Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Tips on Buying Insurance

By Ben Steverman - 2011-09-14T20:16:16Z

Getty Images

Company Symbol % Change
Berkshire Hathaway Inc BRK/A:US -0.72
7 of 22

Expect Sticker Shock

Long-term care insurance has become more expensive. Customers who bought policies in the past should hold onto them, University of Texas' Kitt says. Although premiums may rise, those policies are likely more generous and less expensive than current products. Buy between ages 40 and 55, and "the premium is much more manageable," says Terry Headley, an insurance agent and president of the National Association of Insurance & Financial Advisors. Adviser Knox acknowledges that buying while premiums are high is a tough decision. "There's a lot of uncertainty around the premiums and how much they'll rise," she says. Balance that against the uncertainty you'll face with no long-term care coverage.