Continental General
Short Company Name:
Continental General
Long Company Name:
Continental General Insurance Company
Company Type:
Insurance Company
Web Site:
Phone Number:
866-459-4272
Key Phrases:
Long Term Care Insurance
Often associated with nursing home care, long term care insurance covers the costs associated with a prolonged illness or disability. The services associated with long term care may be rendered in a person’s home, an assisted living facility or in a full service nursing home. Long term care insurance takes away the risk of having to pay out-of-pocket by rapidly drawing down retirement savings or relying on family members to foot the bill. Long term care insurance is renewable as long as the premiums are met. There are a number of things to look out for with long term care insurance. One is the elimination period, which is how long the policy holder has to wait before benefits are paid out. The other is to choose between reimbursement-- which reimburses directly for some portion of actual expenses--and indemnity, which pays a specified daily amount regardless of how much is actually spent. No taxes are payable on benefits paid out, and many states offer a tax credit for policyholders.
Bankers Life
Short Company Name:
Bankers Life
Long Company Name:
Bankers Life and Casuality Company of New York
Company Type:
Insurance Company
Web Site:
Phone Number:
800-787-1431
Year Founded:
1879
Key Phrases:
Glossary:
Allianz
Short Company Name:
Allianz
Long Company Name:
Allianz Life Insurance
Company Type:
Insurance Company
Web Site:
Phone Number:
800-950-5872
Year Founded:
1896
Glossary:
Ticker Symbol:
AZSEY.PK
Questions and Answers on Long-Term Care Insurance
There is a very good article in the New York Times on long-term care insurance . The article is largely in a question and answer format. It is non-technical and there are many comments and questions from readers that should prove very useful to anyone taking a look at long-term care insurance products for themselves or for a family member. There are good, basic questions such as "why should I buy long-term care insurance" and "don't Medicare and Medicaid cover long-term care?" Long-term care...
Glossary:
Key Phrases:
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Up to 64% of American Households at Risk of Failing to Maintain their Standard of Living in Retirement
The Center for Retirement Research at Boston College released a brief and an update of their National Retirement Risk Index (NRRI). A link to the brief summary can be found here.
The NRRI shows the percentage of American Households that are at risk of failing to maintain their standard of living in retirement. The index shows that 44% of American households are at risk. This figure increases to 61% when healthcare costs are included, and to 64% when the...
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