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Jan
22

What Does Long-Term Care Cost?

A lot, you’re thinking? Sometimes, yes. Prudential released a study in 2011 that said “Americans tend to overestimate the costs associated with long-term care, which amplifies their level of concern about paying for it.” That’s a nice way to say we get the “deer in headlights” fear whenever we think about it, so it’s easier …

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Mar
11

The New Directions of LTCI

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

Is CPI Inflation Adequate?

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 …

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