Updated Sunday, March 1, 2015 as of 10:07 AM ET
6 Things to Understand About Long-Term Care
As policy payouts soar to record levels, LTC industry professionals worry that advisors are falling short -- and offer up a few facts, forecasts and trends they think advisors should pay attention to.
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Genworth Financial jumped in early trading after losses at the long-term care unit were narrower than some analysts had expected. more »
The steep rise in long-term care insurance rates won't affect many advisors' commitment to using them for clients, experts say. more »
What was once a higher-cost, lower-probability risk is halfway to being a sure thing. That means existing policies may be a bad deal. more »
Obamacare is about to collide with the U.S. tax-filing season, adding frustration for millions of taxpayers trying to figure out how to comply and how much they will owe the government. more »
As part of clients' retirement planning, make sure they understand terms like "sustainable withdrawal rate," as just one example; Plus, encourage clients to increase their savings rate to 15%. more »
Manulife Financial, Canada’s largest life insurer, agreed to buy New York Life Insurance’s retirement plan services business in a deal that will boost assets under administration by about $50 billion. more »
Review clients’ policies annually, paying particular attention to changes in both rates and charges. Here's a list of items to watch. more »
The increasing Asian, Hispanic and other minority groups will have an impact on the development of products, services and training; Plus, more than half of American households may not maintain standard of living in retirement. more »
Nearly 97% of respondents said they were very or somewhat knowledgeable about saving for retirement, but just 20% passed a test to prove it; Plus, strategies to increase retirement income. more »
If your clients think they're going to make money off the policies they're buying, it's time to give them a reality check. more »
The Supreme Court agreed to review a challenge to the tax subsidies allowed under the Affordable Care Act, a critical aspect of the law meant to help uninsured individuals better afford health care coverage. more »
Policyholders may be able to reduce benefits and still get good coverage; Plus, using direct deposit for income checks can help retirees avoid becoming victims of fraud. more »
Income planning can save clients thousands of dollars a year in premium tax credits. more »
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