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Long-Term Care Planning
Any licensed insurance agent can sell you a long-term care (LTC) policy. Buying a long-term care insurance policy without properly planning for your long-term care needs is a little like buying homeowner's insurance before you know what house you're going to purchase. Buying the right coverage in long-term care insurance is similar to buying the right coverage with other insurance policies. If you buy an inexpensive plan with a low benefit it may not provide the needed funds when you actually need them. If you buy more coverage than you actually need or may be able to use, you'll be paying more in premiums that you may never get back and that you could have invested elsewhere. |
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Do you need LTC Insurance?
There are two kinds of people that do not need to purchase long-term care (LTC) insurance. People with too few assets and people with far too many assets. The people in-between those two groups of people are usually best suited for long-term care coverage. LTC insurance is not only about paying benefits for you when you need home health care, assisted living facilities or a nursing home. LTC insurance provides you with the flexibility to be able to make your own choices as to which treatments or care is right for your situation. You could say that a by-product of long-term care insurance is the confidence in knowing you will have choices when that day comes. People without the coverage and without the assets will not have any decisions to make. The decisions will be made by others and by the Medicaid system. |
Financial Advisor Services
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Where do you start?
We're here to help you begin the long-term care planning process. An initial consultation (in-person or over the phone) will determine if there is a need to formulate a long-term care plan. Once the need is established, the coverage options required or desired are selected in order to determine an approximate annual premium budget. This allows us to start the long-term care planning process with a sample long-term care policy proposal and then make any recommended or needed adjustments to arrive at the final proposal. The long-term care planning process does not end with the purchase of LTC insurance. It is the beginning. |
Long-Term Care Links (new browser window will open)
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Copyright 1991-2007 Continental Five Insurance Group, Inc. All Rights Reserved.
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