Innovative Solutions Reshaping Long-Term Care Insurance

| posted in Blog, Newsletter

Long-term care costs can be devastating. According to the “Genworth 2017 Cost of Care” study, the average cost of a semi-private room in a skilled nursing facility is $7,148 per month. But many people have not bought long-term care protection, even though they medically qualify, because they don’t want to pay premiums for a plan they may never use, or they are concerned about future premium increases. In recent years, insurers have created a number of innovative solutions that may address these concerns.   Life insurance/long-term care hybrids These are essentially life insurance policies that come with a meaningful long-term…
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