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: Cracks in home care need filling NB Media Co-op Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Canada’s aging crisis and a call for reform in eldercare The Hill Times Ombudsmen and advocates join fight over nursing home staffing levels Iowa Capital Dispatch Nursing home staffing rule in limbo as Trump 2.0 approaches The Union Leader Anglican elder care specialist and advocate named to Order of Canada Anglican Journal All-inclusive elder care for aging at home: This nursing home alternative is on the rise The Laconia Daily Sun Older adults and population aging statistics Statistique Canada CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees Abuse of older people World Health Organization Rustad unveils plans for seniors’ care Prince George Daily News New business offers families ‘Peace of Mind’ with elder care The Turlock Journal 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca MLA presses government on status of elder-care home work Nunatsiaq News Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Quebec is 'one minute to midnight before a collapse of the elder-care system,' provider says Montreal Gazette Nursing Home Industry Wants Trump to Rescind Staffing Mandate The New York Times With dementia rates projected to rise, northerners call for better elder care in Nunavut Nunatsiaq News Nursing Home Industry Wants Trump to Rescind Staffing Mandate HealthLeaders Media Perk of the Week: Employee Assistance Program (EAP) Northeastern University More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences How to Get Medicaid to Pay for Nursing Home Care U.S. News & World Report Canadian grad's elder care app wins Apple's Swift Student Challenge, earns Tim Cook's praise MobileSyrup Assisted Living Technology Panasonic Older solo adults rely on others for help Grand Junction Daily Sentinel Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation At Cozy Corner, DeKalb seniors gather for fun, relaxation Shaw Local News Network Elder Care Graduates in Hot Demand in China Sixth Tone Seniors at Tendercare long-term-care home receiving ‘dehumanizing’ treatment, relatives say Toronto Star B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Ageing and health World Health Organization Opinion | Alzheimer’s Can Be a World of Endless Second Chances The New York Times Can Harris’s proposed ‘at-home Medicare’ end the dreaded ‘spend down’ of senior assets? The Guardian Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital Is India’s senior care sector ready to take off? ASLI Ageing Fest to address this The Times of India 'She was evil': Former B.C. care aide sentenced for stealing from seniors CTV News Vancouver Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com Seniors Housing Operating Performance Cushman & Wakefield Ontario Building New Hospital in Moosonee Government of Ontario News Most of us are anxious about aged care. Here’s how to change that Sydney Morning Herald Wisconsin will need almost 10K more elder care workers to keep up with aging baby boomers Wisconsin Public Radio News When Elder Care Is All in the Stepfamily The New York Times Festus nursing home loses Medicare and Medicaid funding KTVI Fox 2 St. Louis Simpson Residents Prove Impact Has No Age Limit: Celebrating Visionary Women Making a Difference Send2Press Newswire Aging population drives New York’s Long-Term Medicaid Care spending WETM - MyTwinTiers.com Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online End-of-year CEO Q&As: Russell Egan – Superior Care Group Inside Ageing Nursing home resident advocates warn of growing crisis as Festus Manor closes Leader Publications Deducting Long-Term Care Insurance Premiums in 2025 ElderLawAnswers.com Nursing home industry wants Trump to rescind staffing mandate St. Louis Post-Dispatch Ileana Garcia bill would guarantee nursing home patients the right to record their rooms Florida Politics Attend the Hokie Wellness Elder Care Symposium Virginia Tech One stop for senior care Warren Tribune Chronicle Transforming Elderly Care with AI and Radar – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal Green Houses: A communal approach to elder care Association of Health Care Journalists Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit Forgotten elders The Sun Nigeria How Senior Care Staff Are Using Tech to Attract and Retain Staff HealthTech Magazine |
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