Poor results in the long-term care insurance sector have led many providers to exit the market, leaving its future uncertain, Moody’s Investors Service says in a new report. The report, “Long-Term Care Insurance: Sector Profile,” says that despite the need for non-medical coverage by an aging population, the product’s future is also in question because of persistent losses and a challenging operating environment. “Key credit considerations for the sector are the relative newness of long-term care insurance and the long-tailed and complex product structure, which make it difficult to price the product profitably and to reserve for,” says Laura Bazer,…
The VA is now requesting documentation of all assets transfered prior to the date of a veteran’s application to show that all of these rights have been relinquished.
If you are single, the odds are 50 percent that you will need long-term care. If you are age 65 and married, the odds are 75 percent that you or your spouse will need long-term care. These statistics reveal that most people will be faced with long-term nursing home care issues and challenges at some point in their lives – whether for themselves or a loved one. While surfing the web this week, I ran across an excellent Special Report on Long-Term Care put together by the folks at Kiplinger. I think it’s an excellent resource for anyone considering purchasing…
Frederick, MD 
301-663-9230
