November is Long Term Care Awareness Month (#LTCAM) and though no one WANTS to think about needing Long Term Care, the fact is more than 70% of American’s will need home health care or LTC services at some point in their lives.
With Thanksgiving on the horizon, November is a good opportunity to begin these important discussions with family and friends – and we can help.
Long Term Care planning strategies are evolving as new tools and insurance products are being rolled out to meet the needs in a changing landscape.
Long Term Care Insurance (LTCi) is not what it used to be. The new asset-based products have become an essential tool for holistic financial planning (click here to read a recent WSJ article).
Remember, having a checkbook is not a plan. LTCi is “the plan” to protect loved ones, the insurance is only the wrapper.
If you are considering LTCi, November is a perfect opportunity to show gratitude to those you love by sharing your plans.
LTCi provides a stream of income to fund “the plan” and offers this peace of mind by:
++Paying others to provide care – allows loved ones to supervise the care versus become the care-taker themselves
++Removing the burden on the loved ones to coordinate the care. Concierge Care Services* provided by the insurance company includes research, planning, coordination, and implementation – protecting the emotional and physical well-being of those you love.
CLICK HERE to learn more about Concierge Care Services*
++Maximizing reallocated assets to cover LTC expenses (leaving inheritances intact)
CLICK HERE to see the power of leverage in new asset-based LTCi products
++Tax-free death proceeds if you pass away
++100% return of premium if you change your mind
*Concierge Care Services provided by select carriers.
Take this quiz to learn 10 more things you should know about LTC.