Financial Planning

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Advantages of a Traditional Long Term Care Insurance Policy
Wednesday, 28 January 2015 15:58

With the endless choices you have for funding long-term care services, owning a traditional Long Term Care insurance policy continues to be the best option for you when claim time comes.

Here are some of the advantages to owning a traditional Long Term Care insurance policy:

  • Benefits are more comprehensive and generous than those provided by "combined benefit" products, such as Life Insurance or an Annuity with a rider that provides benefits for Long Term Care
  • Includes additional benefits such as care coordination
  • Premiums are tax deductible
  • Long Term Care insurance policies may be "partnership" qualified, and prevent confiscation of your assets by the government when you need Long Term Care paid for by Medicaid

You can learn more about why a traditional Long Term Care insurance policy remains an important element in a sound financial plan by meeting with a professional life insurance agent. I would like to apply for that job. If you want to schedule a meeting, or receive some additional information, then click here.

 

Brent D. Gardner, CLU, ChFC

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