Long Term Care Planning

A generation ago, people were not concerned about the need for long term care insurance. Today, people are living longer and the high cost of long term care could destroy a retirement nest egg. These policies are risk-management tools that allow people to maintain their independence and lifestyle. What do individuals want when comparing long term care policies?

• An independent agent who will shop for competitive prices with long term care quotes
• An agent that will design a flexible policy to cover the risk without over-insuring
• An agent that will explain confusing terms
• A strong company standing behind its policy
• A company with a history of not raising long term care insurance cost for in-force policies

For a no-cost consultation about how to protect against the high cost of long term care, click here or
call Bruce R. Olmstead, CFP® at 678-364-9330.

Nice to know:

• Why Long Term Care Insurance?
• Modern long term care policies can be used for nursing home care, assisted living facilities, or home health care.
• If you require significant assistance with any two of six Activities of Daily Living or have cognitive impairment, it would normally trigger a benefit claim.
• Daily benefit - the maximum benefit payment per day
• Policy limit - the maximum benefit payment over the life of the policy
• Length of benefit - the benefit period usually stated in years or lifetime
• Waiting period - the number of days before benefit payments start

Related Information:

• Wealth Management
• Financial Planning
• Retirement Planning
• Estate Planning