Prepare for whatever the future holds Planning for long-term medical care can be stressful and confusing. With such a complicated topic, figuring out the best course of action can feel impossible without an expert helping you through every step of the process. ASCE won't leave you in the dark during your long-term care planning. We've partnered with Long-Term Care Resources (LTCR), one of the leading independent LTC insurance agencies in the country. Since 1997, LTCR has helped over 650,000 association members find the long-term care options that best fit their needs. And now, LTCR is offering LTCRplus: a robust membership program that makes it easier than ever to navigate the complex...
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Protect Yourself and Your Family No one knows what the future will hold. That’s why it’s important to have a plan. With the insurance services we offer, you can protect yourself and your family from the unknown. Our top insurance offerings include: Annuities – Protect yourself from the possibility that you will live longer than your income will provide for. With an annuity, you can make contributions that are then paid back to you periodically for the rest of your life. Life Insurance – Make sure your loved ones are cared for after your death. Life insurance will pay out a lump sum to your designated beneficiaries and can be used to pay for things like funeral...
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Home> Individuals> Insurance Solutions> Long Term Care Insurance Long-Term Care Insurance Long-term care can be defined as the variety of health and supportive services necessary for adults who require some form of daily, ongoing assistance outside of the acute care unit of a hospital. It can also include home health care, adult day care, assisted living, hospice care, and homemaker services. The types of care available differ widely between insurers. According to the U.S. Department of Health and Human Services (September 2008 National Clearinghouse for Long-Term Care Information), at least 70% of people over the age of 65 will require some form of long-term care services at some...
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Should you get long-term care coverage? It's likely that at some point in your life you will need assistance with your daily activities. In fact, the U. S. Department of Health and Human Services estimates that 70% of people over age 65 eventually will need long-term care, whether in a home setting, a senior living community or a nursing home. Long-term care insurance differs from disability insurance in that it might help cover the costs of these services and may help you preserve your financial resources. Just follow a few guidelines and keep these factors in mind if you're thinking about purchasing coverage. Why do I need long-term care coverage? A long-term care insurance policy helps...
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As life expectancies increase, so does the need for long-term care. It may surprise you to realize that approximately 70 percent of Americans now turning 65 will need some form of long-term care during retirement. The median cost of a private room in a nursing home can exceed $100,000 a year, depending on where you live. The costs of long-term care can take a big bite out of your retirement income or deplete the assets you may want to leave to your beneficiaries. In fact, in many cases, mounting long-term care expenses can require your heirs to pay for your care. This is one of many potential risks you face managing your income in retirement. Long-term care insurance You may never need long...
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With Americans living longer than ever, most of us will need some extra help with everyday activities as we age. The benefits of long-term care insurance go beyond what your health insurance may cover by reimbursing you for services needed to help you maintain your lifestyle if age, injury, illness, or a cognitive impairment makes it challenging for you to take care of yourself. Long-term care may benefit: Families who want to help protect their loved ones, lifestyle and assets. Retirees and Pre-retirees wanting to preserve the money they have worked so hard to save. Individuals who may not have someone to care for them or significant assets to pay for these costs. It's impossible to...
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With effect from 1 April 2015 the provisions of the Care Act 2014 applied to local authorities in England. The Act established an entitlement to public care and support for all adults with needs for care and support. Additionally it also created entitlement to support for carers. Local authorities have to make sure that people who live in their areas: Receive services that prevent their care needs from becoming more serious, or delay the impact of their needs Can get the information and advice they need to make good decisions about care and support Have a range of providers offering a choice of high quality, appropriate services Charging for Residential Accommodation Guide In previous years...
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Long-term care insurance reimburses you for long-term care costs for people with active policies who meet the eligibility criteria for disbursements (unable to perform certain daily living tasks). Choosing a financially stable company is essential. Companies with a variety of products and add-ons and excellent customer service ensure you’ll be happy with your policy and experience. The 5 Best Long-Term Care Insurance Companies in 2020 State Farm: Best for Enhanced Universal Life Insurance New York Life The ability to choose between stand-alone long-term care insurance, hybrid policy long-term care, and life insurance makes New York Life the best choice overall. NYL My Care, for...
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Positioning Life Insurance with Long-Term Care Benefits In this uncertain and continually changing environment, Clarity 2 Prosperity has been committed to sharing both defensive and offensive strategies for advisors to keep their clients and prospects engaged. Through our series of recent podcasts and other virtual resources, we’ve covered topics from market volatility and running your business virtually, to new product opportunities and proven referral processes. With so much focus on current conditions, however, an area that can be easily overlooked is opportunities for clients’ Later Buckets. In a recent Bucket Plan Podcast episode, Dave Alison sits down with wealth advisor...
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You can use your life insurance policy to help pay for long-term care services through the following options: Combination Products Many consumers are reluctant to buy long-term care insurance because they fear that their investment will be wasted if they do not use it. Some insurance companies have attempted to solve this problem by combining life insurance with long-term care insurance. The idea is that policy benefits will always be paid, in one form or another. These products are relatively new and the features are changing as the product evolves. The amount of the long-term care benefit if often expressed in terms of a percentage of the life insurance benefit. Accelerated Death...
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