Friday, February 26, 2010

How Do Long-Term Care Partnership Plans Differ From Other LTC Insurance Plans?

About 30 states have adopted Long-Term Care Insurance Partnership plans and others will undoubtedly do so. We will post a fuller explanation of the significant benefits these plans offer. But they are basically the same long-term care insurance policy ... just "New and Improved" with a very special added benefit: State-provided additional asset protection feature.

Wednesday, February 17, 2010

What Age Is To Young for Long-Term Care Planning?

A survey of Long-Term Care insurers at the end of 2007 showed that the youngest policyholders receiving payemets were age 23 and 25. Yesterday's image of long term care is something that people need when they are old ... and old is subjective. It is true that most people will need long-term care as a result of getting older. But, younger people have accidents - skiing, riding motocycles all come to mind. Surgery will fix that busted knee - but you will need lomng-term care for months of recovery and your health insurance does not cover that. Younger people get illnesses in their 40's and 50's like MS and Parkinson's that can require the need for years of care. Just something to think about .....

Friday, February 12, 2010

Do All Long-Term Care Insurance Policies Cost the Same?

Definitely not and that's one reason why it pays to speak with a knowledgeable long-term care insurance professional. For example, quotes for a "generous" plan of protection assuming equal conditions for a 55 yar old spouse. A policy from Genworth or John Hancock would cost about $1,400. The same coverage from New York Life would run $1,945 and from Northwestern Mutual $2,400. These are all great companies and rates vary for a variety of reasons. But, as you can see, it clearly pays to check around. The savings can be substantial.

Monday, February 1, 2010

What If I Pay For Long-term Care Insurance and Never Use It?

Paying for something you’re never intending to use would be wasteful. Who would do it? The truth is there’s only one instance when you make a decision to pay for something you’re hoping never to use ... insurance. If you think about it, you have car insurance but you avoid accidents. You insure your home but you’d rather never have a fire or a flood. Insurance is something we buy with the unspoken hope we’ll never really need it. But, it’s smart to have it. It’s also smart to have long-term care insurance because if you have an accident, suffer a stroke or have a debilitating illness like Alzheimer’s disease, the cost can be enormous. Who’ll pay? Will your loved ones be forced to care for you? Long-term care insurance protection is something you hope you’ll never need. But it’s smart to have it, because right now you, your family and loved ones are not protected from one of the largest risks you face. When you buy long-term care insurance, you are joining eight million Americans who already own protection. Some 400,000 individuals bought new coverage last year. Consider yourself lucky if you never need the coverage. But, consider that last year, the industry witnessed the first individual policyholder to be paid over $1 million from their long-term care insurance policy. Benefits paid to thousands totaled $3.5 Billion.

I belive in plain talk about long-yerm care planing. No-obligation answers to whatever questions you have. If you would like a no-obligation cost quote for long-term care insurance, please contact me by calling 239-280-3246 or eMail me by clicking here. I can help make this important protection more affordable than you might think. Living a long life is likely .... Planning for it is necessay .... Long-Term Care Insurance Pays.