Long-Term Care

Category Archives

Managing Long-Term Care Spending Risks in Retirement

All retirees must plan today for the possibility that they will experience significant long-term care health expenditures. Large unplanned expenses, such as those relating to long-term care, have the potential to wreak havoc on a retirement income plan.


Leveraging Non-qualified “Rainy Day” Monies Into Long Term Care Protection with an LTCA

When long-term care insurance (LTCI) was first introduced more than 40 years ago, the first baby boomers were in their early thirties. Back then it was a popular product because it was a reasonably priced way for young and healthy boomers to protect their assets against likely need for long-term care.


February 2018 LTC Newsletter

LTC-Newsletter-Header-Blog

LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.


January 2018 LTC Newsletter

LTC-Newsletter-Header-Blog

LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.


December 2017 LTC Newsletter

LTC-Newsletter-Header-Blog

LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.


Five Reasons Not to HATE Traditional LTC Insurance

Although the linked Life/LTC plan may be an excellent recommendation for some clients trying to meet a life insurance need, or don’t want to be put in a position of “use it or lose it”, simply dismissing traditional LTC Insurance (LTCI) because of past rate increases is similar to not recommending stocks because there was a stock market crash in 2008. It’s a backward-looking attitude based on an emotional versus rational approach to this planning.

The fact is traditional LTCI is here to stay…and not just in the United States. Sales of “standalone” LTC Insurance in advanced economies such as France, Germany, and Canada is strong and will continue to grow.


Should You Always Recommend LTC Insurance With Automatic Inflation?

For many years, the question of whether to add automatic inflation coverage to LTC Insurance was a no-brainer. Traditional LTC policies were less expensive back then, and adding 5% compound inflation didn’t impact affordability for most clients.

Now, however, the answer is not so simple, and advisors should consider whether simply buying more coverage up front is a better strategy, especially for couples age 55+.


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