Life comes in Phases...It is Never Too Early for Long-Term Care Planning

We can look at our lives in Phases.

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  Phase 1- This is the phase where you are working and accumulating wealth with your paychecks. You are making choices about what you do with your money.
• Phase 2- With the money you earned or are earning, you either have or are building assets.
• Phase 3- The choices you made or are making throughout your life determine the enduring phase of your life- how will you live out your life, can you continue to enjoy your lifestyle, and what legacy will you be leaving.

Long-Term care planning and insurance can help protect you in each phase of your life. It will provide you with the comfort of knowing that your assets-and those of your loved ones- are protected from unforeseen events.
Planning in the early Phases of your life while you are younger, healthier and more likely to be insurable will save you substantially on your premium payments. Why? When it comes to buying long-term care insurance, good health is a real advantage.

I look forward to helping you with your Long-Term Care Planning. Call me at 949-854-3001 or email me at dane@LongTermCareInsurancePros.com

Long-Term Care Insurance and The Procrastination Game

Why is procrastination so closely associated with long-term care planning and insurance?

Nobody ever wants to imagine themselves in a situation where they are going to need help with the activities of daily living.

The activities of daily living are really the activities we do every day and take for granted. They are simple tasks like eating, dressing and getting in and out of a chair. No one wants to picture themselves in that situation. So, what does one do….Procrastinate.

There is way of reducing the anxiety that is produced when approaching the subject of Long-Term Care planning and insurance. It is important to consult and get the information from a Long-Term care specialist with designations in long term care financing and planning (LTCP and CLTC).

The information will be presented to you in a manner that you will be able to understand and ask questions as it pertains to you and your family. Long-term care insurance is not a “one size fits all” product. It is important for you and the long-term care specialist to communicate what is important to you when designing a plan. The long-term care specialist will also be honest and forthright and telling you if this type of coverage makes sense for your individual financial situation.

Procrastination can be the most costly enemy when it comes to purchasing long-term care insurance. As you age, the premiums go up and as you age your health begins to decline. So, the bottom line procrastination can increase your premiums or you may not qualify for the coverage due to your health.

For more information and a free, no obligation quote comparing all the top carriers call 877-GO-4-LTCi. or visit LongTermCareInsurancePros

Long-Term Care Insurance-Should I Self-Insure?

A common question I get in the long term care insurance world is: "Should I just self insure?"

The answer is simple, just look at the wealthiest people in the world and you will find they are insured to the max most of the time. The reason being it's better to spend pennies to protect dollars.

According to the U.S. Department of Health and Human Services, at least 70% of people over age 65 will need some long-term care services at some point in their lives. This underscores how financially vulnerable people will be without a carefully considered Long-Term care plan.

Long term care insurance is a smart idea simply because people are living longer these days and the potential risk is $100K/yr in many areas of the country.

Preparing for the potential need for LTC clearly makes sense, especially if it can help protect existing assets at the same time. Even if a particular individual could afford to self-fund a private room in a nursing home at $74,825 per year, the question remains–does that really make the most sense? Or is it more sensible to leverage those assets so the individual can enjoy them by passing them on to beneficiaries or to a favorite charity?

We work with all the top carriers so visit us today for your free long term care insurance quotes. http://www.longtermcareinsurancepros.com/

A Gift for Mother & Father-Long-Term Care Insurance

A great gift for Mother (and Father) is Long-Term Care insurance. However, you may want to wait and give it to them during the year, but not directly on Mother's or Father's Day.

On Mother's Day and Father's Day , give your parents what they want.

• A family get-together
• A nice dinner out or a family Bar B Q
• Quality time spent with children and grandchildren
• Hugs and Kisses

Then, during the year it is time to broach the subject of long-term care financing and planning. You should do this because you love your parents and want them to be able to have the best care available to them when they will need it. It isn't selfish to suggest that the subject of long-term care be brought up. It is best to discuss this early before a long-term care event occurs and puts the family in crisis mode.

Siblings should come together with a good long-term care plan for their parents. As a loving gift to your parents, you may want to pay for the premiums for long-term care insurance or pay a portion of the premiums.

Long-term care insurance is a gift of love. It is really a gift that shows you care.

• It eases the burden from your parents.
• Having long-term care insurance means that your parents will have the choice of home health care, assisted living or privately funded nursing homes.
• They will have choices.
• It will provide the family with "peace of mind."

Free, No Obligation Family Consultation is the best way to start your Long-Term Care Plan

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