Archive | July 2014

How Can LTC Insurance Help You Protect Your Assets?

ltc

Long-term care insurance, not only secure financing your future long-term care expenses, but also protects your assets so you will have something to pass on to your heirs and loved ones. Expensive as it may be, it is still easier to pay an affordable monthly premiums than to incur large out of pocket expense to pay for the cost of such services.  In the end, we will get to realize that the capital needed to pay for long-term care insurance is typically smaller than the amount of money needed to pay for the cost of long-term care.

Davis Financial Service

Ness Insurance and Annuity, LLC - Annuities, Life Insurance, Health Insurance, Medicare Supplements and Long-Term Care - Western Washington

Plan to create a pool of healthcare dollars that will grow in any market.

Provided by Jeffrey Davis

    

How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available.

Many baby boomers are opting to make long term care coverage an important part of their retirement strategies. The reasons to get an LTC policy after age 50 are very compelling.

Your premium payments buy you access to a large pool of money which can be used to pay for long term care costs. By paying for LTC out of that pool of money, you can help to preserve your retirement savings and income.

The cost of assisted living or nursing home care alone could motivate you to pay for an LTC policy. Genworth Financial conducts a respected annual Cost of Care Survey…

View original post 898 more words

How Can LTC Insurance Help You Protect Your Assets?

Long-term care insurance, not only secure financing your future long-term care expenses, but also protects your assets so you will have something to pass on to your heirs

Davis Financial Service

Ness Insurance and Annuity, LLC - Annuities, Life Insurance, Health Insurance, Medicare Supplements and Long-Term Care - Western Washington

Plan to create a pool of healthcare dollars that will grow in any market.

Provided by Jeffrey Davis

    

How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available.

Many baby boomers are opting to make long term care coverage an important part of their retirement strategies. The reasons to get an LTC policy after age 50 are very compelling.

Your premium payments buy you access to a large pool of money which can be used to pay for long term care costs. By paying for LTC out of that pool of money, you can help to preserve your retirement savings and income.

The cost of assisted living or nursing home care alone could motivate you to pay for an LTC policy. Genworth Financial conducts a respected annual Cost of Care Survey…

View original post 898 more words

Advantages of Buying Long Term Care Insurance

If someday you happen to need assistance and care support, and you don’t have enough money to afford long term care anymore, what are the possible options that you can do? Ask help from your family? Rely on your friends? What if they don’t have the capacity to help you anymore? Buying long term care insurance is a sure way to avoid these kinds of problems.

 

Getting your own long term care insurance, or even for a family member, will help you tons in saving up and in making sure that you get the help you need on time and when you need it the most. Long term care insurance makes it easier for you to find the care that you need and that you will have access to care faster, especially when you really need it.

 

Most people who get long term care insurance want to have the quick access the moment they need the help and long term care. People get long term care insurance early in the hopes of using the service that would help them and having the insurance cover up the costs that it will bring to them, relieving them the duty of finding the high amount of money needed in paying for long term care at the time when they need it already.

 

A large number of people underestimate the expenses that they will use for long term care when they grow older or when the time comes that they need it. They think that they can rely solely on the health insurance that they have secured for a long time, since it covers most of the expenses brought by health-related situations. What they do not know is that the health insurance that they have doesn’t necessarily cover every service that they need and every cost that they have to pay such as the long term care.

 

Moreover, if the health insurance covers even some of the expenditure that they will have regarding the long term care, they would probably be brought to places they do not actually prefer or they would be given alternative services that they don’t necessarily need, which sometimes makes their expenses go even higher. You will not be able to choose which services you want or where to receive the long term care or even the quality of the care you get.

 

It is more beneficial to invest in long term care insurance since you will most probably need it in the future. In relation to this, the insurance company will cover the expenses you will acquire in the long term care so you could shoulder the costs of the additional payments or services and other charges, if there is any. You could also think about the other expenses that you will have to keep in mind since long term care is not the only thing that you will be paying for in the future. You could mind your other needs and priorities as well. Buying long term care insurance will help you avoid the troubles you could come across when you need and use the long term care in the future.

 

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