Expert Column
Duane Lipham 
CLTC
Duane Lipham is a Certified Long-Term Care (CLTC) consultant who writes extensively on long-term...read more
Articles In This Column
- Buying Long-Term Care Insurance: What Is the Best Age to Purchase?
- Your Long-Term Care Insurance Plan: How to Find an Affordable Policy without Sacrificing Coverage
- Top 8 Facts About Long-Term Care Insurance in 2009
- How Long Will You Have To Pay Long-Term Care Insurance Premiums?
- The Underwriting Process: How the Price of your LTCI Premiums are Determined
- Long-Term Care Insurance: The Application & Underwriting Processes
- Why You Could Be Declined For Long-Term Care Insurance
- The Advantages of Long-Term Care Insurance for Couples
- No Long-Term Care Insurance? Read This!
- LTCI: Does Automatic Inflation Protection Guarantee Against Rate Hikes?
- A Sneaky Secret About Long-Term Care Insurance Premiums
- How to Identify a Partnership-Qualified Long-Term Care Insurance Policy
- State Long-Term Care Partnership Programs: An Overview
- The Most Common & Expensive Long-Term Care Insurance Mistake
- Preserve Your Long-Term Care Coverage with Inflation Protection
- Long Term Care Insurance: How to Choose the Best Elimination Period
- Do You Really Need All Those Long-Term Care Insurance Options?
- Are Tax-Qualified LTCI Policies Consumer Friendly?
- Choosing the Long-term Care Insurance Company That’s Right for You
- Tax Benefits for Long-term Care Insurance: What You Qualify For
- How Do You Select A Daily Benefit For Long-term Care Insurance?
- Which is Better: Individual Long-Term Care Insurance or Group Plans?
- Preparing for the High Cost of Long-Term Care
- When Should You Consider Buying Long-Term Care Insurance?
- The Facts: What Medicaid Pays for Long-term Care
Financing Long-Term Care
Long-Term Care Insurance: The Application & Underwriting Processes
Underwriting is essentially the acceptance of risk in return for payment. In long-term care insurance, this occurs when an applicant becomes a policyholder, paying the insurance company to accept the risk that may require them to pay out claims on the applicant’s behalf. Many people wonder what the application process and the underwriting process for long-term care insurance are about and how it all works. I’ll discuss all of that in this article. Why is underwriting necessary? The answer...Read entire article »
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Why You Could Be Declined For Long-Term Care Insurance
In most cases, if you are in reasonable health you can expect to be approved for long-term care insurance. But approval is not automatic and there are guidelines that the major carriers use to determine who qualifies. These guidelines are published by each carrier in an underwriting field guide which agents use to help them decide whether someone is a good candidate for long-term care insurance with that company. Many underwriting procedures are fairly standard across the industry. Factors...Read entire article »
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The Advantages of Long-Term Care Insurance for Couples
Long-term care insurance is a good financial protection vehicle for anyone who has enough assets to protect and can comfortably afford the premiums. It can help ensure that all of the time and effort you have spent on acquiring a sufficient retirement income is not lost due to the rising costs of long-term care. There are several specific advantages for couples purchasing long-term care insurance. Consider this: most often, the healthier spouse acts as the primary caregiver. Without long-term...Read entire article »
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No Long-Term Care Insurance? Read This!
There are several reasons why consumers may choose not to buy long-term care insurance. Some of those reasons may be based on very sound decisions. For instance, if you have made a thorough investigation into the cost of premiums from several of the financially sound major carriers and have found that the cost is more than you can reasonably bear, then long-term care insurance is not for you. But if you are like most people, the real reason that...Read entire article »
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LTCI: Does Automatic Inflation Protection Guarantee Against Rate Hikes?
In A Sneaky Secret About Long-Term Care Insurance Premiums, I discuss the possibility of LTCI premium increases due to selecting an inflation protection option that is not automatic at the inception of the policy. In this article, I will explain how policyholders could face future rate increases due to factors that are beyond their control. Protecting Against Premium Increases When a policy design includes automatic inflation protection, the premiums are designed to stay level for life. This is because...Read entire article »
