Genworth Financial is one of the nation's leading underwriters of long-term care insurance policies so its data is good. In Alaska, the cost is over $300,000 per year so there is a wide range in costs throughout the United States.
The median cost per year grew 6.7% from 2017 to 2018. That well out-paced inflation.
Long-term care insurance is one way to shift that risk but some people can't qualify for a policy because it is medically underwritten. In fact, the number of long-term care policy purchases have declined in recent years.
One of my services involves asset protection from the high cost of nursing homes.
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The FTC’s cooling-off rule or the 3-day right to cancel
One of the cardinal rules of home improvements is always to get at least two (if not three) estimates. Why? When a homeowner gets more than one estimate, then usually Mr. Market works. Oftentimes there can be a considerable variation in prices. The low price for fungible goods is usually your best value. When "big box" retail home improvement stores came on the scene in recent years (think Home Depot and Lowe's), a whole lot of price competition got injected into the market.
For example, until recently I thought only a Pella dealer could sell Pella doors. Turns out Lowe's sells and installs Pella doors. It is the same product and the door ...
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“A windfall that borders on the obscene”
Those are the words of Nebraska Supreme Court judge William Cassel dissenting in the case of Wisner v. Vandelay Investments. The case result was that the estate of a 90 plus widow ended up losing real estate worth over a million dollars due to unpaid real estate taxes of $50,000.
Gladys Wisner owned 480 acres of Lincoln County, Nebraska real estate. In 2009 Gladys moved into a retirement community. In 2010, the real estate taxes became delinquent. In 2011, the county sold a tax certificate for the property. It yields interest at the rate of 14 percent. Because of that high rate, Nebraska has a very active market in these financial ...
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