The President’s Message 2017 started out as a good year for our Company. We began to see our finances stabilize as a result of the large reinsurance transaction we entered into in 2016 and were getting adjusted to being a smaller company with the hope of being in more control of our own destiny. However, the loss of our AM Best rating, caused by our parent company falling behind in completing its annual audits, was a major blow. We had made strides and were beginning to experience an increase in sales activity which was reversed when we lost the rating.
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“Senior living might want to reconsider its superiority complex,” by John O’Connor, McKnight’s Senior Living “It wasn’t long ago when many assisted living operators disparaged their skilled care brethren as being somehow second-class. It wasn’t hard to see why. Back then, assisted living communities generally could claim to offer greater choice, autonomy and aesthetics. As for nursing homes, they were comparatively bleak at best. Plus it seemed they were always getting themselves into trouble. But much has changed in the past two decades. For one, many skilled care settings have stepped up their games, big time. The old institutional look
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“How to Use RMDs to a Client’s Advantage: Morningstar’s Benz,” by Jane Wollman Rusoff, ThinkAdvisor “Who should buy long-term care insurance? The long-term care question is the big risk factor in many retirees’ plans. People who don’t have long-term care insurance are courting a risk that they may incur big costs that could gobble up their portfolios. But those policies are very expensive. Yes, and premiums have been rising. So even people who thought they were doing the right thing in buying a policy have, in some cases, been socked with really large premium increases. What’s the risk if people
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