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Investment banks might have CIPA.

Congenital Insensitivity to Pain with Anhidrosis, or CIPA, is a genetic condition that stops its subjects from feeling pain. In laymen’s terms, the subject’s body cannot communicate “pain” signals to his or her brain.

It’s an extremely rare phenomenon, afflicting only 17 people in the US. Yet, as rare as this condition is for individuals, investment banks seem to have it in spades.

In the last month, corporate heads at Goldman Sachs, Lehman Brothers, and Morgan Stanley have all come out saying, “the worst is over” for the financial crisis. As with CIPA, these corporate heads don’t seem to be receiving “pain” signals from their corporate bodies.

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Baby boomers are quickly approaching retirement age, and as they do, there are a number of concerns that need to be addressed, particularly in the area of healthcare. Unfortunately, there appears to be no easy answers to the healthcare problems that baby boomers, and the population in general, will face in the very near future.

Baby Boomers are people who were born between 1946 and 1964. During this period of time the United States of America saw an explosion in birthrates that had never been seen before and nothing like it has been seen since. Today, baby boomers make up approximately 28% of the total United States of America population.

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Most people who buy LTC insurance are not aware about future premium increases. LTC insurance premiums are not guaranteed and may increase with permission from state departments of insurance.
The obvious question is have they and will the in the future increase premiums? The answer is yes, they have and many will also increase premiums. Insurance companies can raise rates but only for everyone in the same pool of insured. The company cannot target individual policyholders for special rate increases despite the number of claims someone may make.

Other misconceptions about LTC Insurance:

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There was a recent blood-bath reported on Wall Street which spread to stock exchanges throughout the world. Billions of dollars disappeared overnight. Actually, the reality is, the money didn’t just disappear. It was transferred from the naive to those who knew better.

Stocks have always been touted as a good way to make money. The stock market itself has been described as being akin to a living organism, moving up and down seemingly at its own will. This is the result of billions of people buying and selling each day, each with his own mind, and yet also being at risk of being subject to the herd mentality. Greed and fear have resulted in prices of stocks being driven to ridiculously high values, and suddenly crashing down soon after.

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