Long Term Care Insurance Secrets
Learn What Most Agents Don’t Know & Companies Hope You’ll Never Find Out
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Long-term Care was introduced during the 1970s as a specialized form of nursing home insurance. Since then long term care insurance has since been expanded to cover a more diverse range of services and caters to people of any age. The large majority of people requiring long-term care are still over the age of [...]
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Understanding long term health care insurance policies is not as easy as you probably think and yet it is critical that you do understand them.
Everything is becoming more expensive and nothing is more expensive than the financial risks faced at retirement. Anyone who has been watching the US financial meltdown can testify to that. [...]
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Who needs long term care insurance? According to a recent article in the New York Times baby-boomers.
Fran Hawthorne, writer and retirement planning specialist writes:
MOST of the nation’s 78 million baby boomers are watching their parents grow old. While investigating caretaking options for their parents, they should also be thinking about their own old age [...]
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It is estimated that over 40% of all Americans will spend at least some amount of time in a nursing home or other type of skilled living facility.
The average annual cost for a long term care facility in the United States is a little bit over $40,000 (with some areas of the county averaging as [...]
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My parents are nearly 68 and not in great health. They are both overweight (my mother is morbidly obese) and are under lots of stress. They had money, but lost lots in the bond market. They’ve bought and sold 7 homes in the 8 years they’ve retired and are obviously miserable and [...]
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I am 59 but diabetic. I think I run an above average chance of needing long-term care in the future. I do not want to exhaust all my savings and home to pay for nursing home care.
Inexpensive is a relative term. You should look into coverage as soon as possible. Underwriting guidelines have [...]
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Boomers Need to Protect Finances from Long-Term Care Costs
While scanning the internet today I came across another plea for Boomer’s to check out LTC insurance to protect their life savings.
With the average life expectancy reaching age 90, according to Center for Disease Control (CDC), baby boomers should expect to live another 25 to 30 years. [...]
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Caring for Our Elders...
