Hybrid LTCI
Should I Buy Hybrid Long Term Care Insurance?
Hybrid Long Term Care Insurance policies combine traditional Long Term Care Insurance with guaranteed Whole Life insurance. If you need long term care the policy works just like the traditional LTC plans and it will pay for home healthcare, assisted living, adult day care and nursing home care. However, if care is never needed, then the Hybrid Long Term Care Insurance policy will return principle plus interest back to the family at death in the form of tax free life insurance benefit. […]
Your Option For Long-Term Care Insurance
Talking about insurance
When it comes to long-term care, many feel they may need it but are also skeptical about their options and the whole process itself. Many end up stuck between wanting to ensure themselves and their family is protected should that time come and simply hoping that time never comes. Some have briefly looked into some long-term care benefits and see a slight need but also aren’t sure all the stipulations best suit them. Essentially, they are worried they will invest all this money into a plan that could save their[…]
Long-Term Care Insurance Now or Later
LTC Insurance
Long term care insurance is insurance deigned to help shoulder the steep costs associated with long-term care such as paying for assisted living, nursing home care, or home health care. This insurance is built with those who will one day require assistance due to disability, age, or a chronic condition, in mind. If you consider the fact that 70% of those 65 and over will require some form of long-term care, then you understand the need for long-term care insurance.
Long term care offers assistance with many daily living activities and is[…]
Long-Term Care Insurance & Waiting
Those who wait may become uninsurable
When it comes to long term care insurance, those who wait until care is absolutely necessary to opt for coverage will usually fall into the uninsurable category. This end result typically results in, a declining individual in need of serious care who is now faced with steep costs and little means to cover it. The reason for this is that most insurers will require a medical underwriting exam before extending coverage meaning the state of your health will directly impact your eligibility as well as your overall[…]
Is Long-Term Care Insurance For Me?
An Aging Demographic
As many baby boomers age to near and past 65, their future care and long term care needs has become an increasingly hot topic. The main topic of this discussion seems to be the cost of this care and how to fund it. Luckily to help cover the possibility of very large future expenses, insurance was created. Long-term care does not fall short of one the costly services that insurance can help mitigate and perhaps that is why long-term care insurance has been introduced.
When compared against other insurances, LTC insurance[…]
Why You Need Long Term Care Insurance
Plan to Protect
Although not many individuals are eager to consider their possible inability to one day care for themselves, planning for such will be a must for those who wish to protect their nest egg. Take for example a couple with an accumulated nest egg of $350,000. Consider what would happen to that nest egg amount over time should either partner become ill or start to require some sort of daily assistance. Propose that either individual could develop Alzheimers disease, at first the disease could potentially progress[…]