Guest Post by Michael Feinberg CLU, ChFC, Director of Insurance for Madison Financial StrategiesAs the population has continued to age over the last 30-40 years, one major risk to the financial wellbeing of individuals and … [Read more...]
Print This PageDoes Estate Planning Include Financial Planning, and Should Your Estate Planning Attorney Also Be a Financial Planner?
April 19, 2024 by
When you go through the legal process of Estate Planning, this includes you deciding: (1) who you want to receive any real estate, savings/investments, tangible personal property, and other assets of yours after your death; (2) … [Read more...]
Print This PageWhy Did the OPM Suspend Its Long-Term Care Insurance Program for Two Years?
March 7, 2023 by
Seventy percent of people will need long-term care during their lifetime, and it’s catastrophically expensive! If you like to plan in advance, you may have considered long-term care (LTC) insurance as an option, and if you work … [Read more...]
Print This PageAre Changes on the Horizon for Long-Term Care Insurance?
August 18, 2020 by
As we get older, many of us will need long-term care. In fact, the statistic hasn’t changed — 70% of Americans 65 and over will need some type of long-term care in their lifetime. This could mean a nursing home stay, home … [Read more...]
Print This PageWhat to Do When Long-Term Care Insurance Premiums are Skyrocketing
February 1, 2019 by
Q. Last week my friend, Patty, received notice of a substantial increase in her long-term care insurance premiums. She was so upset that she fired off an email to the Virginia Insurance Commissioner, Scott White, exclaiming how … [Read more...]
Print This PageNew Resource Will Help Consumers Connect With LTC Insurers
August 16, 2018 by
Since 1990, nearly 10 million Americans have purchased a long-term care insurance policy. Unfortunately, when the policies were needed 15-20 years later, many of these people (or their adult children) couldn't find the copies of … [Read more...]
Print This PageLong-Term Care Insurance: That Wasn’t Supposed to Happen!
June 29, 2018 by
Q. When my mom was in her 50's, long-term care insurance seemed like a great idea. She bought a policy while she and my father were still relatively healthy, paid their monthly premiums on time every month, and in return they … [Read more...]
Print This PageLong-Term Care Insurance vs. Life Insurance with a Long-Term Care Rider
May 4, 2018 by
Q. My mother was in a nursing home for about two years prior to her death, and it cost the family most of her savings. I don't want the same to happen to me and my husband. Therefore, we are trying to make the decision of buying … [Read more...]
Print This PageWhat Happens When a Long-Term Care Insurer Goes Belly Up?
August 18, 2017 by
Q. My husband and I are seriously considering long-term care insurance. I read recently, however, that Penn Treaty is facing liquidation, and health insurers across the country are on the hook for hundreds of millions of dollars … [Read more...]
Print This PageCritter Corner: FAQs About Hybrid Insurance Policies
August 18, 2017 by
Dear Ribbit,I am considering a hybrid insurance policy, but I have several questions. If I send them to you, can you help me answer them to clarify some things to help me make a decision. Thanks very much!Hy … [Read more...]
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