August 24, 2016
Aug 16, 2016 | By Allison Bell
One of the ways you, a trusted long-term care planning advisor, can set yourself apart from the order takers is by producing content that shows how much you know.
You can tweet, post on Facebook and blog. You can appear on local talk shows, organize in-person seminars, and even try writing books.
In some cases, your source of inspiration may be obvious: You’ll take what an insurer or distributor gives you, and that’s that. Getting anything else through the necessary approval process might be too difficult.
August 22, 2016
By Danielle Andrus
Both Hillary Clinton and Donald Trump are past retirement age. How will they address an aging population? (Photos: AP)
“Ready or not, an ‘age wave’ is coming that could make or break our nation,” Ken Dychtwald wrote in a paper on Monday. The size of the over-65 population and the increase in projected longevity could have severe implications for the country, according to Dychtwald, but “very few of these pivotal issues have been brought to the main stage by either the candidates or the news media,” he wrote in an email.
“When our Constitution was crafted, the average life expectancy in the U.S. was barely 36 years and the median age was a mere 16,” Dychtwald wrote in the paper. “Today, the average life expectancy at birth is 79 and is steadily rising.”
August 4, 2016
Aug 03, 2016 | By Allison Bell
Genworth Financial says its long-term care insurance unit earned more in the second quarter of this year than in the second quarter of 2015.
The Richmond, Virginia-based insurer reported a total of $220 million in net income for the quarter on $2.2 billion in revenue, compared with a $193 million net loss on $2.2 billion in revenue for the year-earlier quarter.
July 7, 2016
July 5, 2016 By
If you can’t pay your long-term care expenses, then you have a friend in Pennsylvania! Just ask John Pittas, who found out the hard way. His mother, Maryann Pitta, had to undergo rehabilitation treatment with skilled nursing care following a car accident in September, 2007. When she was recovered and released in March 2008, she decided to relocate to Greece having paid only a small portion of the bills she owed from her stay at the care facility. In May at the facility, unable to reach Ms. Pittas, she instituted a filial action suit against Mr. Pittas under state code 23 Pa. C.S.A. Sec. 46, entitled Relatives’ Liability
After arbitration, a non-jury trial, and an appeal the court held Mr. Pittas responsible for his Mom’s remaining obligation to the health facility to the tune of around $93,000. The case could be a wakeup call of sorts for those with relatives, especially children with parents, who are in need of medical care and think they don’t need to be involved in planning for such contingencies.
June 16, 2016
Jun 15, 2016 | By Allison Bell
A few days ago, I was volunteering at a table at an event I’ll call a community bake sale.
The bake sale took place in a moderately affluent neighborhood. Many of the residents have beautiful houses, beautiful children and incomes that, at least in less expensive parts of the country, would make them the perfect prospects for personal protection insurance products.