October is Long-Term Care (LTC) Planning Month, and we’ve got a tip to make your plan go as smoothly as possible. The most obvious tip is to speak with one of our LTC specialists. They can consider your age, health, budget, and retirement goals and work with you to find the best insurance carrier and the best LTC product. If you have concerns about certain things you believe may prevent you from qualifying for a policy, our specialists will be able to help you create a plan for you to eventually get coverage. Continue reading
As of June 2018, Marijuana has been legalized for recreational and medical use in nine states and for medical use in an additional 19 states. More states are likely to join the list as marijuana use becomes increasingly popular both medically and recreationally as well as being a profitable business venture.
Each year in June, the Alzheimer’s Association draws awareness to the disease impacting 5.7 million Americans. Alzheimer’s and dementia impact not only the patient but entire families and friend groups. The Alzheimer’s Association makes it their goal to bring Alzheimer’s to the forefront of people’s minds and raise funds and support to find a cure for debilitating brain diseases.
Learn more about common brain diseases including advances in treatment and ways you can take part in helping bring an end to Alzheimer’s disease. Continue reading
Transamerica Institute is featuring a new study on The Many Faces of Caregivers: A Close-Up Look at Caregiving and Its Impacts. They surveyed over 3,000 non-professional family caregivers around the country to offer a better understanding of a caregiver’s duties. The study included the impact of caregiving on a person’s personal health, well-being, finances, employment, and preparations for retirement.
The research offers an in-depth analysis of caregivers by employment status, gender, generation, ethnicity, household income, whether they are the primary caregiver, and whether they volunteered to be a caregiver or not. Also included was information about their personal health and financial situation.
If you’ve ever searched for a cost of long term care calculator, you may have come up short. That is until today! We recognized the lack of independent, unbiased resources on long term care planning, so we created the Instant Cost Calculator.
Because the cost of long term care insurance varies based on many different factors, it can be difficult to know what your exact cost will be without speaking to a specialist about your specific situation; however, the Cost of Long Term Care Calculator is a great starting point for a ballpark figure.
The Cost of Long Term Care Calculator lets you get educated on your own terms. You can compare multiple long term care insurance (LTCI) carriers, with multiple benefit options, without giving your personal information first. You just need to provide state of residence (plans vary by state), gender (LTCI carriers’ gender base pricing), marital status (you may be eligible for discounts) and age, then you are free to play with any combination of benefits you are interested in. If at any time during the process questions arise, our team of Consumer Specialists are available to help.
We recently added a new feature to the Instant Quote Calculator that has it default to the most commonly applied for plan design. We have seen that most people apply for long term care insurance with a $150 a day benefit amount, 3 year benefit period and 3% compounding inflation. But just because that’s the most common, doesn’t mean you can’t check out other features and plans. Run a quote today to see the cost of long term care insurance from a variety of carriers.
LTC Consumer is an independent, free online service to help consumers understand what long term care insurance is, how it works, and how to evaluate coverage options. Our mission is to provide an educational, no-pressure resource for learning about long term care planning, with the opportunity to speak with specialists who can help them.