Article Abstract:
Long-term care insurance is seen to post robust gains as the baby boom generation approaches old age and become increasingly aware of their mortality. In view of this projected boom in long-term care insurance sales, insurance companies and agents should adopt the right measures to ensure that the buying public is properly served. They should make the proper recommendations to customers, such as focusing on coverage instead of cost and buying at a younger age. For its part, the government should clarify the tax implications relative to long-term care insurance.
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Article Abstract:
A law designed to provide greater coverage in employee health plans for mental health claims could lead to less coverage. The Mental Health Parity Act of 1996 is designed to provide the same limits and coverage for mental health benefits as other health benefits. The law allows employers to limit the number of days for inpatient care and outpatient sessions and also allows companies to provide no mental health coverage at all. Several states already have mental health parity laws.
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Article Abstract:
An interview of five different heads of life/health insurance companies yields a general picture of the educational and career training as well as of the personal traits that are required of the industry's leading executives. The five executives interviewed agree that a solid legal background, a diversified occupational progression within the industry and a willingness to change companies are some of the common elements that led them to their present positions.
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