Transamerica has received approval for their Long Term Care rider in Connecticut. They are now able to offer the Trans ACE GUL “Guaranteed Universal Life” product with a long term care rider in Connecticut. Other companies have been able to get approvals for life/LTC combo plans in CT but they are always single deposit products [...]
We have provided a comparison of the three most competatively priced Long Term Care Policies Available. This is a side by side comparison using Genworth, Med America and Trans America. All three plans listed are partnership eligible and meet parntership requirements in all Partnership states.
Trans America has applied for a national rate increase on all new long term care sales. This will affect new business only and will not change rates for current clients. The rate changes being applied for are substantial and are part of a trend for LTC discontinuance and rate increase from most LTC carriers. Genworth, [...]
The document linked to this post provides the average cost for Long Term Care Services in Connecticut for 2012. The breakdown shows cost by service type such as Skilled Nursing home, RN, LPN, Home Health Aide, Physical Therapy, Occupational Therapy and Speech Therapy.
The change from the previous year is included and paints a disturbing picture [...]
Long Term Care Deposit Products vs. Traditional Long Term Care
Long Term Care insurance provides needed Protection against the costs of home health care, Skilled Nursing care and institutional care. While there are a number of reasons to purchase a Long Term Care Policy, one of the most important is to protect hard [...]