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

More Articles and Resources on Long-term care planning

Long-Term Care Affordability and Security Act of 2009

The American Council of Life Insurers (ACLI) applauds the Senators (bi-partisan, I may say) for introducing legislation that will help Americans prepare for their long-term care needs.

The "Long-Term Care Affordability and Security Act" (S.702) would permit long-term care insurance to be included in employer-sponsored cafeteria plans and flexible spending accounts (FSA), enabling people to pay long-term care insurance premiums using pre-tax dollars. Current law excludes long-term care insurance from being included in cafeteria and FSA plans.

Many retirees would have to deplete their hard-earned savings to pay for these services. Long-term care insurance can help cover the costs of long-term care services and protect Americans’ savings.” says CEO Frank Keating of The American Council of Life Insurers (ACLI). He is urging Congress to pass this important legislation.

The government sees a problem of where the money will come from to pay for the 77 million baby-boomers. Long-term care planning needs to be addressed at a time that one is healthy enough to qualify for coverage.

If you are in your 50's, 60's or older, this legislation may be too late to help you, but your children and grandchildren may benefit.

It is important to remember that:

• Your Good Health may qualify you for a good health discount
• The Younger you are the lower the premium
• Long-Term Care insurance must be comfortably affordable

Long-Term Care Articles and Resources

What is Long-Term Care?

So often, I have clients who do not completely understand what Long-Term care is. Many think that it is having been hospitalized. In some cases, long-term care can occur after a hospital stay if the patient health is not improving.

When you think of a hospital stay, you may have an operation or an ailment such as pneumonia. These conditions may vary well improve and you can go on taking care of yourself. Long-Term care comes in when you have a situation where you need help with the activities of daily living.

These activities are eating, bathing, dressing, transferring, incontinence and walking. Long-Term care is needed when you have a chronic illness or disability that causes you to need assistance with Activities of Daily Living. Your illness or disability could include a problem with memory loss, confusion, or disorientation. (This is called Cognitive Impairment and can result from conditions such as Alzheimer's disease.)

In 2008, about nine million Americans over the age of 65 will need long-term care services. By 2020, that number will increase to twelve million. Most people who need long-term care are age 65 or older, a person can need long-term care services at any age. Forty (40) percent of people currently receiving long-term care are adults 18 to 64 years old.

No one knows when they will require assistance, but the chances of needing care increase as we age. Medical science, new prescription drugs help us live longer today.

You are younger and healthier today than you will ever be. This is the right time to look more closely at a good long-term care plan. Speak with a Long-Term Care insurance specialist today!

Long-Term Care Insurance Carriers Change with the Times

I just returned from an independent Long-Term Care producers conference held in Barcelona, Spain. A number of the top carriers were in attendance. Of course, the different companies all want you to sell their product.

In listening to the companies spokesman, the same point seems to be made across the board. The companies are coming up with new plans that fit today's consumers in regards to lifestyle and health qualifications. In some cases, the carriers have actually loosened up their underwriting guidelines to make long-term care insurance available to more people.

Among the fastest growing products are the Life + Long-Term Care combination Products.

There is more talk about long-term care planning than ever before because there is a greater need for long-term care. We are all living longer thanks to the advances of medical science. Baby boomers will start turning 65 in 2011. Between 2000 and 2040 the number of older adults with disabilities will more than double.

An independent Long-Term Care Specialist is able to help you determine what the best long-term plan is best for you and your family. He has access to many different carriers and the products they have whether it be long-term care insurance or a hybrid product with a long-term care rider.

For more online articles and resources, visit LongTermCareInsurancePros