Jan 24, 2018

Did you know there is a seven in ten chance that at least one member of a married couple will need long term care one day?.…and the cost of care is steep!  Nationwide, extended care is costing $200 billion dollars annually, according to the Wall Street Journal.  …Knowing this, millions of Americans have bought long term care insurance. They are paying on those policies, even though their premiums are rising.    But it’s worse than you think. The record shows that almost every insurer in the business badly underestimated how many claims would be filed and how long people would draw payments. People are living longer and and claims are costing insurers far more than they planned--Today we'll survey the problem, provide solutions, and welcome some special guests, including PHD Doris Milton. Mastering Money is on the air!!