October 2017 LTC Newsletter

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LTC in the News

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

Top News

Genworth’s 2017 Cost of Care Survey

AThe Genworth Cost of Care Survey has been the foundation for long term care planning since 2004. Knowing the costs of different types of care – whether the care is provided at home or in a facility – can help you plan for these expenses. The 2017 survey, conducted by Carescout®, one of the most comprehensive of its kind, covering 440 regions across the U.S. and based on data collected from more than 15,000 completed surveys. Cost of Care Website | Cost of Care at a Glance by State

Carving Out A Long-Term Care Insurance Plan

The second in a three-part series on LTCI planning solutions. This article focuses on Executive Carve Outs. Part One, visualizing a Long-Term Care Insurance Plan appeared in our September 2017 LTC Newsletter.

The children who step forward to plan for the care of the parents are oftentimes successful business people. They have often funded their own qualified investment vehicles such as 401(k) plans to the maximum levels. LTCI is the perfect complement to protect these retirement assets. The risk conversation about outliving wealth has become more relevant in recent years as we have seen a generational change in retirement plans from defined benefit to defined contribution, which shifts longevity risk from corporations to individuals. Read more

The Future Value of Cash Indemnity Long-Term Care Benefits

Long-term care (LTC) planning continues to move to the forefront for mainstream financial advisors. Along with their interest come questions that need clarification. LTC insurance solutions have expanded greatly from the traditional LTC policies to include hybrid solutions such as linked benefit LTC policies and LTC riders on life insurance and annuities. These diverse solutions allow a client to choose LTC coverage that fits their budget and funding source as well as address a financial strategy or life insurance need. Read more

Women’s Longer Life Expectancy Comes at a Higher Health Cost

Living longer is expensive. A 55-year-old woman will have an average of two extra years of life compared with a man of the same age. This means that a 55-year-old woman who retires at age 65 will face an additional $79,000 in future health care costs compared with a man of the same age. And that’s before factoring in long-term care expenses or living beyond a healthy woman’s average actuarial life expectancy of 89. Read more

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Highland Capital Brokerage is committed to developing client-focused relationships with financial advisors using our core competencies of life insurance, annuities, and long-term care. We distinguish ourselves by providing point-of-sale support, advanced marketing, and creative estate and business planning techniques.
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