With the continuous increase in the costs of living, unstable financial market, and still yet to be fully-solved economic crisis, one can never really be certain of what awaits us in the years to come. It is good to save and plan ahead for our future but we must be wise enough to know [...]
Read More...Every eight seconds there’s somebody in the country celebrating his 50th birthday, which explains how the health industry has arrived at an estimation of 80 million Americans who will require long term care over the next 20 years. Though this number seems alarming, less than half of this population has purchased long term care insurance [...]
Read More...The sale of long-term care policies in the past years lowered due to the wobbling economy and the staggering costs of LTC throughout the country. Many individuals are scared of investing on long-term care insurance, they believe that their lifetime savings are put to risk and there’s no sense to buying LTCi policies. Otherwise, this [...]
Read More...Most long term care policies today have added “riders” that sizzle the overall policy benefits. This is one of the strategies of insurance companies to encourage policyholders of adding such enticing package of special features, discounts, and riders. It seems these companies are trying to spoon-feed clients with those extra features, and, thus, triggers the [...]
Read More...Indemnity long term care insurance policy works the same and contains the features of other LTC policies. Before you start receiving benefits, your condition must be deemed “insurable.” A “plan of care” should be submitted and approved before the coverage starts. Either type of policy will issue certification period, and then pay only for the [...]
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