Democratic presidential candidates finally are beginning to talk about long-term care for older adults and younger people with disabilities. That’s good. Their ideas, not so much. This week, New Jersey senator and presidential contender Cory Booker became the first Democrat in the race to propose a relatively detailed long-term care plan. He deserves credit for raising […]
Providing care to a parent or spouse takes a toll on the caregiver in many ways — not just physically and emotionally, but financially, too. In fact, it can hinder their very careers. According to a GAO report, approximately 68% of working parental and spousal caregivers said they were subject to at least one of eight […]
Private Equity Firms Are Acquiring Long-Term Care Insurance Policies. What Will It Mean For Policyholders?
Some long-term care insurance companies are turning over their existing policies to private equity firms and other outside investors, a move that will wipe massive liabilities off their books but could put policyholders at risk. The problem: Unlike traditional insurance companies, private equity investors may be investing premiums in high-yielding but speculative securities such as […]
A first-in-the-nation state long-term care insurance program is likely to become law within a few weeks. In Washington State, both houses of the legislature have approved the measure, though they must resolve relatively minor differences between the two bills. Gov. Jay Inslee has promised to sign it. Washington would be the first state in the US […]
August 27th, 2018 | by Alex Spanko | Data, HECM, News, Retirement, Reverse Mortgage | 1 Comment A recent survey found that 10% of seniors aging alone plan on using reverse mortgages to pay for long-term care costs — a number that lags behind other sources, but still represents a potential area of opportunity for the industry. The vast majority of respondents […]
Shawn Britt, CLU®, CLTC® Director, Advanced Consulting Group READ MORE Informal caregiving is facing a crisis in America — “baby boomers” are aging into retirement, and with that is the increasing need for senior services and long-term care (LTC) supports. The boomers thus far are the largest population to retire, yet they face a unique challenge that […]