by Tonya | Oct 13, 2022 | Long Term Care Costs, Long Term Care Insurance, Retirement Planning
Many people think they’ll self-fund for long term care. But here are factors they typically fail to consider: Their spouse. Self-funding long term care expenses for one spouse has the potential to deplete assets for the other spouse. If a husband or wife passes...
by Tonya | Nov 1, 2021 | Long Term Care Insurance, Retirement Planning
Congrats. You purchased a long term care insurance policy years ago…..but when was the last time you revisited it? A periodic check-up of your LTC insurance policy is always a good idea, whether it’s a traditional policy or a hybrid plan with a death benefit included....
by Tonya | 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...
by Tonya | 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...
by Tonya | 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 –...
by Tonya | 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....
