Q. When my mom was in her 50’s, long-term care insurance seemed like a great idea. She bought a policy while she and my father were still relatively healthy, paid their monthly premiums on time every month, and in return they thought they’d be able to afford a nursing home, assisted-living facility, or personal home […]
What Happens When a Long-Term Care Insurer Goes Belly Up?
Q. My husband and I are seriously considering long-term care insurance. I read recently, however, that Penn Treaty is facing liquidation, and health insurers across the country are on the hook for hundreds of millions of dollars because of this. If the liquidation of one long-term care insurance company has such an effect on health […]
FAQs About Hybrid Insurance Policies
Dear Ribbit, I am considering a hybrid insurance policy, but I have several questions. If I send them to you, can you help me answer them to clarify some things to help me make a decision. Thanks very much! Hy Bridd Dear Hy, I’d be happy to help. Below are your questions in the form […]