Some alarming trends in long term care spending could shed light on the potential need for more people to consider long term care insurance as the primary means to fund expenses.
An analysis of long term care spending done by California based SCAN Foundation concluded that individuals and families contributed over $64 billion in funds to [...]

Beginning the long term care discussion with clients shouldn’t be as difficult as we all make it out to be.
My suggestion is to begin the discussion with a focus on what you’ve done for them already.  If you’re an adviser that has taken the time to evaluate your client’s needs over the years, then the [...]

What do long term care insurance and life insurance have in common? I was struck by a commercial I saw recently about life insurance.  Perhaps you’ve seen it.  A father and son are watching t.v. and a commercial is explaining the concept of  protecting your family with life insurance.  The son then asks his father, [...]

Long term care planning is often thought of too late.  The daughter of an Alzheimer’s patient called me the other day with desperation in her voice.
Apparently she had heard, or read, that sometimes there are still alternatives for some people who already have a diagnosis of some kind.  In some cases that is a possibility, [...]

I read an opinion article in the Los Angeles Times today that highlights the harsh realities of long term care.  You can read the article here, but this is an excerpt:
“Now the hospital wants to move him. It is not a long-term care facility, and he does not need acute care. He needs what they call sub-acute [...]

I recently received an update on some things going on in the long term care arena.  One of the larger companies that specializes in long term care is called Long Term Care Financial Partners.  This is one of the fastest growing businesses in the insurance industry.  In 2006 LTCFP decided to donate 2% of their [...]

A poll out recently indicates that the Presidential candidates’ positions on long term care will be a factor in how Boomer’s will be voting.
Market Watch reported that a poll sponsored by Genworth Financial asking 800 registered voters ages 45 to 64 if the cadidate’s position on long term care issues and funding, were factors in this year’s [...]

According to some recent research the economic value of family caregiving in 2006 was $350 billion.  Yep, that’s billion with a “B”.  To put that in perspective, it’s half of the $700 billion ”Bailout” of Wall Street.  Now that is a lot of money. 
Of course, the key words here are economic value.  In other words, no one [...]

In a recent US News & World Report article entitled The Best Age to Buy Long Term Care Insurance, Emily Brandon cites Consumer Reports Money Adviser as saying that the best time to buy coverage is in your 60’s, and those that have assets between $200,000 and $2 million should consider the option.  She also suggested [...]

The topic of providing care for older parents is like an 800 lb. gorilla in the room. No one wants to acknowledge the issue. It’s easier to wait for a crisis. During a crisis, families pull together. The people who love you will help by arranging transportation, meals, daily care and managing minor finances.
But this [...]

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