Preparing For Tomorrow podcast

This week, we're discussing rate increases on traditional or stand-alone LTC plans. Why do rate increases happen? What triggers the increase? How can we minimize or avoid future rate increases? The American Association for Long Term Care Insurance discusses why we should not expect large rate increases on current plans here View current and projected costs of care where you live at https://www.carescout.com/cost-of-care Learn what the Medicaid rules are in your state here Schedule a brief introduction call or zoom meeting with me here

Natalie inherited a $450K IRA from her mom and was able to use some of that money to design a hybrid life/LTC plan with tax free benefits if she needs extended care OR if she doesn't. She bought her plan five years ago and is half way done paying for it as it is a 10 year paid up plan. Before she retires, the plan will be fully funded. She won't need to think or worry about needing care or she can afford to provide for herself throughout retirement. Her kids won't need to worry about her, and she knows her mom would be proud of they way Natalie decided to use some of her taxable inheritance to create an enourmous amout of tax-free income to pay for her own future care needs. Schedule time with me to prepare for yor tomorrow HERE

As promised, here is a link to a great blog by Suze Orman on how someone with $5,000,000 in assets needs to consider LTC insurance protection https://www.suzeorman.com/blog/how-long-term-care-insurance-can-protect-your-retirement-plan/ It seems that with nearly every person or couple I work with, a version of this question comes up. Which plan do I recommend most often? Although all LTC plans are similar in how to qualify for benefits, each company and even each plan within a company carries unique attributes to that are attractive to various wants and needs of interested buyers.. This week, Diane shares different/unique characteristics offered inside hybrid life/LTC plans. Each company hass its own way to attract the clients they want to attract. Listen and learn some of the unique ways companies diffrentiate themselves. Email me at [email protected] and ask me for more info on hybrid LTC planning strategies. Then schedule a phone or zoom meeting with me to design your plan HERE

This is Season 6 episode 52! I'm so glad we've been able to educate people about LTC and LTC insurance for six years! As we prepare for Season 7, We'd love your input. What do you want to know more about? What do you like or dislike about the podcast? What else can I teach you? Email me at [email protected] and use the subject line?"Podcast Topics"

This week, we continue busting the perception of not wanting LTC insurance if it isn't going to cover all of our extended care needs. If we own insurance that pays for 75% of our needs for three or four years, then we and our family will only need to pay for 25% of the costs over that time. We also look at the top 12 most expensive states in which to receive and afford LTC services and how long average net worth can support that need. None of us are average, and none of us want average care when that event shows up and disrupts our family. But....if we have enough insurance leverage to help pay for at least an average claim, it's that much less complicated for our family to be able to afford to provide for our needs. Listen and schedule with me to learn more here