Life insurance is a versatile product that Americans use for protection, tax planning, a savings tool and many other important life planning options. Of late, Americans are turning to life insurance ...

Like automobiles, the future of long-term-care insurance may lie in hybrids. Indeed, Prudential Financial Inc. today confirmed that it is working on a hybrid life insurance and long-term-care product.

If the long-term care market is “broken,” why are some experts calling this year the year to buy the product? “The current private long-term care insurance market is effectively broken,” says Gretchen ...

Long-term care services in the U.S. cost an average of $60,000 to $100,000 a year. Long-term care insurance can help you cover LTC costs without depleting your savings. The best time to buy LTC ...

A consultant working with Minnesota officials says a Medicare companion product might be a better answer than taxing residents to underwrite a public long-term care benefit. The state is studying a ...

Getting older is a reality of life. And aging will come with costs, both during your life and after you have died. Fortunately, there are ways to prepare for these costs in advance so that you can ...

It’s not just a ball of confusion when it comes to long-term care insurance. It’s one massive ball pit and Americans are drowning in it. It's time for the financial advisor community to literally play ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...

The high cost of long-term care can significantly impact seniors' finances at a time when many older Americans can least afford it. According to Genworth's 2023 Cost of Care Survey, the average cost ...

Long-term care is a high risk and huge potential cost for aging Americans. Yet few plan ahead, and fewer still insure privately for this impending peril. Until now. Private insurers report that ...