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 […]
Forgot to Make New Year’s Resolutions? We Can Help
JANUARY 5, 2015 VOLUME 22 NUMBER 1 First we’d like to apologize for not getting this to you last week. We know how hard you were working to prepare some good New Year’s Resolutions. You wanted some that you could actually count on satisfying, that would really be beneficial, and that would make you sound […]
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 […]
What Is “Elder Law”?
OCTOBER 15, 2012 VOLUME 19 NUMBER 38 At Fleming & Curti, PLC, we practice “elder law.” But what does that mean? Are all our attorneys elderly? (No) Are they all senior members of a religious group? (No) Are all our clients above a certain age? (No) Then what is the significance of the term “elder […]
Home Care Suggestions From A National Elder Law Expert
JUNE 17, 2002 VOLUME 9, NUMBER 51 North Hollywood, California, elder law attorney Stuart Zimring knows what his clients want. “In my Elder Law practice,” he writes, “I have found that when I ask my clients (or their families) what they want more than anything, the answer is frequently ‘I want to stay at home. […]
False Application Info Leads To Rescission Of LTC Insurance
JANUARY 8, 2001 VOLUME 8, NUMBER 28 Norma Steinback was interested in purchasing long term care insurance for her husband Jack. When she saw a solicitation from Bankers Life and Casualty Company she returned the postcard indicating an interest. Shortly thereafter Bankers Life agent James Van Noten visited the Steinbacks at their Montana home. During […]
Insurance Saleswoman Unduly Influences Wisconsin Man
AUGUST 23, 1999 VOLUME 7, NUMBER 8 Vanessa Henningfeld first met 71-year-old George Milas when she visited his Wisconsin home to sell him a long-term care insurance policy. The two of them quickly became friends. Mr. Milas had a number of problems to deal with. He had a heavy Lithuanian accent that made it hard […]
Three Common Myths About Paying For Nursing Home Care
JANUARY 25, 1999 VOLUME 6, NUMBER 30 The possibility of nursing home placement terrifies many seniors and their families. The specter of loss of control and dignity is part of the problem, but financial concerns may also be overwhelming. It does not help that accurate information is so difficult to obtain. Myths about nursing home […]
