Employer Sponsored Long Term Care Insurance is insurance provided as an employee benefit to cover the potentially catastrophic financial impact of an illness or period of frailty where long-term care is required. The market for long-term care insurance exploded during the 1990s and has continued to grow throughout the early portion of the twenty-first century. This market has two key segments: one for individual policies and the other for employer-sponsored and other group products. Sales of employer-sponsored long-term care policies generated premiums of nearly $55 million in the year 2001 (more…)

As we once heard Donald Trump say “Protect the downside and the rest takes care of itself.” For this, unfortunately, you need insurance and some protective legal documents.

Determine what insurance protection you have and what you still need. (more…)

Long-term care insurance is a good financial protection vehicle for anyone who has enough assets to protect and can comfortably afford the premiums. It can help ensure that all of the time and effort you have spent on acquiring a sufficient retirement income is not lost due to the rising costs of long-term care.

There are several specific advantages for couples purchasing long-term insurance. (more…)

Buying long term care insurance is bringing some though and education to put together. Choosing the right insurance for this purpose should not be taken lightly due to many factors involved. The idea of self funding long term care is not realistic for most people. With the average annual cost of nursing home care, assisted living and home health care rising, the cost of a few years of long-term care can wipe out nearly every American’s retirement savings or investment. Transferring the risk of nursing home or long term care costs to an insurance company maybe one of the most crucial financial decisions you make. (more…)