The news this week is not new, but very consistent and concerning for baby boomers facing retirement. Prudential announced that effective at months end, it would no longer accept applications for long term care protection. This is the tenth of the top twenty sales companies to discontinue policies to individuals for the important care policies. The company cited low yields on bonds and higher then expected policy payments for this product line.
On RetireSmart Radio Show this Sunday, B Michael Shanley will discuss this problem, its impact on your retirement, and some hybrid ideas to get the best of the needed insurance, for an affordable price. Tune in to WDEL 1150 AM at 10:30 AM Sunday March 25th for this important information.
Michael Shanley is the President and Senior Retirement Advisor for the Brandywine Valley Advisors Group with offices in West Chester and Wilmington. Consider your options with the professional advise you need to make a custom retirement plan for your family. You can contact Michael at 484-881-8899