Never miss any update

Subscribe to the Consumer Plannig Blog newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

Jan 20, 2015 • Matt Dean

Long-term care insurance is not for everyone

   Source: Flickr user American Advisors Group

If you don’t have a lot of assets to protect, then you just don’t need long-term care insurance. After all, simply put, it’s a tool to protect your assets. So, what’s “a lot” of assets? Well, I think that depends on the value you place on what you have accumulated.

A single man with $100,000 may not feel the need to protect his money, whereas a couple with the same amount may think long and hard about protecting the same $100,000.

The fear of dying too soon has been replaced with the inevitable reality of outliving your money!

What if one of them needs care and spends down that nest egg?  Obviously that leaves the healthy one financially unhealthy!  So, if you are 70 or 80 years old, with no additional money saved, how do you start over?

The need for long-term care services as we age is real. Making an educated decision about long-term care planning is a must, even if you choose not to buy long-term care insurance.

If you are concerned about protecting your assets, talk to a professional who specializes in long-term care planning.

Matt Dean

Written by Matt Dean

Matt Dean, CLTC, FLMI, HIA, ACS, joined LTCI Partners in June 2011. He brought 24-years of experience at USAA where he spent 18 of those years in various roles supporting long-term care insurance and six years heading their health product lines of business that included long-term care insurance. Matt's sales, operations, and insurance expertise leads our sales initiatives at LTCI Partners. Matt lives in San Antonio and is a graduate of the University of Texas at San Antonio with a degree in Finance. He and his wife are active in the Prader-Willi Syndrome Association (USA) on account of their son, Tanner, having PWS.
  • Facebook