This consumer-friendly version of the Pfau and Finke whitepaper, Managing Long-Term Care Spending Risks in Retirement , demonstrates the impact of LTC events on retirement income and shows how asset-based LTC protection offers consumers more value.
Needing long-term care (extended healthcare) places an enormous emotional and physical strain on loved ones. This is only one reason that planning is important. Incorporating this type of insurance into your financial plan can preserve and protect your assets. Why not...
70% of people aged 65 and over will need long term care and 40% of people aged 18-64 will require some form of extended care services, according to the US Department of Health and Human Services. Based on these high numbers, planning is critically important. If you pla...
Life insurance is legally recognized as personal property and the owner of the policy has rights to sell or trade just like any property owner. For instance, a life insurance policy can be sold for money in the form of a life settlement. It can also be used to convert...
How does the need for Long Term Care Insurance differ between single and married women?
A married woman has the chance that her husband could provide care for her if she suffers a sudden health crisis. A married woman might also be more likely to have adult children th...
Can a tax deduction help you afford long-term care insurance? If you're self-employed and buying it through your business, absolutely. "It's kind of a hidden secret," says Michele Glisson, an insurance broker in Bradenton, Fl. "Accountants will say you ought to contrib...
A new plan we can offer allows a senior to convert the death benefit of their life insurance policy into a Long Term Care Benefit Plan, which is paid monthly to the care provider of their choice. The money can be used to pay for the cost of skilled nursing, assisted li...
The scariest part of retirement is the need for long-term, non-skilled health care — a cost that can easily wipe out all your retirement savings in just a few short years.
Just check out the prices for nursing homes and home health aides at Caregiverlist.com, and you'...
