Long Term Care Insurance Costs, Companies and Quotes
Long Term Care Insurance
Group long term care (LTC) insurance programs are an often underutilized employee benefit. However, the advantages to employers and employees can be quite significant and deserve the consideration of corporate management, human resources and employees. [Read more…]
Last updated: February 28, 2017 at 17:57 pm
The Sturgeon Bay School Board has approved dropping their long term care insurance benefit as a cost cutting measure. Over sixty retirees will be affected by the decision to drop the long term care insurance benefit and only those who have been insured for more than 10 years have the option to retain their long term care insurance benefits. [Read more…]
Last updated: March 9, 2017 at 19:07 pm
Genworth Financial has announced plans to stop selling long term care insurance offered under their Multi-Life and Long Term Care Business Solutions Programs. According to the announcement from Genworth no new applications will be accepted after April 15th. [Read more…]
Last updated: May 9, 2019 at 16:46 pm
Through a long term care insurance executive carve-out program, employers can offer long term care insurance to a select group of employees. For example, a small company can have just two key executives it wants to insure for long term care, however the insurance company may require a minimum of three people to be insured. In this scenario, the wife of one of the executives can qualify as the third person and this small group would be eligible for the limited underwriting of group long term care insurance. [Read more…]