Boomers Cash Out Life Insurance to Pay for Long-Term Care

Through some life settlement products available today, life insurance holders are selling their policies and using the proceeds to finance long term care needs. One company that offers the option is finding clients who sell their life insurance are using the proceeds—overwhelmingly—to pay for immediate medical or healthcare needs, long term care services or to increase retirement […]

Aetna to Buy Coventry for $5.7 Billion, Bolsters Medicaid Enrollment Ahead of Expansion

Hartford, Conn.-based Aetna (NYSE:AET), one of the nation’s biggest health insurers, plans to buy fellow insurer Coventry Health Care (NYSE:CVH) in a $5.7 billion deal that will substantially bolster its Medicaid enrollment leading up to the Affordable Care Act’s Medicaid expansion.  The total transaction is valued at $7.3 billion, including the assumption of Coventry’s debt. […]