Results for "long-term care"

Displaying 134 results

Sort: Date | Relevance


Genworth latest to rein in LTC insurance offerings

July 5, 2012

Genworth Financial Inc. will suspend sales of lifetime benefits for its long-term- care insurance products, as well as “10-pay” versions of its LTCI product. The announcement was made to producers Friday, July 1, and originally reported...

Nursing homes bleed assets dry: Study

June 15, 2012

Staying in a nursing home is bad for your financial health. Very bad. A recent analysis by the Employee Benefit Research Institute shows that receiving care in a nursing home drastically depletes assets. Using data from a health and retirement...

Decision not to liquidate LTC insurer could leave policyholders up the creek

May 10, 2012

After three years of legal battles, a judge in Pennsylvania has barred state insurance regulators from liquidating troubled long-term-care insurer Penn Treaty. The end effect on policyholders, however, could be ugly. In a May 3 decision, Commonwealth...

Start now with end-of-life discussions: Expert

May 7, 2012

Financial advisers can play a vital role in helping clients with advance medical directives, said Susan Fox, a lawyer in private practice who focuses on end-of-life issues. Advisers can "step forward and fill the space that has been left open...

Advisers short-sighted about long-term care

May 1, 2012

Apparently, the best way to get a client thinking about long-term care is to turn the attention on family members. Few clients — particularly male ones — think seriously about the possibility that they could require care in a nursing home...

Bought for $881, this LTCI policy's paid out $1.7M

April 23, 2012

Though few people are thrilled about jaw-dropping premiums for long-term-care insurance, the clients with the highest claims in the nation are darn lucky they had the coverage. Insurance companies shelled out some $6.6 billion in LTCI benefits...

'Transformative events' shape client's financial thinking, survey finds

March 19, 2012

Even a solid income and respectable household net worth aren't always enough to keep investors from worrying about the future, according to the results of a new survey. A Citibank study of more than 600 U.S. adults with household incomes of...

Long-term-care insurance suddenly short on sellers

March 8, 2012

Advisers were left with one less long-term care insurer when Prudential Financial Inc. backed away from the individual LTCI business on Wednesday. Though the carrier will continue selling group LTCI coverage, its exit from the individual side...

Prudential to bail on sales of individual long-term care

March 7, 2012

Prudential Financial Inc., the second-biggest U.S. life insurer, said it will halt the sale of individual long-term care policies, joining rivals in retreating from the industry. The company will continue to offer group long-term care insurance,...

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...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 | 7


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.