Sitting on a Goldmine: LTCi
Written by admin on September 3rd, 2010I was honored to be chosen to speak about long-term care insurance at a conference of my peers.
Showing How Long-Term Care Can “Eat” Homes
Written by admin on September 1st, 2010Read how to calculate the speed at which your home value can vanish if you need long-term care and don’t own LTC insurance.
The Government Can’t Pay for Care
Written by admin on August 26th, 2010New report predicts Medicare’s trust fund will pay longer, but report is not based on what is likely to happen.
Myths Take a Long Time to Die
Written by admin on August 16th, 2010Jean Chatsky’s erroneous advice on LTCi unfortunately again surfaces. Here’s the bad advice and my response to it.
Manifestation of Denial
Written by admin on August 13th, 2010Age 73 with health problems is not the right time to acquire long-term care insurance (LTCi). Today I got a call from such a person’s son, eagerly wanting to buy LTCi for his mom from me.
I get more calls of this nature then you can possibly imagine !
These folks often appear to be incredulous upon hearing they’re not eligible for LTCi. I am “the heavy”, having to deliver this news.
I always suggest that now is the optimal time for the healthy, younger caller, to find very reasonable rates for LTCi. We talk about how the parent’s circumstances are the ideal illustration of what havoc can be wreaked without LTCi. Few take me up on my offer to teach them the basics of LTCi with no obligation. Evidently, the family is in a predictable state of panic, damage control and duress caused by the loved one’s need for care and lack of finances to pay for it. All they appear to be consumed with when we talk is trying to douse the fire caused by lack of owning LTCi.
What is it that causes people to avoid talking about and planning for the future responsibly, while they are able to insure their dignity, options, choices, and wealth with very reasonably priced LTC insurance? I think I will never fully understand this part of the human nature.
CLASS LTC: the Type of Ponzi Scheme Madoff Would be Proud of
Written by admin on August 4th, 2010Will the newly passed CLASS LTC program be worth waiting for, or is it a dangerous Ponzi scheme?
Home Health Care Benefits At Risk for Many
Written by admin on August 2nd, 2010Many states face severe budget deficits, forcing them to cut or reduce Medicaid-paid care.
“This Debt is Like a Cancer”
Written by admin on July 27th, 2010With public programs “at risk” due to national debt “growing like a cancer” why would anyone want to risk self-insuring for LTC?
I’ll Use Social Security to Pay for LTC
Written by admin on July 23rd, 2010There’s a liklihood raising the age for Social Security benefits will occur. Think twice about self-insuring for LTC. Your kids may need you to pass your wealth to them more than ever.
Get With the Program, Dave
Written by admin on July 21st, 2010Dave Ramsey is an example of someone influential who insists on giving bad, potentially harmful advice about things he obviously knows little about.
