Decision Making

New Connecticut Laws Focus on Long Term Care Insurance Rate Increases

Connecticut Governor Dannel Malloy signed two bills into law last week that pertain to Long Term Care Insurance and potential rate increases. The bills seek to help educate consumers about the possibility of rate increases and protect policyholders from exorbitant rate hikes that could cause some to cancel their policies.

Can We Reverse Aging Using Young Blood? New Research Says Maybe.

One look at the beauty products at your local convenience store and it becomes clear what our mission is. Skin creams, face lifts, and tummy tucks are commonplace these days as people strive to look and feel younger than ever.

Why You Should Work with an Independent Agent for Long Term Care Insurance

Using a financial advisor to help you plan for retirement can be a great choice: it can help you get a better grasp on your finances, understand specific goals and targets for savings, and provide you with information that you otherwise might not know.

Assisted Living Sees Fastest Cost Growth Among Long Term Care Settings

The need for long term care continues to grow throughout the United States and the cost of that care is following suit. Genworth Financial’s annual Cost of Care Survey breaks down prices of the different long term care options available. According to the survey, assisted living facilities are experiencing the quickest rise in cost among the various setting options for care.

Policyholder Reactions to Genworth Long Term Care Insurance Rate Increases

Several of the top Long Term Care Insurance companies have been forced to raise premium rates in the past few years due to a number of factors. Amidst all the rate increases, some policyholders have been less than pleased, but others have taken it in stride, recognizing that there is indeed a good reason behind the increases.

Retirement Takes Back Seat to Other Expenses as Americans Save

Americans know how much they should be saving for retirement, but the problem is they aren’t listening to their own advice.
Capital One Survey
A recent survey interviewed working adults about their retirement goals and attitudes, and while most people know the ideal contribution rate for successfully saving for retirement, they aren’t keeping up.

In Wake of Rate Increase, CalPERS Long Term Care Insurance Policyholders Reduce Coverage

Premiums for CalPERS Long Term Care Insurance products are set to increase next year, and many policyholders have already responded to the increases by cutting their coverage.

Rate Increase
A rate hike of 5-85% will take place in 2015 and 2016 for members of the California Public Employee Retirement System.

Detailed Projections Spell Success for Retirement Planning, Study Says

Retirement planning means a lot of different things to different people. For many, it means simply making estimations of how much you will need to live comfortably in retirement and putting money into savings to help achieve your monetary goal.

Do Boomers Owe It To Their Parents to Provide Long Term Care?

As the aging population continues to explode across the United States, more families are facing tough decisions regarding long term care. One question that has a large bearing on the issue arises time and time again: just how much, if anything, do we owe our parents?
What Do Boomers Owe Their Parents?
A recent article focuses on this question of what Boomers owe their parents.

Pre-Retirees Face Mounting Debt

As Americans continue to deal with a lagging economy, the presence of debt seems to only be increasing. The majority of people who contribute to retirement plans have accumulated more debt than retirement savings in recent years, according to a new report.

New Study
A study conducted by Hello Wallet evaluated the financial standings of older adults between the ages of 50 and 65.

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