Dane A. Petchul
CLTC , LTCP
…LTCi is like disability insurance for your retirement 
There are four kinds of people in the world:
Those who have been caregivers,
Those who currently are caregivers,
Those who will be caregivers
and
Those who need caregivers.
Roslynn Carter
Never put off to tomorrow what you can do today.
Thomas Jefferson
Long-term care insurance protects retirement savings and lifestyle.
It preserves personal freedom to choose where and how care is received.
It allows loved ones and family members to care about you…not care for you.
If you fail to plan, you plan to fail.
Origin Unknown
The bulk of caregiving is performed by women, and two-thirds of the caregivers are employed full or part-time.
Challenged to Care: Informal Caregivers in a Changing Health System, Health Affairs, July/August 2002
It is thrifty to prepare today for the wants of
tomorrow
The Ant and the Grasshopper
If you don’t own a long-term-care insurance policy—or if you rejected the idea before-you should seriously consider getting one now
Kiplinger’ Personal Finance, May 2006
Many receive advice, few profit by it.
Publilius Syrus
There are four kinds of people in the world:
Those who have been caregivers,
Those who currently are caregivers,
Those who will be caregivers
and
Those who need caregivers.
Roslynn Carter
I was convinced that I should not buy Long-Term care insurance until I was in my 60’s. Long Term Care Insurance Pros showed me that I would actually pay less if I started at age 50.” It was easy, only an application, a phone interview and I was approved.
Daniel F.
Long-term care insurance protects retirement savings and lifestyle. It preserves personal freedom to choose where and how care is received. It allows loved ones and family members to care about you…not care for you.
Old Age is like everything else. To make a success of it, you’ve got to start young.
Theodore Roosevelt
…LTCi is like disability insurance for your retirement
The only money that will be there when you get there is money you put in place now
Ronald Reagan
The tangible benefit of long-term care insurance
is the money it provides to pay costs.
Money to pay for care—protecting the nest egg.
The intangible benefits of long-term care insurance
include choice of how and where care is received.
Removal of peoples’ tendency to delay care.
Avoidance of being forced into institutional care setting.
Most important, it allows loved ones and family
Members to care about you…not for you.
You may delay, but TIME WILL NOT.
Benjamin Franklin
Long-term care is not an individual matter. It’s a family matter. Whether it’s a spouse, a partner, a child…a sister or brother… or even a mom or dad…others get involved…others are affected.
I was convinced that I should not buy Long-Term care insurance until I was in my 60’s. Long Term Care Insurance Prosshowed me that I would actually pay less if I started at age 50.” It was easy, only an application, a phone interview and I was approved.
Daniel F.
The time to repair the roof is when the sun is shining.
John F. Kennedy
The first step is to consider the purchase of long-term care insurance...Since these polices come with "concierge" services to find appropriate caregivers, this is a must-do for women who are alone...The time to buy is in your late 50s or early 60s, when costs are lower and you're healthy enough to qualify.
Terry Savage Author, “The Savage Number” Nationally syndicated financial columnist
March, 2008
If you don’t own a long-term-care insurance policy—or if you rejected the idea before-you should seriously consider getting one now
Kiplinger’ Personal Finance, May 2006
LongTermCareInsuranceProsdid not sell me insurance, he solved a major problem with my retirement plan.
Richard G.
It is thrifty to prepare today for the wants of
tomorrow
The Ant and the Grasshopper
Percentage of LT Insurance Applicants
Who Qualify For Good Health discounts
Age of applicant Average Who qualify
40-49 53.7%
50-59 44.2%
60-69 31.9%
70-79 18.8%
Source: American Association for Long-Term Care
insurance report, Feb, 2006
If you fail to plan, you plan to fail.
Origin Unknown
I was convinced that I had enough money to self-insure, but saw the advantage of leveraging my money with Long-Term care insurance. Long-Term care insurance protects what I have worked so hard to earn.
Steve M.
…LTCi is like disability
insurance for your retirement
Long-term care insurance costs less over time, buying now than buying equivalent coverage in the future. The 20 year total cost of buying now is less than the 19 year total cost of buying next year, or the 18 year cost of the next year, and so on.
Take time to deliberate, but when the time for ACTION arrives, stop thinking and go in.
Andrew Jackson
Long-Term Care Insurance- How Much Coverage Do You Need?
This question is personal and it is different for everyone. Why? Because we all live different lifestyles and have different expectations of how we want our retirement to be. Just as people drive different cars and live in different houses, long term care insurance can fit it with just about everyone’s budget.
In the future, you or a loved one may need long-term care. It is impossible to predict the future. Even when you look at family members, it is different today due to the advances of medical science. We are living longer with the aid of new medicines and treatments for our ailments.
Long-term care insurance may be necessary following an accident, surgery or illness or you could need long-term care insurance in your later years just do to the frailties of old.. It is difficult to know exactly what you will need in terms of long-term care.
So, the first thought in the event that you will need long-term care, is what kind of life would you want for yourself and the family around you? Do you have adequate savings that could help subsidize the long-term care insurance? Do you want to continue enjoying your current lifestyle? If you need care, will there still be funds for your spouse or partner to continue living a financially stable life?
There are many options when designing a long-term care policy. Usually, you are not going to want to go with the lowest insurance plan and count on using all of your savings. You could end up with no money and not-so-great insurance coverage. What happens if your long-term care needs go on for years? This could leave you in a very difficult situation.
Choosing the highest priced plan may not be the right choice, either. The best plan for you is a policy with a premium that is affordable, that will give you the care you need without having to dip too much into your savings. This middle of the road plan is often the best option.
It is important consult with a long-term care specialist when designing your plan. An independent specialist works with all the top carriers and shows no bias toward one carrier or another. He works as your advocate in deciding which carrier is best for you.
In conclusion, long-term care insurance can provide you the assurance that you have a solid long-term care plan in place in the event that you or your loved one needs long-term care. You can feel confident that your life savings will not be exhausted paying for long-term care services. If you have the money, perhaps a higher-cost plan is for you. If you are on a budget, get the best plan you can afford. A little long-term care insurance coverage is better than no coverage at all.
Long-Term Care Financing & Planning is What we Do!