IQ expert Dr. Marion Somers: Examining your options for long-term care insurance
A: There are many companies that sell long-term care insurance as well as other insurance products. Its always best to call reputable companies and ask lots of questions. These insurance companies are there to serve your needs and will work hard to gain a satisfied customer.
If by bundling you mean something like bundling home and auto insurance for a discount, then, yes, there are companies that offer a “loyal customer” discount for buying long-term care insurance along with other products. Other discounts may be available through professional associations and organizations.
read moreVa. insurer gets Kansas state workers’ long-term care insurance deal
Genworth Life Insurance Co., part of Richmond, Va.-based Genworth Financial, will provide insurance for the Kansas State Employee Health Benefits Plan long-term care insurance program.
The program will be available to more than 49,000 employees, retirees and their families. Terms of the deal were not disclosed.
“Two-thirds of people over age 65 will need long term care in their lifetimes, but most Americans have not proactively planned for this possibility,” said Buck Stinson, president of U.S.
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