Long-Term Care Insurance and the Current Market Turmoil

Over the past few weeks we have experienced the most turbulent markets that many of us have ever experienced. As we are uncertain about the future and planning for retirement, we have our focus on the market and every move it makes. This market has affected everyone in America.

We are not getting any younger and the costs for long-term care are skyrocketing. Again, this is something we can’t control even with eating right and exercising. Inevitably, we will age and at some time need help.

As a Long-Term Care Financing and Planning specialist, I believe it is important to say focused on the things we can control. I have not lost the objective of providing Long-Term Care insurance coverage to families who will need it to protect their assets and maintain their independence in the future.

What we can control is where to place your Long-Term Care business and your trust. As an independent specialist, I have the choice of placing business with the top carriers in the Long-Term care industry.

One of these carriers is John Hancock. A recent letter from Marianne Harrison, President of John Hancock Long-Term Care Insurance stated, “I would like you to know that John Hancock, together with its parent company, Manulife Financial, is one of the institutions least affected by the financial crisis and hence, we remain one of the most financially secure insurance companies in the world.” “Our LTC insurance business, with more than $9.2 billion in long-term care insurance claims reserves, is back by the financial strength and stability of our parent company, Manulife Financial, say Harrison.

Long-Term Care insurance is the protection your family needs to cover the expense of in-home care, assisted living or nursing home care. Today you may feel that you will never need help, but if you wait, it will not only cost a lot more, but there is a good chance you may not be able to purchase it at any cost.

If you have any questions, please feel free to contact me: Dane Petchul at LongTermCareInsurancePros or call me at 949-854-3001.