Oct 25, 2021 | Long Term Care Insurance, Retirement Planning
Once it has been determined that someone is health-eligible to purchase long term care (LTC) insurance, plan design begins. Although plan designs and available riders do vary somewhat between insurers, here are the primary design considerations: Monthly benefit...
Aug 26, 2021 | Long Term Care Insurance, Retirement Planning
With people living so long, a retirement can often outlast a retiree’s working years. Typically there’s considerable financial preparation that occurs prior to retirement. But despite all the planning, the most overlooked aspect of planning is experiencing an...
Jul 15, 2021 | Long Term Care Insurance, Caregiving, Retirement Planning
According to research by LIMRA (previously the Life Insurance Research and Marketing Association), over 43 million Americans are currently acting as unpaid caregivers for a family member. Although we’re living longer, many older Americans often need caregiving help –...
Jun 24, 2021 | Long Term Care Insurance, Medicare
When it comes to long term care, misunderstandings are common. Especially when it comes to payment sources. For example, many people still think that Medicare will pay for long term care. It usually won’t. Here’s the truth. Medicare will only pay for long term care...
May 19, 2021 | Long Term Care Insurance, Long Term Care Costs
Imagine if your grown children someday might be held responsible for your long term care expenses. If you’ve thought about how to fund these expenses in the future, but you never made a plan to adequately address a huge bill toward the end of your life, it’s a...
May 6, 2021 | Long Term Care Insurance, Retirement Planning
It’s said that the biggest predictor of whether or not someone obtains long term care coverage is if they have had a personal experience. They’ve seen a need for extended care….one that lasted weeks, months, or even years, most commonly with their own parents....
