Why Accepting Cash Payouts for Reduced Long-Term Care Insurance Benefits May Not Be in Your Best Interest
Why Accepting Cash Payouts for Reduced Long-Term Care Insurance Benefits May Not Be in Your Best Interest Recently, companies like Genworth and other long-term care (LTC) insurers have started offering policyholders cash payouts in exchange for reducing their policy benefits. This may seem like an appealing option if you’re looking for quick cash or have concerns about rising premiums. However,…