For the first time since inception in 1998, the CA Partnership for Long-Term Care announced a decrease in the minimum daily benefit amount (DBA) allowable for Partnership policies, effective January 1, 2013. The minimum DBA will go from $180/day to $170/day. Existing Partnership... Learn More
When collecting information from your client regarding retirement planning, wealth transfer, and life insurance for premature death, final expenses are always a factor of the equation. One component of that factor is the cost of the funeral. Below are the latest estimates... Learn More
In a letter to shareholders dated Dec. 5, 2012, Robert H. Benmosche, President and CEO of American International Group (AIG) announced that the last number of shares owned by the United States Department of the Treasury had been sold, paying off the bailout... Learn More
Providing the consumer with additional ways to fund LTCi was one of the accommodations in the The Pension Protection Act of 2006 (PPACA). Effective Jan. 1, 2010 individuals have new, tax-favored procedures for helping to pay for transferring the probable risk of long term care costs... Learn More