LTC inflation

WHICH INFLATION PROTECTION SHOULD BE ADDED TO THE POLICY SO THE PLAN KEEPS UP WITH THE RISING COSTS OF LONG-TERM CARE SERVICES?

A number of options are available to help your long-term care plan keep up with the rising cost of care. Future Purchase Offer– This product is designed to protect the insured for 15 to 20 years, and inflation protection isn’t built into this plan.  Every three years, however, the insured is given the opportunity to[…]

LTC paying for2

WHAT PARAMETERS SHOULD I USE TO DETERMINE IF I SHOULD BUY LONG-TERM CARE INSURANCE OR PAY FOR SERVICES WITH MY ACCUMULATED ASSETS?

When I began this project in the spring of 2008, who could have imagined that the economy would see such a drastic decline? Many people who were comfortable paying long-term healthcare costs out of pocket have seen their portfolios shrink by 40% or more.  Most believe the country will hit the elusive bottom and then[…]

LTC decision

HOW TO EVALUATE THE COMPANY THAT IS SELLING LONG-TERM CARE INSURANCE?

A company’s ratings are important in the selection of any insurance product.   For long term care additional criterion should be evaluated because this is such a new product.    You want to know if the company you are considering for your long term care insurance has demonstrated a commitment to the long term care market.  Some[…]

family

WHAT MAKES LONG-TERM CARE A FAMILY ISSUE?

Long term health care has become a critical family issue because we are living longer due to revolutionary advances in medicine and public health.  Cardiovascular disease is no longer the killer it once was and cancer deaths are continuing to decline.  Medical breakthroughs are impacting diseases such as diabetes and research related to Alzheimer’s disease[…]