Another option for LONG TERM CARE (LTC)

I just  saw another  study indicating that 85% of Americans have not arranged for LTC. That means that  either A) they choose to Self Insure which is silly or B) they choose to rely on the Government plan which is worse, its ridiculous, or C) they are to late to buy and are now priced out or are actually Medically uninsurable.  those who believe in A) are usually misguided and in many cases do not have  enough Risk Protected assets to actually be able to  self insure. Those  who fit into category B) fail to understand that most of them do not  have a solid government backed  LTC program other than Medicaid with all of its limitiations. Do you  really  want to  be dependent on finding  a Medicaid approved bed in a facility you  would  want to  spend the last years of your life in? In the  case of C) there are options that are  guaranteed issue asset based alternatives for LTC insurance.

It  actually strikes me as funny that most of the people I know both clients and friends who actually  can  afford to self insure are smart enough to know that that isn’t an intelligent use of their assets when they can get the protection using only a fraction of the assets if they buy protection. Some use traditional LTC insurance  and some use asset based strategies. I can  help with both.

Pleas get in  touch if you want to investigate your LTC choices and alternatives!

Tags: Long Term Care, Long Term Care Insurance, LTC, LTCI, Non Traditional Long Term Care products, Paying for Long Term Care, Paying for LTC