Long-Term Care Insurance vs. Life Insurance with a Long-Term Care Rider

Q. My mother was in a nursing home for about two years prior to her death, and it cost the family most of her savings. I don't want the same to happen to me and my husband. Therefore, we are trying to make the decision of buying … [Read more...]

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 … [Read more...]

Critter Corner:  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 … [Read more...]

Cost of Long-Term Care Insurance is Increasing. . . Even More than Before!

Q. Our neighbors are both retired Federal employees. Recently, when we had dinner with them, the topic of long-term care insurance came up, and they told us about a huge rate increase last year. Now, they are paying MORE THAN … [Read more...]

The Death of Long-Term Care Insurance?

Maureen’s husband is retiring within the next few years, and her family is now planning in advance for long-term care, in case the need should arise in the future. Recently, in doing some research on long-term care insurance, … [Read more...]

Critter Corner: The Lapsing of Long-Term Care Insurance Policies and Dementia

Dear Commander Bun Bun, My grandmother had a long-term care insurance policy, which I know she was paying a lot for. However, she has dementia, and let it lapse. I’m sure this happens all the time, and it’s scary because now is … [Read more...]

Critter Corner: Should I Get Long-Term Care Insurance?

Dear Baxter, My neighbor is an insurance agent who keeps bothering me about long-term care insurance. I try to avoid her, but lately it hasn’t been working. To help me make an educated decision, can you provide some reasons I … [Read more...]

Long-Term Care Insurance: Yes or No?

Q. Long-term care is a subject we’ve been avoiding for years, but as we are getting older and less able to do things for ourselves due to physical ailments, my wife and I finally sat down to talk about it. At first, long-term care … [Read more...]

Critter Corner: Is There a Federal Long-Term Care Insurance Option?

Dear Commander Bun Bun, I am 58 and still working. I understand that long-term care insurance through insurance companies is expensive, and that there are risks involved. I was wondering if there is government solution to … [Read more...]

Did I Read That Right? Rates for Long-Term Care Insurance Rose 9% This Year!

Q. My wife and I like to plan ahead. Unfortunately, both of her parents and three of her aunts died of Alzheimer's, and we want to make sure we are prepared should one of us need long-term care in the future. We are aware of the … [Read more...]