Term Insurance is coming!

Term Insurance discrimination is coming   Term Insurance it’s perfectly legal. The Long Term Care insurance industry has finally recognized the obvious: Women live longer than men. And because women live longer, they use more benefits from their long-term care insurance policies.

Term Insurance  belatedly, the LTC insurance industry is about to change from unisex pricing based only on age, to a gender-specific model, as they do with life insurance. This idea is that this will better price the risk to the insurer. The reality is that prices of long-term care insurance policies will rise as much as 40 percent for Term Insurance !

“The Term Insurance of long-term care — custodial care, not medical care — are not going away anytime Term Insurance soon and people need to take the responsibility on their own to plan for this type of an event,” says Brian Gordon of MAGA LTC, an insurance brokerage that specializes in long-term care insurance says. “Government cannot provide the kind of care you want for your parents or Term Insurance.”