One out of two individuals who purchase long-term care insurance at age 65 will actually utilize their coverage according to data released by the American Association for Long-Term Care Insurance (AALTCI)."It's a 50-50 probability that someone getting long-term care insurance at age 65 will use their coverage and that's a
Pandemic adding to the physical and financial stress facing many Black caregivers
Nationwide Retirement Institute® survey highlights the challenges Black caregivers overcome during COVID-19
News provided by
Share this article
Share this article
COLUMBUS, Ohio, Feb. 11, 2021 /PRNewswire/ While the risk of COVID-19 poses the greatest threat to the elderly, it s also taking a toll on the people they rely on most: their caregivers. This is particularly true in the Black community, where the pandemic presents new sources of stress, both physically and financially.
A new Nationwide Retirement Institute® survey of 313 Black caregivers commissioned in September 2020 reveals the toll the pandemic has taken on those providing care. Many current caregivers are worried that they can t protect their loved one from getting sick (67%) and among all caregivers, more than half feel that they can t take a day off (54%).
Date Time
Looking to long-term
The Government Actuary’s Department (GAD) has completed actuarial reviews for 2 of Guernsey’s social security funds. These are the Guernsey Insurance Fund and the Long-term Care Insurance Fund.
GAD’s involvement
Social security is a long-term undertaking because benefits for current contributors may still be being paid in 60 or more years’ time. It is therefore important that policymakers and the wider public have a clear understanding of the financial commitments being made.
GAD looked at the period up to the year 2080. The reports show the contribution rates required to finance the benefits, allowing for the policy on the balance that should be held in the funds.
10 February 2021
The Government Actuary’s Department (GAD) has completed actuarial reviews for 2 of Guernsey’s social security funds. These are the Guernsey Insurance Fund and the Long-term Care Insurance Fund.
GAD’s involvement
Social security is a long-term undertaking because benefits for current contributors may still be being paid in 60 or more years’ time. It is therefore important that policymakers and the wider public have a clear understanding of the financial commitments being made.
GAD looked at the period up to the year 2080. The reports show the contribution rates required to finance the benefits, allowing for the policy on the balance that should be held in the funds.