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Long-Term Care awareness month is almost upon us – which always provides a timely opportunity to emphasize the importance of Long-Term Care insurance [LTCi] and its place in one’s financial plan. Part of this conversation typically includes the urgency to act now to limit exposure and lock-in more affordable premiums. Another consideration, however, is the…

These days you can’t go too long without hearing about “millennials” – roughly speaking, the generation of those born between 1982 and 2000 – and when it comes to issues surrounding long-term care, the situation, perhaps surprisingly, is no different. Each generation has had to deal with its own long-term care challenges. For the past…

People often think about insurance in a purely transactional sense. They view it as the purchase of a product that they may or may not use just in case they experience a certain type of loss.  Of course, this is one of the fundamental purposes of insurance, but thinking about it this rigidly strips away…

This November marks the 18th anniversary of Long-Term Care Awareness Month. With the holiday season nearly underway and thoughts of family on everyone’s mind, this is the perfect time of year to bring up discussions about the need to consider the important role that long-term care plays in one’s retirement plan. The need for proper…

One of the many benefits of Long-Term Care insurance [LTCi] is the flexibility it provides when one needs long-term care services. Not surprisingly, most people prefer to receive care in their own home if at all possible. In fact, 77% of adults age 40+ indicate as much1. However, when the need for more intense or…

With pension plans becoming harder to come by and growing uncertainty surrounding the future of the Social Security system, retirement planning continues to be more of a personal responsibility. Faced with this reality, employees are increasingly looking to their employers for advice and guidance with retirement planning. Near the height of the recession in 2008,…

What’s often lost in news of rate increases and announcements of carriers entering and exiting the market is the fact that Long-Term Care insurance [LTCi] claims continue to grow – both in amount paid and number of claimants. With prospective consumers and current policyholders potentially wary of the industry due to this one-sided media coverage,…

This LTCi carve-out design will cost the employer less, provide increased benefits to the employee, and make you, the producer, more! Our practice is primarily focused on employer-funded long-term care insurance and these types of cases account for approximately 75% of all new cases in our firm. Three years ago, we introduced a program design that…