For the past few weeks, Chris Orestis has been jumping from station to station spreading the word of Life Insurance Settlement. His tour most recently brought him to the station, This Week in America. Chris is nearing the end of radio tour, but he has something different for us today. Chris skype called This Week in America’s Ric Bratton for an interview The setting of the interview was different and so were the topics. Chris and Ric talked about how Life Care Funding can really…
Health Care Industry, interview, Life Insurance Bill of Rights, Long Term Care, radio, Senior Life Insurance, Surrender Life Insurance, video
In essence, the arguments for and against PPACA boil down to which side of one simple question you are on: Do the needs of the many outweigh those of the individual or do the rights of the individual outweigh the needs of the many? The Supreme Court of the United States wrapped up three days of intense deliberation about the constitutionality of President Obama’s Affordable Care Act passed two years ago. Much of the debate centers around the mandate that individuals must purchase health insurance…
Health Care for Seniors, Health Care IndustryAn unexpected announcement by MetLife that it will exit the long term care insurance market in less than two months stunned an industry that has been forced to endure an escalating series of negative announcements over the last three years. The industry has worked for years to meet the needs of baby boomers would begin crossing over into retirement age, and long term care insurance policy sales should be booming. But instead, the industry has been set back by decreasing sales, rate increases, blocks of…
Health Care Industry, Long Term CareMetLife said Thursday that it will no longer offer long-term-care insurance, the coverage that people buy to pay for nursing-home stays or assisted living in the latter part of life. The company will still honor the obligations it has to existing customers, but it will not take new customers after Dec. 30. People have typically paid for long stays in a nursing home or assisted-living facility by taking out a reverse mortgage or by buying long-term-care insurance. The insurers have had more customers cashing in…
Health Care Industry, Long Term Care CostChris Orestis discusses Life Insurance Consumer Disclosure legislation before the NCOIL Life Insurance and Financial Services Committee (July 9, 2010)— Life Care Funding Group’s president, Chris Orestis testified in Boston on Friday, July 9th about the important role that Consumer Disclosure Legislation in states such as Maine, Washington, Oregon and Kentucky can have as a model for other states to consider in the coming legislative year. The legislation enacted in these four states has become an important precedent as it compels life insurance companies to…
Health Care Industry, Insurance DisclosureThis past Friday we received a call from a woman who had just learned about the Life Care Funding option from the assisted living center where her husband had recently moved. Her husband is 79 with advancing Alzheimer’s and they moved him into a care facility two months ago. Covering the costs have been a stretch for her and her adult children and the facility told her that if they have a life insurance policy they could get money for it now through a life…
Health Care Industry, Insurance ConversionThe Senior Living industry’s growth is driven by a couple of key factors that can trump the impact of a sagging economy: need and numbers. People don’t move into an assisted living community or a skilled nursing home because they want to—they do it because they need to. When the health and safety of a loved one is in jeopardy by living alone, families must take action. Adding to this need driven dynamic is the sheer number of seniors and now Baby Boomers beginning to…
Health Care Industry, Senior LivingIn reaction to the deepening economic crisis, “senior living” companies that provide independent living, assisted living, continuing care retirement communities and skilled nursing care have begun actively offering “Funding Solutions” programs to seniors and their families. Deep losses in the value of homes and investment portfolios, as well as the decline of long term care insurance companies, have had a very painful impact on people preparing to enter the stage of life where living at home alone is no longer a viable option. Making this…
Health Care Industry, Retirement FundingPenn Treaty American Insurance Company has failed, and now Pennsylvania insurance regulators are contemplating what to do with the defunct company. The Pennsylvania department was forced to take over a large block of Conseco polices only a few weeks ago, and now they will assume responsibility for all existing policies that were sold by Penn Treaty American and its subsidiary, American Network Insurance Company. Penn Treaty American fell victim to the same situation that has plagued so many other long term care insurers—in the quest…
Health Care Industry, Long Term Care