As Boomer Need for Long Term Care Insurance Explodes, Insurers' Finances Implode Artwork

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STW Radio is broadcast on AM radio weekly. It was born out of the crisis of 2008 and was the mission of its host, Bruce Weide, (President of Secure Financial Services, Inc.), to fill a massive void in most American's retirement portfolio. This safety net would have literally saved them any grief in the crash of '08-'09 and let them pick right back up on the historic gains from there.Today, most of America seems to believe that the government has made everything all better now, and investment risk is a thing of the past - 2008 is never coming back or will always get fixed if it does.Straight Talk Wealth Radio is dedicated to researching and reporting all sides to the stories that matter to those close to retirement or in retirement. In-depth interviews and reviews or Bulls and Bears; Inflationsists and Deflationists; Economists and Financial Strategists. Coming in March of 2019 - make sure to WATCH Straight Talk Wealth episodes Livestreamed on Facebook, YouTube and Periscope!

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As Boomer Need for Long Term Care Insurance Explodes, Insurers' Finances Implode

March 17, 2019 • Bruce M. Weide • Season 2019 • Episode 4

Presently, !0,000 Baby Boomers A DAY turn 65 in the U.S., and it will continue until the year 2030! At that time there will be more people old people (over 65) in the U.S. than young people (18 and under) for the first time ever in the history of the country!

Stats show that 7 out of 10 retirees will need Long Term Care (LTC) support services at some point in their retired life.

Then this from the WSJ: "Millions Bought Insurance to Cover Retirement Health Cost, Now They Face an Awful Choice". That's because LTC Insurers are throwing in the towel from losses (long before the crush has even started!) and either leaving the market or raising rates dramatically.

What choices will be left for aging Boomers? Bruce covers the story in this episode!

Talk to Bruce by visiting https://www.straighttalkwealth.com