Thrivent Financial is now selling Long Term Care Insurance once again. Thrivent, a non-profit Minneapolis-based company, announced welcome news for the Long Term Care Insurance industry in October 2012. The Thrivent LTC policy will compete with many other private-market offerings, and has a fairly standard set of options for those planning for the risk of Long Term Care.
If you’re considering purchasing Long Term Care coverage at work, you may want to weigh the seemingly low prices with some of the fine print and other limitations that come with this type of Long Term Care Insurance. After all, LTC plans are complicated, so you want to be sure you’re comparing apples and apples.
Virtually all companies who sold Long Term Care Insurance over a period of many years have had to go back and adjust rates on existing policyholders. Mutual of Omaha has increased rates on several policy forms it sold in the past. The reasons for rate increases vary, and this page is general in many ways and not specific to Mutual of Omaha.
To get ballpark figures of how much Long Term Care Insurance Costs, check out our Online Calculator.
Federal Employees have access to a great Long Term Care program called the FLTCP 2.0. This plan is administered by John Hancock and provides a simple Long Term Care plan for Federal employees and their spouses.
Every type of insurance has its major players, and it seems that the players are different for different types of coverage. For example, for auto and property insurance, State Farm is the dominant company, followed by major carriers like Progressive, Geico, Nationwide, Allstate, etc.
Genworth Privileged Choice Flex is the top-selling Long Term Care Insurance product in 2012. It was introduced in most states between August and November of 2011, and is Genworth’s latest incarnation in a series of Long Term Care Insurance plans going back to 1974.