Premium hikes on long-term care insurance policies are being planned by two of the industry’s largest players, but both stated their intentions to strengthen their positions and remain in the industry. Both John Hancock Life Insurance Co. and Genworth long-term policyholders should expect to see their premiums raised in 2014 following announcements made during third […]
MetLife
Big-name providers fleeing the long-term care insurance market—think MetLife and Prudential—has contributed to uncertainty of the sector’s future, according to Moody’s Investors Services in a new report. The U.S. population is aging and will almost certainly need non-medical coverage on a major scale, but persistent losses, a challenging operating environment, and the exit of key […]
1. AHCA Announces Recipients of 2012 National Quality Award Program The American Health Care Association and the National Center for Assisted Living (AHCA/NCAL) recently announced the recipients of the 2012 National Quality Award program. A total of 458 skilled nursing or assisted living facilities from across the country earned a Bronze, Silver or Gold from […]
Most consumers, whether they or their parents are the ones in the market for a senior living community, can agree on a few main considerations when looking into a future residence, but priorities may shift depending on who’s doing the research, and marketing should reflect that accordingly. While quality, reputation, proximity, and cost are generally key […]
One of the latest innovations in affordable senior housing made its grand debut on Tuesday, May 22 when the first MEDCottage unit was placed in a Virginia family’s backyard. “Today, as 78 million baby boomers prepare for their senior years—potentially straining nursing homes and government-funded healthcare programs—we’ve taken a significant step forward in redefining the role […]
Despite a commonly-held thought that the baby boomer generation will need to “work forever” because of financial insecurity, a 2011 MetLife Mature Market Institute study found that boomers are actually “retiring in droves,” and gives some insight on where this generation is living in retirement. Hint: Staying at home still rules, but active adult communities […]
The reverse mortgage borrower of today is getting younger, and the age may be declining even further as a result of the financial stresses of the past four years, according to a study released this week by MetLife’s Mature Market Institute. This new group of borrowers is also using the reverse mortgage in a new […]
When it comes to family obligations and financial decisions considered across three different generations, an overwhelming majority of the Baby Boomer cohort believe in being self-reliant in retirement, according to a MetLife survey, “Multi-Generational Views on Family Financial Obligations.” All three generations, including Gen Xers and Gen Yers, believe they have responsibility and obligation to: […]
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