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Articles in Long-Term Care Insurance

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.
0 votes

10 Long-Term Care Terms You Should Know

by Nicholas Joseph Scheibner Level 14
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)
Comment   |  Jul 12, 2017 from Fair Lawn, NJ
1 vote

Coping With Caregiver Costs

by George Cabalu Level 20
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)
Comment   |  Apr 23, 2015
10 votes

Long-Term Care Insurance

by Kimberly L. Curtis, CFP®, ChFC, CLU, ... Level 20
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)
Comment   |  Nov 25, 2014 from Denver, CO
3 votes

What Does Long Term Care Really Mean?

by Brian Kuhn CFP® Level 17
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)
Comment   |  Sep 30, 2014 from Fulton, MD
4 votes

Planning for Long Term Care

by Mark A. Trewitt, CLU, ChFC, AEP, CFP® Level 16
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)
Comment   |  Nov 17, 2013 from Plano, TX
1 vote

Do You Need Disability Income Insurance?

by Erin D Eiras Level 15
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)
Comment   |  Aug 01, 2013 from Jacksonville, FL
1 vote

Buying Insurance for the Long Haul

by Randy Neumann, CFP® Level 18
       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)
Comment   |  Jul 25, 2013 from Paramus, NJ
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What's Worse Than a Bear Market?

by Robert Joseph Miller Level 14
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)
Comment   |  Jul 11, 2013 from Peoria, IL
2 votes

How to Design a Long Term Care Insurance Policy

by Joseph F. DeNoyior Level 17
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? Groundhog Day. That’s right, Groundhog Day.  What, you don’t see it?  ...(more)
Comment   |  Jun 07, 2013 from McLean, VA
1 vote

Long Term Care Limbo

by Helen Barbre Stephens CFP®, EA Level 20
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)
Comment   |  Mar 18, 2013 from Fort Worth, TX
3 votes

A Long-Term Care Insurance Primer

by Curt Sheldon, CFP®, EA, AIF® Level 20
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)
Comment   |  Mar 07, 2013 from Alexandria, VA
0 votes

What to Consider When Purchasing a Long-Term Care Policy

by Jason Hull Level 20
    “Health is a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity.”             --Unknown When I woke up, I was in the back of an ambulance being sped to ...(more)
Comment   |  Feb 06, 2013 from Fort Worth, TX
2 votes

What do I do when I can’t take care of myself anymore?

by Ray A. Hawkins CFP ®, ADPAsm Level 16
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)
Comment   |  Jan 07, 2013
2 votes

Long Term Care Considerations

by Helen Barbre Stephens CFP®, EA Level 20
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)
Comment   |  Oct 22, 2012 from Fort Worth, TX
6 votes

Is Long-Term Care Insurance a Scam?

by Melissa Levin, CFP®, CFS Level 17
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)
Comment   |  Sep 13, 2012 from Cowan Heights, CA
6 votes

Should You Purchase Long Term Care Insurance? HINT: Don't Believe What You Read in the Paper

by Robert Wander, CFP® Level 14
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)
Comment   |  May 23, 2012 from Manhattan, NY
2 votes

Long-Term Care Dilemma

by David Carl Gratke Level 16
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)
Comment   |  Apr 25, 2012 from Portland, OR
2 votes

Considering Long Term Care?

by Andrew M. Brown, CFP® Level 15
    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)
Comment   |  Mar 26, 2012 from Conyers, GA
7 votes

Top 5 items to consider when purchasing Long Term Care Insurance

by Melissa Levin, CFP®, CFS Level 17
  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)
1 Comment   |  Mar 07, 2012 from Cowan Heights, CA
1 vote

Long Term Care Insurance Components

by Neal A. Deutsch CFP® Level 19
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)
Comment   |  Jan 04, 2012 from Suffern, NY
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