Personal Finance Advice and Commentary

Tuesday, February 23, 2016 6:12 pm
By Jennie L. Phipps ·

As the need for long-term care increases, innovative ideas are taking root.

Thursday, August 27, 2015 1:00 pm
By Jennie L. Phipps ·

Long-term care insurance may cover a stay in a continuing care retirement community, but getting the insurer to pay up could be a challenge.

Friday, January 23, 2015 10:29 am
By Jennie L. Phipps ·

Combining life insurance with long-term care works for some people, but it isn’t a good deal for others.

Friday, November 21, 2014 6:00 pm
By Dr. Don Taylor ·

A shared care policy allows you to pool your benefits. If you each have a three-year care policy, that’s six years of combined benefits.

Thursday, November 13, 2014 2:30 pm
By Jennie L. Phipps ·

Insurers adapt long-term care insurance to rising prices and a changing market.

Monday, September 22, 2014 12:24 pm
By Jennie L. Phipps ·

Here are five financial steps you need to take to get ready to be a caregiver.

Monday, September 15, 2014 3:16 pm
By Jennie L. Phipps ·

Retirees rank health as the No. 1 ingredient for a happy retirement.

Thursday, March 08, 2012 4:57 pm
By Jennie L. Phipps ·

Buying individual long-term care insurance is getting more difficult — yet another retirement-planning handicap.

Prudential has joined the list of major insurers that have dropped their business. Besides Prudential, these include MetLife and Unum Group, which have eliminated some group policies. All say the cost of offering this retirement protection is too high.

Large long-term care insurers still in the business of selling insurance to individuals include Genworth and John Hancock.

In the meantime, the IRS has increased deductibility levels for long-term care insurance policies purchased in 2012. If you run a small business — even one that you or you and your spouse operate part time — long-term care can be a significant tax deduction.

Wednesday, June 29, 2011 11:56 am
By Jennie L. Phipps ·

If you’ve been delaying buying long-term care insurance as part of your retirement plan because you don’t think you’ll need it, you might consider a different flavor of this product — life insurance with a long-term care rider. An increasing number of insurers are offering it, including Sun Life, which just introduced these policies this

Monday, June 20, 2011 11:15 am
By Jennie L. Phipps ·

My husband and I received our annual long-term care insurance bills Saturday, and sometime in the next month, we’ll each have to write hefty checks. Our combined bill comes to $3,367, which is not small potatoes. When we bought the insurance 10 years ago, we considered using the monthly payment plan offered by the insurer.