John Hancock to Re-enter California Individual Long-Term Care Insurance Market
BOSTON, Feb. 1, 2012 /PRNewswire/ --Â John Hancock today announced that its individual long-term care insurance would be available in California, beginning February 27, including both its new California ...
Long-term-care insurance is more expensive than it’s worth for some people
1 Determine if you qualify financially Don’t buy if the out-of-pocket cost for the coverage would be more than you can afford. Consumer Reports advises people that if their net worth, excluding their home, is below $300,000, long-term-care insurance is not a good buy for them. The National Association of Insurance Commissioners also recommends that consumers spend no more than 5 percent of their ...
Northwestern Mutual Unveils New Data on Long-Term Care Costs Across the Nation
MILWAUKEE, Jan. 19, 2012 /PRNewswire/ -- Northwestern Mutual's latest Cost of Long-Term Care study , released today, reveals consistently high costs for home health care, assisted living and nursing home ...
Long Term Care Insurance State Tax Deduction Guide
A new online guide reports on state-level tax deductions and tax credits for long term care insurance.
Long-term-care insurance offers protection, but it’s not right for everyone
In the last years of Martin Privot’s life, his family had to start selling his assets to pay for his nursing home costs. “He needed 24-hour care and couldn’t be left alone,” recalls his daughter Toni Footer. “My biggest fear was we would run [through his money] and wouldn’t be able to provide the care that he needed.” Read full article >>