For people who are not sick in the traditional sense, but instead require assistance in basic activities of daily living, there is long-term care insurance. This section will help you make sense of long-term care insurance, and find the best policy for you or a loved one.
A 60-second read by Nicholas Scheibner: As people are living longer, paying for health care costs is becoming a top concern. Many people are beginning to consider if a Long-Term Care Insurance policy is best for ...(more)
More Americans are facing rising caregiver costs. The financial challenge of caring for an aging parent can also create caregiver stress. Don’t allow caring for an aging parent or spouse to become a crisis.
Nearly 10 ...(more)
As the population is living longer and beginning to have lengthier retirements, long term care insurance becomes an essential financial planning topic.
Long-term care insurance deals with the ongoing support and ...(more)
When working with a wealth advisor or financial planner the topic of long term care often comes up. This conversation usually centers on whether or not to purchase a specific form of insurance that protects against the ...(more)
The odds of needing Long Term Care are high.
Approximately 70% of people will need long-term care at some point during their lifetime after reaching age 65.*
Approximately 14% of people age 71 and older have ...(more)
Your best defense against a financial catastrophe brought on by long-term illness or injury may be the purchase of a disability income insurance policy with enough coverage to compensate for your lost wages. Disability ...(more)
Should you but long-term care insurance even though it has become more expensive?
Let’s begin with why long-term care insurance (LTC) has become more expensive, and then I will give reasons as to why you ...(more)
Helping people make better financial decisions is a passion for me. It means making sure all bases are covered, risks are hedged, and outcomes are assured as much as possible so clients can rest easier at night without ...(more)
Last night, I was watching this great movie about designing a long term care insurance policy.
You know which movie I’m talking about, don’t you?
That’s right, Groundhog Day. What, you don’t see it? ...(more)
Helen Stephens was recently mentioned in a Wall Street Journal story about a client facing potential financial challenges as her husband was placed in long term care. Here is the link to the story: ...(more)
Long-Term Care planning is one of the hardest things I discuss with clients. First of all, Long-Term Care Insurance (LTCI) is expensive. Second, the risk seems far off. Third, you may never use LTCI, but if you need it, ...(more)
“Health is a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity.”
When I woke up, I was in the back of an ambulance being sped to ...(more)
What do I do when I can’t take care of myself anymore?
Getting custodial care is not just about you!
At some point in our lives we may be faced with the problem of no longer being able to do the daily activities of ...(more)
The John Hancock 2011 Cost of Care survey is out, and it revealed what many of us already know—that the cost of healthcare is rapidly rising. In the Dallas-Fort Worth area, the survey shows that the average cost of a ...(more)
Orange County, Long Term Care Insurance, Tustin, CA -- September 13, 2012 -- As a CERTIFIED FINANCIAL PLANNER™, one of my services is to help people avoid silly mistakes that cause people to go back to work after they ...(more)
The Wall St Journal, in its Personal Finance section, recently asked two ostensible experts to take opposing sides in answering the question “Should You Purchase Long-Term Care Insurance?’ In my 20+ years as a ...(more)
Long-term care is expensive. Odds are high that you will need it in old age. One way to protect yourself – and your nest egg – is to buy insurance to pay for nursing home stays or home health aides. Today, 70% of ...(more)
When considering how to plan for LTC, don’t count on Medicare or Medicaid. Medicare doesn’t cover LTC expenses, and Medicaid requires you to go broke before going into a welfare nursing home. Aside from the ...(more)
Have you started to look at protecting your retirement assets by purchasing a Long Term Care Insurance Plan but you are confused with all the information that is out there? I have put together a BRIEF summary of ...(more)
Like all insurance products, long term care policies can be daunting and confusing. It’s not at all a straightforward purchase: there are many variables that make up a long term care plan. When looking at a long term ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.