How would you cover the cost of long-term care? It's a question most people can't answer, and understandably so. The cost of care is high, and rates for long-term care insurance have risen sharply.
On yesterday's
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MassMutual is the latest among many long-term care insurance (LTCI) providers to announce significant rate increases for existing policyholders. The company recently announced plans to seek a whopping 77% rate hike that
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Imagine an investment with the stock market’s upside potential, but the downside protection of a bank CD. You can gain but not lose. Interested?
That’s the marketing angle of the fixed index annuity (FIA), an
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In response to our November-issue article Bridging the Gap: Covering What Medicare Doesn’t Pay, a reader asked for a follow-up piece on “using a Christian health sharing plan as a supplement to Medicare.” We’re happy to
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Many people assume Medicare pays for all medical expenses of America’s seniors. That isn’t the case and never has been. The program — modified only slightly since being launched more than a half-century ago in 1965 — was
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Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
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Disability insurance may seem like just one more layer of protection you don’t really want to pay for. However, as when considering all forms of insurance, it’s wise to ask yourself, “What if?” In this case, what if you
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With the summer vacation season around the corner, soon you may find yourself standing at a rental-car counter engaged in a potentially awkward conversation about insurance coverage. The rental-car agent may tell you there
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Start investigating the subject of “umbrella” liability insurance and it won’t be long before you hear this phrase: “It’s only a couple hundred dollars per year for $1 million of coverage.”
While it may sound like you get
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I’m in the midst of revising our Recommended Cash Flow Guidelines, moving the recommended amounts for housing downward and the recommended amounts for saving upward (more on these changes in a future blog post), among
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