Wednesday, April 7, 2010 as of 11:14 AM ET
Long-term care insurance (LTC or LTCI), an insurance product sold in the United States, United Kingdom and Canada, helps provide for the cost of long-term care beyond a predetermined period.
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Medical exams for a life insurance policy are often thought of as routine, and you're likely aware that one is required when applying for most types of coverage.
But what happens next?The test results are not automatically shared with the insurance applicant unless the results are unexpected and your application is declined, says Steven Weisbart, senior vice president and chief economist with the Insurance Information Institute (III).False positive? Or: 'I have what?!'While each insurance company handles test results in a different way, generally an insurance company will provide a positive test result directly to you or to your doctor, especially if the company is denying you life insurance coverage."Everyone should keep in mind that false positives can happen, but sometimes true positives do, too," says Weisbart. "The first step you should take if you receive a positive test result from an insurance exam is to contact your primary care physician to discuss the issue and to be reteste...The high cost of health, life and auto insurance are serious issues in the U.S. Some think there's hope in "performance-based insurance," which provides policy rebat...
If you're a healthy adult in your 50s, it may be hard to think of yourself needing long-term care. But that's just when you should be thinking about it, say long-ter...
It’s good news that Americans are living longer, but that doesn't mean we are doing it in perfect health. More people should be planning for long-term health care, b...
Aging in place -- living out your retirement years at home, whether you stay in the house where you raised your children, downsize to an apartment or retreat to a co...
DOW JONES NEWSWIRESThe majority of Americans would increase the length of their careers and change investment habits, as well as cut back on some discretionary spend...
A number of readers have written in this past week about the health insurance deduction for self-employed individuals. You’d think this would be a fairly straightfor...
Dear Dave,I’ve got auto insurance, but can you tell me what other kinds of insurance are good to have?ChrisDear Chris,The purpose of insurance is to transfer risk th...
If you're a senior citizen, it's a mistake to buy a life insurance policy before you weigh the costs of coverage against the benefits it will provide for you and you...
The economic storm that rocked many baby boomers’ nest eggs has left many of them considering a reverse mortgage as part of their retirement plan.Reverse mortgages a...
Boomers watched their nest eggs take a substantial hit over the last three years, but some experts are saying 2012 will be rife with opportunities to get savings bac...
When David Johnson (not his real name) was 43 years old, he began feeling sick a lot. After many doctor visits and an increasingly difficult time keeping up with his...
If mere satisfaction from improving your lifestyle doesn't motivate you enough to keep New Year's resolutions, consider how making positive changes might fatten your...
With health-care costs steadily rising, it's no wonder that many retirees will need to set aside more savings than originally planned to cover medical expenses in th...
"The Boomer" is a column written for adults nearing retirement age and those already in their "golden years." It will also promote reader interaction by posting e-ma...
When an older couple walks down the aisle, they typically carry with them a host of financial holdings and habits from earlier in life. But these things can soon lea...
When shopping for long-term care insurance, three options present themselves: a stand-alone long-term care, or LTC, policy, a fixed annuity with LTC benefits and a l...
Many Americans aren't saving enough for retirement, leaving even less--or no--funds to cover any unexpected or long-term health-care expenses.But creating savings fo...
Long-term care insurance rates have jumped 6% to 17% on average, compared to last year, according to the 2012 National Long-Term Care Insurance Price Index.Long-term...
Financial planning for any family is complicated, but the challenges rise to a new level when a child has special needs."Parents are not only planning for their fami...
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