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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: 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Kamala Harris vows to revive Biden’s defeated ‘care economy’ plans The Washington Post MLA presses government on status of elder-care home work Nunatsiaq News Quebec is 'one minute to midnight before a collapse of the elder-care system,' provider says Montreal Gazette Abuse of older people World Health Organization (WHO) Considerations When Offering Senior Care Dining Times i Advance Senior Care Seniors' podcast aims to ease loneliness by sharing inspiring stories from nursing home residents ABC News Home-based dementia day care service seeks hosts Yahoo Canada Shine On Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit With dementia rates projected to rise, northerners call for better elder care in Nunavut Nunatsiaq News Suspected gunman in Croatia nursing home killings charged on 11 counts, including murder Yahoo News Canada Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Eskasoni, Province Celebrate Opening of New Long-Term Care Home Government of Nova Scotia Suspect detained in Croatia after ‘savage’ shooting at senior’s home kills 6 South China Morning Post Senior and Older Adult Resources Cash Advance Payday Loans Hamilton Meet Lorraine Breuer, 2024 Hall of Honor inductee McKnight's Long-Term Care News A fire, two deaths and the business of elder care in India Al Jazeera English Canadian grad's elder care app wins Apple's Swift Student Challenge, earns Tim Cook's praise MobileSyrup Seniors Recreation & Things to Do City of Toronto Croatia: Several dead in nursing home attack DW (English) Kenora site chosen for new Wiigwas care home NWONewsWatch.com Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online Whatever Happened to All Those Care Robots? The Atlantic Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation Older people’s risk of abuse is rising. Can an ad campaign protect them? theconversation.com When Families Fight Over a Relative With Dementia, It’s Time to Call in the Mediator The New York Times Sponsored: Winnipeg’s home-style elder care cottages Winnipeg Free Press Creating 'centres of excellence' will help improve senior care in hospitals, says health minister CBC.ca A gunman has killed 6 people including his mother at a nursing home in Croatia, officials say The Associated Press Health System News Transforming Elderly Care with the Hospital Elder Life Program Ontario Hospital Association Perley Health Foundation reaches $10M goal to transform elder care Ottawa Business Journal Alyssa Renk: State must do something to support elder care Winona Daily News Global Elder Care Services and Assistive Devices Market Forecasted to Reach $1.1 Trillion by 2028 Yahoo Finance Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com Ontario Building New Hospital in Moosonee Government of Ontario News Elderly Care Market To Reach USD 1,902.7 Billion By 2032 Report By DataHorizzon Research GlobeNewswire Palliative Care Bereavement Program - Central Zone Nova Scotia Health Authority Frailty Coordinator Lauren Jefferson supports seniors in their health care journey Nova Scotia Health Authority Hiring An Elder Law Attorney Forbes FPT Health Ministers’ Meeting Ends In Disappointment With No Immediate Action For Struggling Workers SEIU Healthcare Ontario Celebrates Opening of Long-Term Care Home in Long Sault Government of Ontario News Australia looks to digital strategies for better elder care BioWorld Online CTV National News: Raising the alarm on elder care CTV News Windsor Personal Conflicts, Even Violence, Are Not Uncommon in Long-Term Care The New York Times Council of Seniors appoints new Executive Director CKPGToday.ca Facing Financial Ruin as Costs Soar for Elder Care The New York Times |
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