Our daily roundup of retirement news your clients may be thinking about.
Long-term-care insurance: What policyholders should know As retirees buy long-term-care insurance to ease some of their financial worries, the product may also present concerns, such as rising premiums, according to an article in The Wall Street Journal. Clients with LTC policies need to understand that rates may continue to rise despite a rate increase in the previous years; also, changing insurers at the news of a rate hike is unlikely to produce a better deal. Finally, LTC policyholders need to know that they may be able to reduce the benefits and still get good insurance coverage. --The Wall Street Journal
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