Author: Charles White
I want to stay in my home!
The insurance industry has heard this since Long-Term Care insurance was created! The industry, through competition and regulations, has created many benefits to help a person that qualifies for the benefits to remain at home. Approximately 52% of claims paid are for Home Care expenses! Here are some of the […]Read More
“HOLE” IN YOUR ASSET PROTECTION PLAN?
GOOD/BAD NEWS! WE ARE LIVING LONGER BECAUSE OF HEALTHIER LIFESTYLES, NEW MEDICAL TECHNOLOGY, AND DRUG TREATMENTS. A 65-YEAR-OLD IS EXPECTED TO LIVE WELL INTO THEIR 80’S. BECAUSE WE ARE LIVING LONGER, OUR ABILITY TO PERFORM NORMAL ACTIVITIES OF DAILY LIVING COULD BE HINDERED DUE TO A MEDICAL ISSUE. LONG TERM […]Read More
Educational Workshop – Long-Term Care
With the continued medical improvement, people are living longer! In many cases this creates a need for assistance. We are having a one-hour, no cost, educational workshop on February 29th starting at 2:00 pm covering Indiana Partnership Tax Qualified Long-Term Care Insurance. The location is: McCollough Library – 5115 Washington […]Read More
Long-Term Care Small Business Advantage
Most small business owners like to take advantage of tax-deductible benefits! Long-Term Care Insurance is one of those benefits. Employers can choose a class of key employees to have these benefits. The class could be based on the time with the company, income, or titles. Many employers like the ability […]Read More
Why Long-Term Care Insurance?
I believe many people have not considered looking into long-term care coverage because of the subliminal feeling that they would be giving up their freedom and independence if they needed this type of care. Who wants to go to a nursing home or an assisted living facility? The insurance industry […]Read More
HOW CAN IT HELP PROTECT MY ASSETS?
April, 2006 the Georgia Long-Term Care Partnership plan was signed into law. Part of the goal is to encourage Georgia residents to plan for their later years when the need for Long Term Care (LTC) is generally the greatest. Members of the Partnership include the State of Georgia, qualified LTC […]Read More
Executive Carveout for Long-Term Care Insurance
C Corporations can create an “Executive Carveout Plan” whereby a business owner may favor selected employees for certain benefits and exclude others. Spouses and dependents of these “key” employees generally are granted the same tax advantage. • Employer provided Long Term Care insurance is treated as an accident & health […]Read More
WHY LONG-TERM CARE
I have been asked a number of times “Why are you so passionate about Long/Short Term Care insurance?” I remember a couple that had been married 40 years. The husband developed Parkinson’s and the wife did everything she could to take care of him at home. Finally, they had no […]Read More
“I DON’T PLAN ON GOING TO A NURSING HOME!”
As a population, we are living longer, which may create a need for care: – More than half the people over age 65 need some type of long-term care – 41% of long-term claims are for less than one year – 83% of claims are for home care/assisted living – […]Read More
GREAT CARE/HELP WHEN YOU NEED IT!
Most of us have heard stories about Long-Term Care Insurance. Things like: “it is too expensive” “always having rate increases” “what if I never use it” or “my health conditions won’t let me get the coverage”. The industry has heard these concerns and developed shorter term benefit plans that require […]Read More