Category Archives: Basics of Long Term Care Insurance

New Study on Caregiving and Its Impacts

Transamerica Institute is featuring a new study on The Many Faces of Caregivers: A Close-Up Look at Caregiving and Its Impacts. They surveyed over 3,000 non-professional family caregivers around the country to offer a better understanding of a caregiver’s duties. The study included the impact of caregiving on a person’s personal health, well-being, finances, employment, and preparations for retirement.

The research offers an in-depth analysis of caregivers by employment status, gender, generation, ethnicity, household income, whether they are the primary caregiver, and whether they volunteered to be a caregiver or not. Also included was information about their personal health and financial situation.

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A Look at the Rising Cost of Long Term Care

Genworth Financial recently released their annual 2017 Cost of Care Survey Findings. For 14 years, Genworth has examined and documented trends across the long term care services market. It’s not surprising that their results have found the costs for care services steadily rising over the years for home care, nursing home care, and everything in between.

To help you digest their new 2017 survey report, we’re providing an overview of their findings based on the national median rates for various care settings.

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The Spooky Truth About Not Having a Long Term Care Plan

Have you created a long term care plan for your future? It’s frightening to realize 70% of people will need long term care services due to a physical or cognitive impairment as they age. With these odds, the best way to prepare for the future is to make a plan for long term care before you need it. Here’s the spooky truth of what could happen if you don’t make a long term care plan.

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Our Top 3 Picks for Long Term Care Insurance Companies

Just like you shop around for the best auto insurance coverage, you should also shop around for Long Term Care insurance (LTCI). Here, we’re helping you by recommending our top three picks for Long Term Care Insurance companies.

Our review comes from decades of experience working in the LTCI market. We’ve watched carriers come and go, release policy series rate increases, innovate with new products, and most importantly, pay claims.

Learn more about these top three LTCI carriers (in alphabetical order) and why they’re leading the market today.

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