Long Term Care (LTC) planning is not what it used to be. Twenty years ago you could purchase a long term care insurance (LTCi) policy at inexpensive rates and it would pay for your care forever. Due to premium increases, policies have changed. There are many more options for those who are interested in using an insurance policy to help cover their care needs.
I help clients plan for their long term care needs and assist them in deciding if a long term care policy is right for them and if so, which type.
Traditional Policies are less expensive than other options, but if you don't use them, all premiums are lost. However, these policies now are available with partnership provisions that protect some of your assets from the medicaid spend down.
Hybrid or Asset Based policies combine the best of long term care policies and either a life insurance or annuity contract. These guarantee a return of your premiums. OneAmerica's policy even offers a lifetime rider for a lot less than you would imagine.
There are still other options for assisting with long term care, such as annuities and whole life policies with LTC and critical care riders.
Lots of people handle their long term care plan as if they are playing darts. For an amateur, you throw and hope you get near the bulls eye. If you are a great dart player, you throw accurately and with precision. You practice and play strategically.
I help you strategically plan to reach your goals. As with all of life, there are few guarantees, but developing a plan means that you know if some type of insurance with long term care included is right for you. For example, if you are a high net worth individual or family, you might want an asset based policy that provides lifetime benefits.
I sit with you and look at your anticipated needs and evaluate your total situation to assist you in the decision.
What does it take to get a quote on long term care insurance? Just your birth date, a few choices from you on policy options, then we can get started. I strive to find the best Long Term Care insurance options on the market.
Why not request a quote today?
I can work with all the major carriers and if we need to find others, we can. Examples of carriers I work with are:
Note: Due to changes in Genworth's financial rating. I no longer recommend Genworth Long Term Care insurance products.
Serving Colorado Springs, Pueblo, Monument, Castle Rock, Denver, Boulder and Fort Collins