Is $2,000 Annually Too Much for Long-Term Care Insurance?

Long-term care insurance is an important way to mitigate risk in retirement. Unexpected health issues and the related costs can take over a retiree’s financial life if they don’t have a plan to pay ... Read More

I turn 65 next year and will finally retire with $1.5M in my 401(k). But with a chronic health condition, do I also need long-term care insurance?

In this case, buying LTC insurance could make sense. With a strong retirement cushion and manageable expenses, he could afford it. The longer he waits, the pricer — and less attainable — it becomes. Read More

Genworth plans to re-launch long-term care insurance

Henrico County-based Genworth Financial thinks it's found a way to help people finance long-term care that will avoid the regular doubleand triple-digit premium rate increases for policies that ... Read More

Genworth plans major move in fraught long-term care insurance market

RICHMOND - Henrico County-based Genworth Financial thinks it's found a way to help people finance long-term care that will avoid the regular double- and triple-digit premium rate increases for ... Read More

I'm a Financial Planner: Here Are Some Long-Term Care Insurance Tips for Every Age

Few things can disrupt a retirement like the need for long-term care. Long-term care comes into play when you need help with daily living activities such as bathing, eating or dressing. The cost of ... Read More

The Rising Cost Of Long-Term Care: How Life Insurance Can Fill The Coverage Gap

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ... Read More

‘My blood pressure is sky high’: I’m in my 70s and a widow. I pay $12K a year for long-term-care insurance. Do I cut the cord?

I have had a long-term-care insurance plan for 15 years. During that time, they’ve raised my premiums 356%. It’s now $12,000 a year with no end in sight for future increases. The max they will pay at ... Read More

You Don't Want It, But You Should Plan for It Anyway: An Expert Guide to Long-Term Care

You've worked hard, saved wisely and planned for a fulfilling retirement. But what if the unexpected happens — early-onset Alzheimer's or another serious health event — and changes your day-to-day ... Read More

Where and How to Invest Your Long-Term-Care ‘Bucket’

I often talk about “bucketing”—structuring a portfolio based on anticipated spending needs—in relation to overall retirement spending. Parking near-term spending needs in cash, intermediate-term ... Read More

Amherst man's long-term care insurance could rise 257% by 2028. He's not the only one

When Lawrence Howard received the annual bill for his long-term care insurance policy in the spring, the Amherst resident had to give it a second look because he couldn’t believe what it said. The ... Read More