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Long Term Care Insurance and Household Finances

No one ever wants to become so sick or disabled that they cannot manage to take care of themselves. No one wants to have to rely on the assistance of others just to get out of bed in the morning, get dressed, use the restroom, and make breakfast. Unfortunately, this becomes a way of life for many people, and when it does they usually have one of two options – they may have family members look after them, or they may have hired... ❯❯❯

Long Term Care Policy - Planning for Your Old Age

The term ‘Senior Citizen’ spells a perfect combination of ultimate wisdom and experience! However, sometimes it also resounds with silent pain, suffering and worry that become their only companions in life. They have enjoyed life’s most cherished moments, as well as witnessed its darkest side. They have experienced the harsh realities of life, often suffering from the indignities of uncaring relatives. Using long-term... ❯❯❯

Why Long Term Care Is Such An Important Issue For All Americans

If you ask the average person on the street what long term care is, you would most likely get a lot of conflicting answers and many of them wouldn't even be close to being correct. In my conversations with folks about the subject, I have had people tell me that they thought long term care was when you have a disability, or that it referred to an extended hospital stay, or physical therapy and rehabilitation after surgery, along with... ❯❯❯

Long Term Care Insurance: Five Simple Steps for Comparing and Choosing Policies

Every insurance policy is a legal contract. Once agreed upon by both parties, a long term care insurance company must uphold their contract to the letter, or risk lawsuits and regulatory prosecution. Each policy is crafted with utmost care using the probabilities of actuaries, as well as contract lawyers' keen legaleze, and here's how to navigate the decision process. Understanding the wording of a policy and correctly comparing... ❯❯❯

Long Term Care Insurance: Yea or Nay?

Long term care insurance coverage simply MUST be considered by everybody who can medically qualify for this important coverage. Why? For starters here are 10 good reasons: 1. The odds: The odds of your needing long term care are overwhelming: The odds of requiring long term care in your lifetime have now risen to 70 percent. That means that seven out of 10 Americans will use their policies - This is a far greater risk than an auto... ❯❯❯

How to Supplement an Existing Long Term Care Policy Without Paying Premiums

Quite a few people may find themselves in this situation… They had the foresight to buy a long term care policy 5-10 years ago. My first comment is: good for them. When you sit down and take a look at the premium for long term care at various ages, you quickly see that the younger you buy it the better. This seems obvious, but I am here to tell you that the premium differences are extreme. Take a look at the premium at age 45,... ❯❯❯

How To Guarantee A Lifetime Of Long Term Care Benefits For Half The Cost

Here’s how to make sure your long term care is taken care of for the rest of your life, guarantee that you will never run out of money and not disinherit your kids. A tall order, you say. Yes, but in certain situations all three of these can have a happy ending. Here’s a more than typical scenario… Ruth is 88. She has been diagnosed with moderate Alzheimer’s. Other than that, she is in pretty good health for... ❯❯❯

Taking Responsibility For Our Own Long Term Care Needs

In all of the debate about long term care costs, a central underlying cause of the general apathy that many folks exhibit toward preparing for their own long term care needs does not get as much attention as it deserves. The fact is that for a long time now Americans have often shifted the responsibility of care giving away from themselves and left it instead to others to provide. This could be members of their own family, or even the... ❯❯❯