Long-Term Care Insurance Trends in 2019
Three weeks ago, the leading American company selling long-term care insurance suspended sales of its lead product. Last week, the company restarted sales — but only by direct online contact. In other words, brokers and insurance salespeople are now cut out of the loop for the largest seller. What does that mean for the marketplace, […]
Have You Considered Buying Long-Term Care Insurance?
JUNE 6, 2016 VOLUME 23 NUMBER 21 Spoiler alert: the cost of long-term care can be really high. One of the leading national insurance companies (Genworth USA) conducts an annual survey of the actual costs, breaking them down by state and even by major cities within each state. Genworth’s estimate of the cost of a […]
Long-Term Care Insurance: A 2013 Update
MARCH 16, 2013 VOLUME 20 NUMBER 11 A colleague recently asked if we knew why long-term care insurance premiums might be climbing significantly in the next month or so. We didn’t, but it got us thinking about how the industry has changed over the past few years. Is it still a good idea to purchase […]
Consumer Alert: Watch Out for Pitchmen — Come Hear Our Pitch
MARCH 28, 2011 VOLUME 18 NUMBER 11 Are we just too cynical? Is it possible that the flyer we received in the mail last week is genuinely valuable and the company upstanding? Could it be that it is not an annuity sales pitch aimed at seniors? On one side we see a series of “Consumer […]
Improving Communication Between You and Your Doctor
AUGUST 2, 2010 VOLUME 17 NUMBER 24 Your doctor is busy. She is seeing dozens of patients every day, and their insurance plans force her to get those patients taken care of and out the door quickly. By default, she may limit her contact to the minimum necessary to diagnose and treat. But you want […]
Non-Lawyer Trust Preparation Group Shut Down in Indiana
MAY 3, 2010 VOLUME 17, NUMBER 15 United Financial Systems Corporation looks like they can do it all. According to their website (which you will have to look up for yourself — we don’t want to point to it since it still includes information about how to sign up for the activities that have now […]
Trust Salesmen Alleged To Have Pushed Seniors Into Annuities
JULY 14, 2003 VOLUME 11, NUMBER 2 Philip Klein thought he was getting estate planning advice. At first he probably didn’t realize he was also talking to an insurance agent. His children ended up suing the agent, the insurance company and the “estate planning services” firm employing the agent. Mr. Klein was 85 years old […]
Living Trusts Are Valuable Tools Alright, But Watch That Pitch
MARCH 1, 1999 VOLUME 6, NUMBER 35 “Since the Revocable Living Trust avoids the expensive and lengthy legal process known as ‘probate’” proclaims a national insurance sales agency in its brochure, “it is fast replacing the Last Will and Testament as the preferred method for asset distribution.” Elsewhere, the same insurance agency promises that the […]
