….LifeSecure, now available in California (and most other states), is a “sleeper” in the long-term care insurance industry. A wholly owned subsidiary of Blue Cross/Blue Shield of Michigan, LifeSecure offers a simplified product design at a very affordable price. Check out how FEW decision points agents and consumers have to consider when purchasing the LifeSecure product:
Category Archives: News and Current Events
The good news is that two new small group products have burst onto the California scene in the past 30 days. (They are also available in other states.) These options will provide employers groups as small as three lives with discounts and underwriting concessions.
As the world of long-term care insurance changes, opportunities abound……
…..Consumers who have purchased Prudential long-term care insurance in recent years and those currently with applications in process should consider themselves fortunate. They had the foresight to purchase one of the most cost-effective LTCi products of recent memory.
Applications must be in our office by Monday, February 24, 2012 so that we have adequate time to process and overnight them to the home office prior to the February 29th deadline.
…… As CLASS’ demise has become more and more evident the question that has plagued me is this; since CLASS was an integral part of how the Obama Administration planned to pay for PPACA would it’s death mean that health care reform would have to be revisited? Apparently not. As the above referenced article states:
….LQR reduces cycle times, improve case placements and reduces the number of APS’s that are required. Just as easy as 1-2-3!
….(1) People who purchased their long-term care insurance 5, 10 or 15 years ago are extraordinarily pleased that they have the coverage at a price that now pales compared to similar coverage today. (2) Agents who have not spoken to their clients in the last few years about LTCi are stunned to see how much new business premiums have increased. The take away here is that early adopters made the best choice from a cost-to-benefit perspective and that those who continue to put off this important risk management decision will pay either higher premiums or not be able to get coverage at all.
The California State legislature is at it again. Swaddled in the diaper of consumer protection AB999 (Yamada) would put what [...]
……as we continue to search the marketplace we’re finding a myriad of long-term care planning solutions, life, annuity, disability and critical illness products (linked/hybrids), that will provide consumers with benefits if they suffer from a chronic illness. These products, while not traditional LTCi, suit different age groups, lifestyles, budgets and planning objectives. They also allow a consumer’s premium dollars to “multi-task” providing them with important benefits when they need or choose them.