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Author Archives: Terry Stanfield
How Long Term Care Insurance Help In Our Old Age
Most of us never want to imagine growing old, being sick or needing long term care. But for 70 percent of people, this is something that they have to face. And the sad thing is that many of them are not insured with long term care insurance. Continue reading
What Is The Value Of Long Term Care Insurance
Long term care is a reality of growing old. As we get older, the possibility of needing someone to help us take care of ourselves is going to increase. Things could turn out for the best and you may not need long-term care, or they could turn out for the worst and you could need ongoing, long-term care. There is no way to predict what will happen in the future, but there is a way to plan for it. Continue reading
Why Long Term Care Insurance?
Nothing in our lives is static, least of all our own ability to care for ourselves. Eventually, as we age, the need to have a long-term care solution becomes increasingly important. However, long-term care insurance does not have to only apply to the elderly. Christopher Reeve, who was paralyzed at the age of 42, required nine years of long-term care. As a result, the need for long-term care insurance is incredibly important and individuals need to start looking to purchase long-term care insurance immediately. Continue reading
Long-Term Care Insurance Premiums: What Can I Deduct?
When tax season comes, all anyone seems to talk about is deductions. Not surprisingly, one of the most common questions about long-term care insurance premiums is “Can I deduct them?” Continue reading
Long-Term Insurance Coverage: What to Look For?
If you have decided to get long-term insurance coverage, then you have taken the first steps to a financially stable and safe future in case of long-term care needs. However, if you have not, then you are going to need to get the insurance that will help make your life, and the lives of your family, much easier. Continue reading
What To Look For In An Elderly Care Facility
Each of us is aging in today’s society, many countries are approaching a point where people over the age of sixty will outnumber the younger generations. This is because better medical care is helping people live longer, more productive lives. Getting the right kind of aging care is important if you want to keep enjoying a good quality lifestyle. Continue reading
What Does Long-Term Care Cost And Who Pays?
In the many different discussions about the importance of long-term care insurance costs, there is often very little discussion about how much it will cost an individual. For many, the long-term care insurance cost is immaterial when compared to the benefits it can bring to an individual who is in need of long-term care. Continue reading
What To Look For In A Long Term Care Insurance Company?
What do I look for in a good company? You know that you should buy long term care insurance, but where should you look and which company should you consider? A lot of advisers either sell one company’s policy, or they only sell a few policies a year, or truthfully, they really don’t know. So what do you look for in a good company? Continue reading
Do I Continue Paying LCTi Premiums While Receiving Benefits?
This is a common question for those who have been paying their LCTi Premiums, but are about to collect on them. Heaven forbid that you may need to start collecting benefits abruptly because of an accident, illness or surgery, but in the event this happens, you will want to collect on your benefits while you are still in the process of paying your premiums. It is an excellent question and a very important one because it will dictate when you begin receiving the benefits of long-term care from your LCTi premiums. Continue reading
Who Will Pay Your Long Term Care Bills?
I always like to ask my clients, “Will your financial planner be willing to pay your long term care bills, will they have access to good quality Home Health Care Providers?” Many lawyers and advisors are now reluctant to recommend against Long Term Care Insurance for fear of law suits later on, from children, when hundreds of thousands of dollars were required to pay for their parents long term care bills. Planners who fail to recommend coverage are more times than not, unaware of the real RISK of needing care one day. Continue reading