Is It Too Late To Buy Life Insurance?

A stethoscope laying on top of papers.


Many seniors believe that they are at an age at which they have passed life insurance eligibility.  Although most major life insurance policies require health underwriting (many smaller policies do not) and they won’t automatically deem you ineligible for insurance if you have pre-existing conditions, but you will pay more.  For instance, a 70-year-old male in excellent health would pay an average of $3,295 with a $100K death benefit, while an applicant with a condition like controlled diabetes might pay about $5,449 per year.  Before applying, experts recommend that you proactively manage your health.  For example, if you have high cholesterol, bring it down through medication and diet.  You can even pay to have a blood test run prior to applying to make sure your medical condition is under control (Kiplinger’s Retirement Report, August 2021, P8).

Pebble Beach, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Pacific Grove, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Carmel, CA Genworth Long Term Care LTC Premiums To Go Up


Carmel, CA  Genworth Long Term Care LTC Premiums To Go Up

One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Salinas, CA Genworth Long Term Care LTC Premiums To Go Up


One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums

Pebble Beach, CA Get Help Dealing With Long Term Care LTC Companies

A stethoscope laying on top of papers.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.  We have multiple clients in Pebble Beach and Pacific Grove and can help you through the LTC red tape.

California Sues Brookdale Nursing Home Chain

A woman looking out of the window at her home.


Salinas), claiming that they have manipulated the Medicare ratings system to make their nursing homes look more attractive than they actually are.  The lawsuit is among the first of its kind to accuse nursing homes of submitting false information to the U.S. Centers for Medicare & Medicaid Services, or CMS, which uses data on the amount of time spent with residents and pairs it with in-person examinations by state health inspectors.  The facility is then ranked based on stars, allowing consumers to choose which facility they want to put a loved one in.  The lawsuit accuses Brookdale of falsifying its payroll-based journal entries, effectively stating that they have more staff than they do.   Prosecutors also are accusing Brookdale of illegally evicting or transferring residents so the chain could replace them with clients that generate more revenue.  A former Brookdale nursing assistant said in a deposition that her supervisors told her to falsify medical records to make it look like patients received more care than they did.

https://www.nytimes.com/2021/03/15/business/california-lawsuit-brookdale-senior-living-nursing-homes.html?campaign_id=49&emc=edit_ca_20210316&instance_id=28107&nl=california-today&regi_id=52105769&segment_id=53505&te=1&user_id=7052b81671c57203c64c377c7522baa7

https://www.brookdale.com/en/communities/brookdale-salinas.html?cid=yext

Carmel, CA Get Help Dealing With Long Term Care LTC Companies

A group of people giving thumbs up to the camera.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.

Pacific Grove, CA Get Help Dealing With Long Term Care LTC Companies

A stethoscope laying on top of papers.


There was an article in the November 2020 Kiplinger’s Retirement Report (page 18) about the difficulties that many people are having getting their LTC provider to pay up.  At Family inHome Caregiving we have dealt with a lot of LTC providers, and each one is different.  We assist our clients by filling out the proper paperwork and giving the LTC provider the reports that they need in order to process the paperwork quickly.  We have found that typically, it takes a couple of claims to figure out exactly what the LTC provider is looking for.  However, once you get the kinks worked out, it is smooth sailing.

Monterey, CA Genworth Long Term Care LTC Premiums To Go Up


Monterey, CA  Genworth Long Term Care LTC Premiums To Go Up

One of the few remaining companies in the long-term care industry, Genworth, sent out a brochure to policy holders signaling rate hikes are coming.  Said the company:

Our policies are generally held for 30-40 years, which means when they were initially priced, a lot of assumptions were made future costs for claims that would be made decades later.  Many of those assumptions were incorrect because the cost of and demand for care have both skyrocketed since.  Insurance companies, including us, have had significant losses as a result.  Many have left the business.  Despite losing $3.6 billion on our older legacy policies, we’ve decided to stay in the business and file for rate increases on these older policies and select newer ones to cover the cost of future claims.  To learn more, call 1-888-479-6889 or go to Genworth.com/LTCpremiums