NPR Long Term Care Insurance
Deciding whether to purchase a Long Term Care Insurance policy could be one of the most important choices you ever make for your retirement and your family. Weighing the cost of a policy against the extremely high cost of long-term care services such as nursing homes, assisted-living facilities and in-home care is not easy. A recent feature on NPR Long Term Care Insurance explored the landscape of long-term health care and highlights some of the critical facts and challenges in the area of long-term care. While there are no easy answers, you should begin thinking about your future, long-term care[…]
Why Buy Long Term Care Insurance?
Americans are fiercely independent, especially the “baby boomer” generation. When they begin thinking about their Long Term Care risk, the idea that the control over their destiny could possibly be compromised at some point in the future due to the need for Long Term Care becomes one of the main driving forces in taking the steps towards buying Long Term Care Insurance.
Protecting assets is another main driving force in buying Long Term Care Insurance. Indeed, most folks will have worked 30-plus years before they retire, and in the process they will have made many sacrifices to save[…]
Michael Wolff in New York Magazine: Horrors of LTC
This evening I was talking with a client in Hawaii who casually mentioned a friend of a friend who was writing a story for New York regarding Long Term Care and the horrors of keeping our loved ones alive despite their best interests. It’s a strange situation we find ourselves in.
Wolff’s mother planned ahead and has a $6k/mo LTC insurance policy, but her care is $17,000/mo. So while it helps, it’s not covering all. To be fair, if he weren’t so successful, and able to pitch in the difference, her policy would help greatly to provide for her care.
References of the upcoming[…]
LTC Tree makes the University of Georgia’s Bulldog 100 for 2013
LTC Tree is proud to announce that we made the University of Georgia’s Bulldog 100 for 2013. The Bulldog 100 is a list of the fastest growing alumni businesses with at least $100,000 or more in revenue for three straight years. In 2012 LTC Tree was number 9/100 so we’re looking to improve this year. The below is the announcement.
“On behalf of The University of Georgia Alumni Association, we are delighted to notify you that LTC Tree is a member of the 2013 Bulldog 100: Fastest Growing Bulldog Businesses. Hundreds of companies from across the United States were nominated for this[…]
Long Term Care Insurance Benefits
Most Long Term Care Insurance benefits can vary from one company to the next, but most all current plans have virtually the same core Long Term Care Insurance benefits. However, some of the fine details can differ so we will go over some of those differences below.
Home Health Care
The top ten Long Term Care Insurance plans all offer 100% of your benefits for home health care. However, many group Long Term Care plans you might buy at work do not offer 100%. Often the group Long Term Care Insurance plans will reduce your home care benefits to 50-75% whereas a[…]
Money Saving Tips When Buying Long Term Care Insurance
Shop Around With Multiple Companies
Premiums vary greatly from company to company, so be sure to get quotes from at least five different carriers. A single broker who compares multiple companies makes it more convenient to shop. At LTC Tree we represent 10+ of the major Long Term Care Insurance companies, and we regularly note differences in rates from company to company. These differences range from 15% to 65% in premiums for basically the same policies. A broker who doesn’t pick favorites can help you find the right company.
» How to choose the right Long Term Care Insurance company.
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.