One of the best things about working with an LTC Consumer specialist is that they can offer so many options for your long-term care insurance (LTCI) needs. Our specialists aren’t tied down to one carrier. They listen to your story – your needs, your wishes, your health, your family structure – and find the right carrier for your situation.
By now you’ve probably heard that 15 million Americans are expected to need long-term care (LTC) by 2050 and 52% of people over the age of 65 will need LTC in their lifetime. Maybe you’ve considered talking to your financial advisor or someone who specializes in long-term care insurance (LTCI). Perhaps you’re still concerned about the cost of an LTCI policy dipping into your budget. Did you know that you can use your Health Savings Account (HSA) to pay for LTCI premiums? Continue reading
No one likes to think about getting older and experiencing any sort of health issues. However, life happens, and if we create a plan things can go a little easier. Asking yourself these ten questions can help you determine if long-term care insurance (LTCI) is a product that’s right for you and your loved ones. Continue reading
Insurance policy features and terms can sometimes be confusing and difficult to understand. One of the commonly confused Long Term Care Insurance (LTCI) policy terms is contingent nonforfeiture. Especially when you hear two versions of nonforfeiture: contingent nonforfeiture and a nonforfeiture rider.
First, we’ll explain what contingent nonforfeiture is and how it benefits policyholders. Then, we’ll discuss what makes the nonforfeiture rider different.
When you are ready to purchase long-term care insurance (LTCI) you want to make sure you’re getting the best policy for your needs at the best price for your wallet. At LTC Consumer our agents are from all across the country, have years of experience, and long-term care (LTC) planning is all they do. Customer testimonials say it best when they talk about knowledge, being at ease, being able to compare different plan options with different carriers, and being able to shop from their home on their time. Continue reading
Long-Term Care insurance (LTCI) isn’t just bought with your money, it’s bought with your health. Not everyone will be approved for LTC coverage due to health issues or co-morbid conditions that insurance carriers often decline. Continue reading
Do you own an annuity or cash value life insurance policy? Are you concerned about protecting your assets from the risk of rising long-term care expenses? You may be in luck.
Section 1035, a little-known provision of the federal tax code, allows policyholders who meet certain requirements to trade in their existing contract or policy tax-free for long-term care insurance.
Learn more about the value of 1035 exchanges and how this provision may benefit you. Continue reading
While many debate the exact millennial generation time period, demographers and researchers typically consider millennials to be born in the early 1980s through the mid-1990s or early 2000s. Millennials were the first generation to grow up with computers and technology and became the creators of well-known technology companies such as Facebook, Google, and Instagram.
So, what do millennials think about long-term care, and when do they need to consider it for their own future? Continue reading
Maybe you’re aware of the financial risk of a long-term care event but haven’t pulled the trigger and applied for coverage yet. Life will always have its challenges or busy seasons to distract us, but it’s never a good idea to wait too long to secure coverage for yourself or a loved one. The following are five reasons you shouldn’t delay in getting the long-term care insurance (LTCI) coverage you need. Continue reading