McCann Insurance Services
Long-Term Care, Critical Care, and Asset Protection Planning
Understanding Long-Term Care Insurance (LTCi)
Long-Term Care is help with activities of daily living (ADL’s) or supervision due to cognitive issues. People require long-term care due to illness, accidents or the impact of aging. It can happen at any age but the risk increases as we age. Health insurance, Medicare and Medicare Supplements will only pay for a limited amount of skilled care. Most long-term care is custodial in nature (help with ADL’s or supervision due to memory problems like Alzheimer’s and dementia). Custodial care is NOT covered by health insurance, Medicare or Medicare Supplements. This means unless you have affordable Long-Term Care Insurance you will pay for care yourself or your family will provide care thus placing a physical, emotional and financial burden on them. The best time to plan is before you retire, however affordable solutions are available at most ages depending on your health.
Long-Term Care Insurance will pay tax-free benefits to provide you with choice of quality caregivers at home or in a facility.
Who Needs It
With the advances in medical science, we all are living longer. People require long-term care due to illness, accidents or the impact of aging. The US Department of Health and Human Services says if you reach the age of 65 you have a 70% chance of needing some type of long-term care service before you pass.
Why LTC Insurance
The financial costs and burdens of aging will impact you, your family, your savings and your lifestyle. A successful future or current retirement should include a plan to safeguard your assets and ease the burden long-term care places on family. The consequences are tremendous but affordable LTC insurance will add peace-of-mind.
How To Get LTC Insurance
There are very few specialists that have the knowledge and expertise in underwriting, policy features and benefits, tax incentives, knowledge of state partnership programs, and claims experience. Very few people are endorsed by the American Association for Long-Term Care Insurance.
Memo from Matt
Former First Lady Rosalynn Carter said, “There are only four kinds of people in the world: those who have been caregivers, those who are currently caregivers, those who will be caregivers, and those who will need caregivers."
While many us know we should plan for the financial costs and burdens of aging many put it off. The fact you are at my website shows you understand the financial costs and burdens of aging will have a tremendous impact on your, your family, your savings and your lifestyle.
Occasionally a person will say they will wait for plan “down the road”. Affordable LTC insurance is a key part of your retirement plan. It protects your 401(k) and other assets while, at the same time reduce the burdens caregiving can place on your family. But your good health, today, gives you the best and most affordable options.
Most people plan in their 40’s and 50’s as part of their overall retirement planning but I have affordable options for most people at most ages. Unfortunately, few insurance agents or insurance agents have the skills or experience in Long-Term Care Insurance, the underwriting of these products and how they actually get used at the time of claim.
This is where I come in. I represent all the top companies including partnership plans, limited benefit plans, critical care plans and hybrid asset based plans. It is well worth your time working with a specialist, like myself, so you don’t make an error or spend more money than you need to. Long-Term Care Insurance is an affordable way to protect your future or current retirement.
Licensed nationwide, I am uniquely qualified to make the appropriate recommendations and help you shop for the best coverage at the best value. I look forward to speaking with so you can add peace-of-mind to your retirement planning. You will discover that Long-Term Care Insurance is Easy Affordable Asset Protection.
Long-Term Care News
Latest news about Long-Term Care Planning powered, with permission, from Long-Term Care Planning News.