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Elder Care Information |
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Introducing the Best Available Long Term Care Policy Guarantee
If you're 60 to 70 years old ... or have a family member who is ... then what you are about to discover could help prevent the complete erosion of your estate. In fact, it's probably the most important asset you could ever own. Let me explain why. For over 24 years, I have helped hundreds of individuals understand and implement money saving ideas. From the birth of an innocent newborn to the demise of a crafty senior I've witnessed families in every financial situation imaginable. As my clients age (and me along with them), I can tell you without hesitation the biggest fear of growing old is losing your ability to remain independent. Although we are living longer, we are not necessarily living better. Chronic disease is rampant ... and it strikes with a vengeance when you least expect it. How many people who have experienced a stroke knew it was going to happen to them? How many anticipated that particular moment when they began to forget things? The facts speak for themselves. Literally millions of Americans require long term care ... either in nursing homes, day care centers, assisted living facilities or in their own homes. And the cost of providing this care is outrageous with no end in sight. Now, if you think it will never happen to you ... I'm sorry. This article doesn't try to convince anyone about the likelihood of their needing care before they die. It's meant for those who understand and appreciate the need to arm themselves with protection against the horrific expense of long term care. In fact, this article is ideal for those who have already looked at traditional types of long term care policies and are trying to determine which type is best for them. One of the biggest objections to buying a long term care policy is that if the benefit is never needed the premiums paid for the policy will be wasted. This is somewhat like buying automobile insurance. You have to pay the premium in order to get your car repaired. But what if you never have an accident. Is that considered losing your premium? Funny isn't it? People hardly question paying for car insurance, but they frequently resist doing so for a long term care policy. So... what if you could always get your premium back - guaranteed - if you never require any long term care? And, what if you die before receiving long term care? Wouldn't it be great if your loved ones could recover 100% of your premium expense? How about this? You actually use up all of your long term care benefit. And then you die. What if your family could still get back 10 percent of your premium. Now if you know anything about long term care policies you're probably wondering why you haven't heard of this type before. One reason is because it is non-traditional and not included in the mainstream marketing of long term care policies. Another is because it takes a large sum of money to buy the policy. $50,000 is typical and it's a one-time single premium, which means you will never get stuck with a premium increase. It is not uncommon for people between 60 and 70 to have large sums of money stashed away in bank CDs earning low interest. Kind of an emergency fund. Transferring a portion of this fund into the policy makes sense because the money continues to earn interest. Besides, it usually pays more than the bank ... plus, the policy interest is tax deferred. It's also common for people this age to have old life insurance policies with significant cash value. Many times it's possible to transfer the cash into the long term care policy and still retain a meaningful death benefit. And the future long term care benefit could easily be worth over one million dollars. This policy has a 90 day waiting period before benefits are paid. The length of the benefit can be as short as 4 years or as long as your lifetime. You can also get a 5% compound interest inflation protection rider to help keep up with the rising cost of care. The name of this policy is MoneyGuard. It is a universal life insurance policy with a long term care rider. The issuing life insurance company is Lincoln Life, a subsidiary of Lincoln Financial Group. By the way, this policy was initially developed by Penn-Pacific Life many years ago. They have years of experience and an excellent reputation. Lincoln recently bought Penn-Pacific. Ask your life insurance agent to get you more information about this single premium policy. For the right situation it is absolutely the best guarantee in a long term care policy. Don Adams is a 24 year veteran financial consultant who has helped hundreds of individuals solve a variety of problems related to money matters. More information is available at http://personal-finance-on-the-net.com
MORE RESOURCES: Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan Medicaid cuts threaten nursing home partnerships Private Funds CFO Elder Care Services Market to Reach US$ 2.56 Bn by 2031, Driven by Aging Population Growth openPR.com DeSantis signs budget that includes more than $1.16 billion for health care initiatives Health News Florida Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times Your Company Needs an Eldercare Policy Harvard Business Review NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health Alumni Impact Series: Kevin Ye – Shaping the Future of Elder Care through Entrepreneurship University of Waterloo AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes Anglican elder care specialist and advocate named to Order of Canada The Anglican Journal BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News The Care Squeeze: how to have the aged care conversation with your loved ones Australian Broadcasting Corporation Rescue work continues at site of impact near elder care facility in central Israel The Times of Israel Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health Elder Care Products Market to Reach US$ 45.0 Bn by 2032 Driven by Aging Population Growth openPR.com Initiative to address women’s care load in Africa expands with two new projects | IDRC IDRC - International Development Research Centre Seniors Care Program Royal Victoria Regional Health Centre 'Don't open another bed': St. John’s doctor says there's a better way to keep seniors out of long-term care PNI Atlantic News Elderly patients can deteriorate hourly in the ER. This team works against the clock to get them out CBC Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist News Video: How the Immigration Crackdown Threatens Elderly Care The New York Times B.C. government close-lipped on watchdog report that finds seniors care is worsening - Vancouver Sun Should we subsidize elder care more? Stockholms universitet Cracks in home care need filling NB Media Co-op Rural Nebraska town warns of Medicaid cuts’ impact on elder care KOLN | Nebraska Local News, Weather, Sports | Lincoln, NE Geriatrics Sinai Health About the new rights-based Aged Care Act health.gov.au Experts share tips for 'Sandwich Generation' as caring costs them $18k a year — as it happened Australian Broadcasting Corporation How companies can ease the strain on employees taking care of elderly parents or ill family members CNN Iran-China relations + China drops tariffs for African countries + Elderly-care robots Mercator Institute for China Studies Health Caregiving Market to Reach US$ 250 Bn by 2032, Driven by Aging Population Growth - openPR.com WHO calls for urgent transformation of care and support systems for older people World Health Organization (WHO) Kuwait showcases elder care model at UN forum Kuwait Times A Model for Elder Care? Supported Housing Offers Some Hope for the Future Center for Retirement Research Sector must become financially investible to meet future aged care needs, StewartBrown report warns Inside Ageing Nursing home and elder-care residents could be hit hard by potential Medicaid cuts The Washington Post Organization brings awareness to elderly care resources after incident in Warner Robins - 41NBC News The Care Squeeze Australian Broadcasting Corporation Research Groundbreakers: Dr. Roxanne Weiss Is Advancing Elder Care and Delirium Prevention The University of Utah Half of Kansas nursing home investigator positions are vacant. One Olathe resident dies waiting for help Johnson County Post Digitalization for Improving Elder Care Asian Development Bank Midlands law firm opens Aiken office, adds estate attorney Columbia Business Report Hatfield senior citizen accused of indecent assault on sleeping victim at assisted living facility, police say North Penn Now New long-term care home coming to Squamish BC Gov News main/aging ~ DHSS - Services and Programs for the Aging Population Delaware Health and Social Services (.gov) When Elder Care Is All in the Stepfamily The New York Times Dual Threats From Trump and GOP Imperil Nursing Homes and Their Foreign-Born Workers Wausau Pilot & Review Elder Care Graduates in Hot Demand in China Sixth Tone |
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