Money Buzz 04/03
Long-term care insurance; why your state might not be included in the federal estate tax repeal
Long-term care insurance, policies that provide benefits if purchasers have to move into nursing homes or need home care, used to be associated with the elderly. But providers have begun marketing long-term care insurance to younger men and women. MassMutual has even teamed with the U.S. Chamber of Commerce to offer long-term care insurance to small-business owners. But insurance analysts say such insurance is an unwise investment for entrepreneurs in their 30s and 40s.
"At that time in your life, you're worried about lost income from missed work, and missed work would be covered by disability insurance," says Patrick Brady, executive director of Citizens for Long Term Care, an organization representing all segments of the long-term care debate.
Entrepreneur Editors' Picks
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
Why You Need to Become an Inclusive Leader (and How to Do It)
Career Transitions You Can Make in Your 40s and 50s
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
4 Principles to Develop Next-Level Leadership at Your Company
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market