Long Term Care Blog

John Hancock exits long term care insurance sales

| Jack Lenenberg

John HancockJohn Hancock Discontinues LTC Insurance Sales

One of the pioneers of long term care insurance announced today it is making the difficult decision to stop selling long term care insurance policies effective December 2, 2016.  John Hancock has...

IRS Increases 2017 LTC Insurance Tax Deduction Limits

| Jack Lenenberg

Long Term Care Insurance Tax DeductionThe IRS just released an announcement that the 2017 tax deduction limits for traditional tax-qualified long term care insurance premiums are increasing for tax year 2017.  The increase approximates 5% from the 2016 LTC tax deduction limits.

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LifeSecure long term care insurance review

| Jack Lenenberg

Life Secure Logo PngFounded in 2006 as a wholly owned for-profit subsidiary of Blue Cross and Blue Shield of Michigan, LifeSecure Insurance Company focuses on long term care insurance, marketing today only within the group worksite arena. 

Initially, LifeSecure...

New York Life long term care insurance rating and review

| Jack Lenenberg

New York Life Long Term Care InsuranceReview of New York Life long term care insurance NYL Secure Care AARP

NYL Secure Care is the repriced long term care insurance policy underwritten by New York Life introduced April 2016. 

Concurrent with the launch of NYL Secure Care this...

MedAmerica announces exit of long term care insurance arena

| Jack Lenenberg

Med AmericaMedAmerica is withdrawing from the long-term care insurance and the short-term care insurance marketplace effective February 16, 2016.

MedAmerica first entered the long term care insurance marketplace in 1988.  MedAmerica currently provides...

Nationwide Your Life CareMatters Long Term Care Insurance Review

| Jack Lenenberg

Nationwide Ltc Insurance Care MattersNationwide offers a very unique long term care insurance policy in the marketplace.  The Nationwide YourLife CareMatters policy is a hybrid linked-benefit policy that offers you cash indemnity LTC benefits.

Hybrid linked-benefit LTC policies...

2016 Long Term Care Insurance Tax Deductions

| Jack Lenenberg

Ltc Tax Deductions

The end of the year is always a good time to review your financial plans.

Here is a year-end incentive to review your long-term care plans:

Long term care insurance premiums may be tax-deductible for you as a medical expense.

For 2016, the...