Volume 2, Number 4
Life, Disability and Long-Term Care Insurance News
IN THIS ISSUE...

  • DANICA PATRICK DISCUSSES THE IMPORTANCE OF LIFE INSURANCE
  • GUIDE TO BUYING LONG-TERM DISABILITY INSURANCE
  • THE GROWTH OF “HYBRID” LONG-TERM CARE POLICIES
DANICA PATRICK DISCUSSES THE IMPORTANCE OF LIFE INSURANCE
Danica Patrick discusses the importance of life insurance in this video that was prepared as part of last month’s Life Insurance Awareness campaign aimed at educating Americans about the importance of life insurance and helping them get the coverage they need:
Click image to play the video
GUIDE TO BUYING LONG-TERM DISABILITY INSURANCE
This G ui de, published jointly by the Consumer Federation of America (CFO) and the American Council of Life Insurers (ACLI), outlines the features and costs of individual long-term disability insurance and offers tips and a checklist on buying the policy right for you. Contact us at 877-734-3884 for more information, quotes, and help in buying a policy.
THE GROWTH OF “HYBRID” LONG-TERM CARE POLICIES
About a dozen insurers offer traditional long-term care policies, but this recent Wall Street Journal article indicates that the long-term care insurance market is changing and that in the last year about four times as many people bought what are called “hybrid” long-term care policies than those who bought traditional policies.

“Hybrid” policies contain life insurance provisions, include return of premium features (without interest) and can include clauses that protect against long-term care policy premium increases, which has been a major problem. Many purchasers of long-term care policies have faced large rate increases when insurers found they had bad claims experience and adjusted premiums; traditional policies typically contain provisions where insurers can increase premiums based on plan performance. These premium increases have forced many buyers of long-term care policies to cancel their policies because they couldn't afford those increases.

The buyer of “hybrid” policies is the more affluent consumer whose issues are estate planning and preservation of capital. Traditional LTC policies are still available, but increasingly LTC insurance is becoming a financial planning and estate preservation tool.
About Paul Cholak
Paul has over forty years of benefits experience and has been Director of Employee Benefits for large companies, as well as a benefits consultant with major consulting firms. He understands the life, disability and long term care insurance needs of individuals and families of all ages.

We guide you through the steps of getting life, disability, long term care, and health insurance, and remain available to help you AFTER you've made your purchase decision.
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