November is Long-Term Care Awareness Month and it is with great sadness that Mass Mutual is leaving the stand-alone Long-Term Care space. Of particular significance is the abandonment of the New York State Partnership for Long Term Care. New York State Partnership for Long-Term Care What is the Partnership? The NYS Partnership for Long-Term Care (NYSPLTC) is a unique Department of Health program combining private long-term care insurance and Medicaid […]
Whole Life insurance has long been regarded as a great vehicle for cash accumulation. Owners of these policies enjoy dividends and compounding interest that ascend in value as their cumulative premium payments add up. It’s even possible for these interest and dividend payouts to cover the cost of the policyholder’s premium payments over time. Add to the mix a tax-deferred status to boot, and you can see why Whole Life […]