentations over its long-term-care insurance business for $219 million. Genworth, the largest long-term-care insurance carrier, announced after the market close on Friday...

Genworth debuts new annuity for long-term-care coverage

February 22, 2016

Genworth Financial, the largest provider of traditional long-term-care insurance in the U.S., on Monday debuted an annuity product that marks a new way the firm can deliver LTC coverage to consumers. The launch follows Genworth's announcement...

Elder financial abuse grows more prevalent in annuity, life insurance products

February 11, 2016

Financial fraudsters have been turning their attention more regularly to insurance products as a way to take advantage of the U.S. senior population. Products such as annuities and life insurance have generally been viewed as less frequent targets...

Genworth doubles down on LTC business in challenging market

February 5, 2016

Genworth Financial Inc. is doubling down on its long-term care business unit amid a challenging market environment that's seen LTC sales dip markedly over the past several years and insurers suffer due to low interest rates. Genworth on Thursday...

Next Page »

1 | 2 | 3 | 4 | 5 | 6


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.