Consumer Planning Blog

5 great reasons to check long-term care insurance off your to-do list

Don't let 'later' become 'never.' Today is the day!  5 great reasons to check long term care insurance off your to-do list. 
Read More

ADL dependent Goldfish receives cost effective LTC!

Photo used with permission Twitter @taylorndean  Youtube: taylordeandaily 
Read More

Planning ahead for the future you want

When you sit down and imagine your future, what do you see? Are you enjoying your retirement in a warm weather location or perhaps in your current home close to family and friends? Are you participating in the activities you’ve always enjoyed?
Read More

How a long-term care insurance policy works—in layman’s terms

When you prepare for any upcoming investment or purchase, you probably run into some unfamiliar language or terminology in your research which can be frustrating and downright confusing. Searching for a long-term care insurance policy is no different. A LTC insurance policy describes coverage under the policy, exclusions and limitations—and can be laden with industry jargon. Here’s a breakdown of the fundamentals—in terms we hope are easy to understand.
Read More

The Good Daughter; a caregiver's Long Term Care story.

Nearly 20 years ago, when my children were toddlers, my mother came to live with us.  She was retired and in good health, but it was no longer feasible for her to live alone in her neighborhood.  I thought, “How bad could it be?  She’s a gourmet cook, a talented pianist.  It will be good for the kids.  Maybe it will be good for all of us.”  And so she moved.  We gave her our master bedroom and turned the third floor office of our Victorian house into our room.  Two weeks later, she had a massive stroke and lost much of the movement on her right side.  And now I had another role:  wife, mother, professional and caregiver.
Read More

Protecting your assets with long-term care insurance

Being faced with an unexpected health crisis that requires long-term care can take your financial situation by surprise. Hear the stories of several individuals and couples on their decision to purchase long-term care insurance—to not only provide them with peace of mind about potential health needs, but also to protect their current assets for the future of their family.
Read More

What’s mine is yours – expanding long-term care coverage with shared benefits

Are you familiar with the saying “What's mine is yours, and what is yours is mine”? This saying is actually a line from Shakespeare’s play “Measure for Measure,” and is often related to the mutual sharing of assets between a married couple – sharing a home, experiences and more. This phrase can also be applied to your long-term care insurance policy.
Read More

Inflation protection – what is it and do I need it?

As you dive into the world of long-term care insurance and research the best available options for yourself or a loved one, don’t be surprised if you find yourself becoming well versed in the activities of daily living (or “ADLs”), daily benefit amounts and maximum lifetime benefits, among others. It’s important to do your homework – great job! In the midst of all of your research and LTC planning, one other term you will likely encounter is inflation protection. With everything else you are researching, don’t let this one get lost in the shuffle. It may be one of the most important.
Read More

What’s the right age to buy long-term care insurance?

Waiting to think about your plans for long-term care until you or a loved one needs it can often result in additional, unnecessary stress – in an already stressful time - over unexpected costs and coordination of logistics among other concerns. Instead of focusing on the individual, our attention is diverted to research and paperwork.
Read More

Determining the cost of long-term care insurance

In our last blog post, we examined the cost of long-term care (LTC). We discussed how health insurance doesn’t provide LTC coverage and that Medicare’s benefits may not fully cover all long-term care related costs. This is where long-term care insurance becomes a valuable decision.
Read More