Top Three Reasons People Don’t Plan for Long Term Care in Retirement

Top Three Reasons People Don’t Plan for Long Term Care in Retirement

Planning for retirement is something every one thinks about. Choosing a retirement destination, managing retirement accounts, and ensuring there will be adequate income during those years are common actions for people in their 40s and 50s who are looking further down the road towards their future. Planning for long term care, though, is often left out of the equation.

Long Term Care Myths

Somehow, many people plan their retirement quite meticulously, but forget to factor in one of the biggest costs that can hit during retirement: long …

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Shopping for Long Term Care Insurance Made Easy

Shopping for Long Term Care Insurance Made Easy

We speak with consumers every day, most of them interested in buying a Long Term Care Insurance policy. What we find is that many of them are overwhelmed or confused by their various options and therefore less willing to make a decision. That’s why we put so much time and effort into helping educate consumers about the different options and why it’s so important to plan ahead.

Shopping for Long Term Care Insurance is one thing that seems to be intimidating to people. Not only do …

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Harvard Report Addresses Caregiver Burden Amidst Rise in Long Term Care

Harvard Report Addresses Caregiver Burden Amidst Rise in Long Term Care

Unpaid care is the main source of long term care in the United States and with an increasing need for care comes an increasing burden on caregivers. A recent Harvard report tackles the issue of caregiver burden and its potential effects.

Long Term Caregivers

According to the report, an estimated 43.5 million friends and family are currently acting as unpaid caregivers for their loved ones. Although the majority of Americans aren’t prepared for the risk of becoming or needing a caregiver, an estimated 7 in 10 seniors …

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Long Term Care in Texas Costs How Much?

Long Term Care in Texas Costs How Much?

Living a long life isn’t an uncommon desire; in fact, it’s quite common to hear someone say they want to live to 100 years old (or even older!). With a long life come certain changes, though. Long term care is one of them. If you are planning to live a long life, you must also be prepared for the high financial risk that long term care poses.

Genworth Financial recently published their 2014 Cost of Care Survey, which details just how expensive long term care is …

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How Genworth Handles Policyholder Services

How Genworth Handles Policyholder Services

In a recent short video about Genworth’s Long Term Care Insurance division, President and CEO Tom McInerney addressed the company’s approach to policyholder services.

Consumer Needs

McInerney expressed what a fantastic job Genworth does of meeting the needs of consumers looking to get coverage for long term care. They also perform well when the consumer is in the most need, which is when they are actually making a claim.

Genworth has a great reputation in the industry, according to McInerney, of paying claims reliably and helping guide claimants …

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A Position of Leadership Within the Long Term Care Insurance Industry

A Position of Leadership Within the Long Term Care Insurance Industry

As the Long Term Care Insurance goes through some changes in the next few years, just as it has for the past few years, it’s important to have leaders within the industry to help forge the optimal path for consumers and providers.

Genworth Financial is currently taking up that role and looking to help any one interested in Long Term Care Insurance get educated and become aware of their options to help plan for the future.

Educating About the Risk

Long Term Care Insurance is a great tool …

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The State of Genworth in the Long Term Care Insurance Industry

The State of Genworth in the Long Term Care Insurance Industry

Genworth Financial released some short videos featuring President and CEO Tom McInerney discussing some topics relevant to the Long Term Care Insurance industry and the changes Genworth is making in how they approach the business.

Future of Long Term Care Insurance

Speaking on the state
of Genworth, McInerney expressed his excitement about the next two to three years in the industry. He believes Genworth is well-positioned in all businesses, but especially in the Long Term Care Insurance market, and there is great potential for growth within that …

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Betting on Your House for Retirement? Bet Again.

Betting on Your House for Retirement? Bet Again.

I’ve noticed talk lately about the different ways people plan to use their assets to fund their retirement. Some of the ideas are great and some are a stretch.

One of these ideas that seems to be pushing the limits of realistic possibilities is that of using your housing assets as your main retirement plan.

Using Your House as a Financial Plan

Betting on the value of your house for your retirement income might sound tempting, but it’s probably not the soundest …

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The Cost of Long Term Care in Texas – Can You Afford to Self-Insure?

The Cost of Long Term Care in Texas – Can You Afford to Self-Insure?

Self-insuring for long term care is a pretty common topic in the news these days, but how can you know if it’s the right decision for you or not? The truth is, self-insuring is really only possible for a small and specific group of people. It isn’t the best idea for most people, and there are a few reasons why.

Cost of Care

If you’ve looked into the cost of long term care, you know it’s expensive. Quite expensive, actually. In Texas, the average annual cost of …

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Protect Your Assets with a Texas Long Term Care Insurance Partnership Plan

Protect Your Assets with a Texas Long Term Care Insurance Partnership Plan

The last thing any one wants is to outspend their life savings; that’s why most of us spend so much time planning our retirement to the tee. When the need for long term care strikes, though, many people aren’t prepared.

Why Plan for Long Term Care?

Planning for long term care is something that is often left out of retirement plans, either due to a lack of awareness or because the risk seems too far fetched. Unfortunately, it’s not that far fetched at all.

The risk that any …

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