Inflation: The Silent Killer of LTCi

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(This article is part of a series covering the different types of riders available for long-term care insurance. To read the parent article, detailing the different types of  LTCi Riders, click here.) Let's begin with a crash course in inflation.  Way back in 1953, a gallon of gas cost 20-cents, a new car $1,650, and a new home $9,550.  If you were a teacher, you'd pay for it all on your modest salary of $4,200/year.  59-years later, you don't need me to research today's prices: as a … [Read more...]

Filed Under: Featured Slider, LTC/HHC, Senior Products
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Three States Pass Life Insurance Policy Conversion Study Bills

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FL, CT, and HI look to long term care benefit plans to offset Medicaid costs Joining Connecticut and Florida, Hawaii is the latest state to pass a study bill establishing a task force and timeframe to examine the conversion of life insurance policies into Long Term Care Benefit Plans. With states facing enormous fiscal pressures and ballooning Medicaid budgets, they are all looking for private market solutions to help extend peoples' ability to remain private pay in long term care for as long … [Read more...]

Filed Under: Insurance News, LTC/HHC, Senior Products

Florida Legislature passes HB 5001: Life Insurance Policy Conversion Study Bill

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LIFE CARE FUNDING GROUP APPLAUDS THE FLORIDA LEGISLATURE FOR PASSING LIFE INSURANCE POLICY CONVERSION STUDY BILL   Study Bill will examine tax dollar savings from converting life insurance policies into long term care benefit plans for Medicaid eligibility  (March 12, 2012)— Life Care Funding Group congratulates the Florida legislature for passing HB 5001 during the 2012 legislative session; thereby establishing a taskforce and timeframe to examine the cost savings for Florida tax payers … [Read more...]

Filed Under: Insurance News, LTC/HHC, Senior Products

The Top 10 Long-Term Care Insurance Riders You Need to Know

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Long-term care insurance has long been dogged by a reputation among producers and consumers alike as one of the most complex forms of insurance.  Although waves of standardization sweep through our industry periodically, carriers continually introduce new product options in a race to offer something distinguishing and unique.  Some of these long-term care insurance riders may only appeal to a niche audience, while others are soon copied by the competition. As a long-term care producer, even … [Read more...]

Filed Under: Featured Slider, LTC/HHC, Senior Products
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Specialize in Serving Seniors: The Most Lucrative Way to Grow Your Practice

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By holding your life and health insurance licenses, you have the ability — and the choice — to sell any number of a variety of insurance products, including life insurance, annuities, long-term care, Medicare supplements, travel medical insurance, disability insurance, etc. Personally, I’ve chosen to focus the last decade of my career on the sale of fixed annuities — a decision that's certainly served me well. In fact, I have grown our brokerage agency’s annuity division from $10 … [Read more...]

Filed Under: Annuities, Featured Slider, MedSupp/Advantage, Senior Products
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Safeguard Your Clients Retirement with Long Term Care Insurance

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Despite considerable uncertainty, economists expect 2012 will be better than 2011. However, don’t bang the drums just yet – growth will be slow and no one is predicting the recovery most people nearing retirement are hoping for. Like many Americans, I’m experiencing the same economic challenges in trying to save for a secure retirement. In fact, one of the broader impacts of this recession is how it has significantly altered the traditional definition of retirement for most Americans. … [Read more...]

Filed Under: Featured Middle Right, LTC/HHC, Senior Products
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