March 11, 2011 archive

Mar 11

The New Directions of LTCI

By Phyllis Shelton

The New Directions of LTCI (written for Agent Sales Journal, January 2010 issue) Research from McKinsey & Co. finds that the average American family will face a savings gap of $250,000 at the time of retirement. Even with payments from Social Security and pensions, as well as personal savings in 401(k) and other retirement plans, …

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Mar 11

Trends in LTCI or Trains?

By Phyllis Shelton

Trends in LTCI or Trains? (written for Life Insurance Selling, November 2010 issue) The long-term care insurance industry is hanging between the Medicaid expansion on one side making people think the state will pay, the CLASS Act on the other side making people think the federal government will pay, and rate increases hanging over us …

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Mar 11

You Can’t Put a Price on Dignity

By Phyllis Shelton

You Can’t Put a Price on Dignity (written for California Broker, November 2010) The nation is being engulfed by a tidal wave of entitlement mentality. The feasibility of funding long-term care with taxpayer dollars through the Medicaid program is bleak with 150 million employees vs. 58 million people on Medicaid today.2, 3 That’s a ratio …

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Mar 11

Long-Term Care Insurance Needed to Protect America’s Financial Recovery

By Phyllis Shelton

Long-Term Care Insurance Needed to Protect America’s Financial Recovery (written for Agent Sales Journal, November 2010 issue) By Phyllis Shelton, President, LTC Consultants and LTCiTraining.com America has a choice to make. There’s no way that public dollars alone can pay the long-term care for the baby boomers, 95% of whom have no coverage for long-term …

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Mar 11

Is CPI Inflation Adequate?

By Phyllis Shelton

You will definitely want to pick up Prudential’s 2010 Long-Term Care Cost Study, which measures trends in costs associated with the major forms of long-term care services. (See the link to this survey under “What Does Long-Term Care Cost?” on this site.) I’ve seen the cost of care increase an average of 5-6% compounded annually …