- are committed to sharing basic living expenses, and
- are not married to anyone else
Tuesday, January 17, 2012
Long Term care Insurance Policies for Same Sex Couples
There are long term care policies available for same sex couples. Genworth offers a 40% discount to couples who have been together for three consecutive years and in a committed relationship as partners and
Long Term Care Insurance discounts
When looking for a long term care policy. Genworth offers two major discounts:
- couples discounts--spouse discounts; special couples discounts (special couples-two people who have been living together for three years+
- preferred health discount--for those who have decent health; non-smokers (a health questionnaire, physician's records, and underwriting determine preferred health eligibility)
Monday, January 16, 2012
Protect Your Life Savings
Doesn't it make sense to use discretionary income or adjust your budget to protect your life savings versus risking everything to the cost of long term care?
Americans are seventy percent likely to use long term care sometime in the future. If you don't have an insurance policy...why don't you? Even if you have the assets set aside to pay for long term care, why would you want to risk using your life savings and risk outliving your assets?
Why wouldn't you want your life savings to go to a much greater cause...like grandkids, or a worthwhile charity?
The cost of a long term care policy is just a drop in the bucket compared to in-home, assisted living, and nursing home costs. Depending on your age, annual premiums for a long term care policy are a fraction of the monthly costs of long term care.
Protect your life savings with a long term care insurance policy. Get the facts before you buy a policy. Visit my website: Eaglelongtermcareconsulting.org
Americans are seventy percent likely to use long term care sometime in the future. If you don't have an insurance policy...why don't you? Even if you have the assets set aside to pay for long term care, why would you want to risk using your life savings and risk outliving your assets?
Why wouldn't you want your life savings to go to a much greater cause...like grandkids, or a worthwhile charity?
The cost of a long term care policy is just a drop in the bucket compared to in-home, assisted living, and nursing home costs. Depending on your age, annual premiums for a long term care policy are a fraction of the monthly costs of long term care.
Protect your life savings with a long term care insurance policy. Get the facts before you buy a policy. Visit my website: Eaglelongtermcareconsulting.org
The Risk of Losing Your Independence
Can you think of any other risk (other that the risk of long term care), that can wipe out your life savings and take away your independence?
Long term care is an insurable risk. We as a society are conditioned to protect ourselves against risks. We have insurance on things we hold dear: our vehicles, our homes, our money, our health, our lives.
If you don't have a long term care insurance policy, then long term care is the only risk you face that threatens your way of life. Americans have a seventy percent chance of needing long term care at some time in their future.
Premiums are based on age. The cost of waiting to get a policy is huge. Not to mention if you wait, you may not be a policy because of a health issue. Get a policy now and lock in your age...before something happens and you don't health qualify.
Long term care is an insurable risk. We as a society are conditioned to protect ourselves against risks. We have insurance on things we hold dear: our vehicles, our homes, our money, our health, our lives.
If you don't have a long term care insurance policy, then long term care is the only risk you face that threatens your way of life. Americans have a seventy percent chance of needing long term care at some time in their future.
Premiums are based on age. The cost of waiting to get a policy is huge. Not to mention if you wait, you may not be a policy because of a health issue. Get a policy now and lock in your age...before something happens and you don't health qualify.
Risking Your Life Savings
So you realize that long term care is a risk you face, and if it happened you would have to use "your life savings" to pay for it. Isn't that right?
Medicare does not pay for extended long term care. It will pay for the first 80 days under a doctor's care, but after 80 days...you are responsible for the cost.
So where is the money to use for in-home, assisted living, or nursing home care? Nursing homes are costing an average of $74,000 a year. The average stay in a nursing home is three years. That's $222,000.
Will what you have set aside for long term care be enough twenty years from now when the need arises?
A long term care insurance policy can protect you and your future. Why worry about how much you're going to need for your long term care and if you will outlive your assets?
A long term care insurance policy can bring you peace of mind. You won't have to worry about loosing your savings and losing your home. Protect your assets.
Why use your life savings paying for long term care? Get in touch with me. I can point you in the right direction. I can help you protect your loved ones, your assets, your independence.
Medicare does not pay for extended long term care. It will pay for the first 80 days under a doctor's care, but after 80 days...you are responsible for the cost.
So where is the money to use for in-home, assisted living, or nursing home care? Nursing homes are costing an average of $74,000 a year. The average stay in a nursing home is three years. That's $222,000.
Will what you have set aside for long term care be enough twenty years from now when the need arises?
A long term care insurance policy can protect you and your future. Why worry about how much you're going to need for your long term care and if you will outlive your assets?
A long term care insurance policy can bring you peace of mind. You won't have to worry about loosing your savings and losing your home. Protect your assets.
Why use your life savings paying for long term care? Get in touch with me. I can point you in the right direction. I can help you protect your loved ones, your assets, your independence.
Planning for long term care
No one ever plans on needing long term care, but would you agree this is something that can happen to you?
Americans have a seventy (70) percent chance of needing some sort of long term care in the future, so why don't we plan on needing long term care? What gets in the way of our thought processes when it comes to having a plan?
Questions to ask...
Americans have a seventy (70) percent chance of needing some sort of long term care in the future, so why don't we plan on needing long term care? What gets in the way of our thought processes when it comes to having a plan?
Questions to ask...
- Why put the family in the predicament of figuring out what to do?
- Who is going to be in charge?
- Who can help with in-home, assisted living, or nursing home care?
- What is long term care going to cost?
- Where are we going to get the money?
When a long term care need arises, there are many factors to consider. That's where having a plan comes in handy. If you don't have a plan, then you are using the chaos theory.
No one really wants to plan for long term care. Why? Maybe because we don't want to think of ourselves in "that" situation. A situation where we have to depend on other people to help us do what we could normally do in our daily lives.
Living longer is a mixed blessing. The longer we live, the higher the chances we have for needing some sort of care.
The first step in planning for long term care is agreeing that needing long term care is something that can happen to you.
Thursday, December 8, 2011
Long Term Care premiums tax deductible
It's a good idea to make a move toward getting long term care now before the end of the year because the year's premium is tax deductible: one more reason to seriously consider long term care insurance.
Subscribe to:
Posts (Atom)