"Macroeconomic trends" led Hancock to ditch new policy sales, in the latest example of an LTC market beleaguered by negative consumer perception and low interest rates.
gEHRiMed Alerts Long-Term-Care Practitioners That $21,250 EHR Incentive Ends December 31, 2016
Low comfort level with LTC products makes advisers recoil, but some think that's a weak argument.
A new twist is coming to LTC insurance: gender-based pricing, and women can expect to pay 20% to 40% more for coverage than men, says Michael Kitces.
The firm is suspending sales in traditional life insurance and fixed annuity products in the first quarter of 2016.
Advisers should take these factors into account when incorporating long-term-care insurance into a client's financial plan.
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The largest LTC insurer is offering a medically underwritten single premium immediate annuity as an alternative for older Americans.
The largest long-term-care insurer debuts a medically underwritten single premium immediate annuity as an alternate way for older Americans to get LTC coverage.
The cost of future long-term care for boomers could be more than three times what they're expecting, a consumer survey by Nationwide Financial found.