Published: December 04, 2012
Long Term Care Insurance Rates for Women Will Go up in 2013
WINSTON-SALEM, N.C. - (BUSINESS WIRE) - If long
term care insurance (LTC) is not on your holiday shopping list, you
may want to add it before the end of 2012 - particularly if you are a
woman. Rates for females are forecast to increase from 35 percent to 40
percent by second quarter of 2013, so adding LTC now to your plan for
income and asset protection makes good financial sense, say industry
term care continues to be a major risk for people, and yet many have
put off purchasing LTC insurance to cover such things as nursing home
care because of instability among carriers," said Danny Mensh, president
Insurance, located in Winston-Salem, N.C. "Now, in order to
stabilize the market, major carriers are increasing rates, and Genworth
Life Insurance Co., one of the largest underwriters, has filed for a new
pricing structure that includes substantial rate increases for women.
"If there ever was a time to go ahead and do something," Mensh
continued, "now would be that time. It's going to cost a married couple
significantly more money for the same contract and same benefits once
those rates change to become gender specific."
To read the complete release at NewsBlaze,
Long Term Care Insurance Rates for Women Will Go up in 2013,
Related Business Wire News
Students from 39 Southland schools competed in event, nation's largest solar-boat competition
Phi Beta Epsilon fraternity at MIT announces the allocations of its charitable foundation honoring Officer Sean Collier of the MIT Police and the MIT Independent Residence Development Fund.
Gorham Paper and Tissue hires Mike Cummings as CEO to accelerate innovation, drive operating efficiency and enhance customer experience in Specialty Paper, Tissue and Towel markets.
Cubist has been named to the Globe 100, the Boston Globe's annual ranking of the 100 top-performing public companies. Cubist was ranked number six overall and was named the top performing biotech.
WWE today announced that it will be returning to Abu Dhabi with three action-packed live events from Thursday, October 10 through Saturday, October 12, 2013 at the Zayed Sports City Tennis Stadium. Tickets go on sale tomorrow, May 20 and are ...
The UnitedHealthcare IRONKIDS Florida event raced around Lake Eva Park today. Thomas Moore from UnitedHealthcare of Florida, and Patrick McGee, IRONKIDS Race Director kicked-off the triathlon's pool swim, bike course and run aimed to help stem the ...