Why You May Not Be Able to Buy Long Term Care Insurance
Insurers Are Increasingly Saying “No Thanks” To Buyers
What Long Term Care Insurance Used To Be Like
It was spring of 1999 and I was a rookie Long Term Care Insurance agent for one of the major companies. I worked for an aggressive agency in Atlanta that really pushed hard to get marginal cases approved. That spring, I was hungry for a sale as I’d spent the first six months working for free, called the “pre-agent” process. This was a time where you were[…]
Setting up a Trust Fund for your Children
Creating Trust funds can be overwhelming and there are quite a few things to take into consideration. When it comes to leaving large sums of money or assets to your children there are some general tips and advice to follow before setting up a plan.
Here are 7 Tips for Setting up a Trust Fund for your Children by Christine Fletcher:
- Assets of minor should be held in Trust-While children are under he age of 18 you do not want them inheriting money without a guardian. It’s important to find someone that[…]
Dogs help with Dementia
People who suffer with Dementia or Alzheimer’s have a harder time with everyday activities. It can be dangerous over time and without supervision it can put someone in a harmful situation. Usually people have to go to a Memory Care or Assisted Living Facility that has caregivers who watch over them. Having a service dog can offer assistance for someone who is living at home or even living in an assisted living facility. 
Research over the years has showed us that pets are good not only for everyone but even more so for[…]
Why Retirement Plans Don’t Save You From Long Term Care
Many people believe that having a retirement plan in place will keep you financially afloat post-retirement. However, even with a substantial amount of money in a retirement account it is always better to have a long term care policy in place.
Having a long term care policy will not only protect you and your finances but also grant you and your family relief from the uncertainty of your future medical care.
You have a 70% of needing some type of long term care service at some point in your life, according to the United[…]
Morningstar: Hybrid Policies Can Have Significant Drawbacks
The high cost of Long Term Care is an expense that nearly 1 in 2 people will encounter sometime during their lifetime. Given the high odds and family experiences of many baby boomers, there is tremendous interest in Long Term Care Insurance. In the past several years, insurance companies have rushed out products called “hybrids” that mix long term care benefit payments with life insurance or annuity options. The result is a guaranteed premium, often made upfront, and usually return of premium if the policy is unused. The initial appeal of this approach is obvious.
This week, morning star digs in[…]
Will Your Health Hold You Back from Long Term Care Insurance?
Planning for our future health isn’t exactly exciting; few people want to think about themselves as old and frail, but it is the reality that we must face. The older we get, the greater the chances that we will need help with daily activities like dressing, eating, and bathing. The risk of frailty, illness, and disease all increase as we age and planning for the cost of these potential situations is a critical part of planning for retirement.
Health Qualification
Long Term Care Insurance can help you cover the cost of care and protect your assets from the bill. To improve your[…]
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.