Posts Tagged “Long Term Care Insurance”
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
Long term care insurance offers benefits & protection for smart consumers
By Jorge Hiram Garcia, Your Insurance Advisor | April 18, 2012
Many of us have a hard time picturing the benefits of long term care insurance. Long term care insurance offers many benefits & protection for smart consumers who plan ahead. Long term care insurance has many uses, and offers many benefits, but by its very nature, it is for the long term, many people have [...]
Looming Retirement? Make a Retirement Income Plan To Guarantee Income For Life
By Jorge Hiram Garcia, Your Insurance Advisor | April 13, 2012
If you are contemplating retirement or are planning to retire soon, you’ll need to plan in order to make sure your retirement years are as comfortable as possible for you. One thing you need to do is to make a retirement income plan with your insurance advisor to make sure you don’t run out of [...]
Survey Finds Costs of Long Term Care and Nursing Home Care Rising
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
A recent survey by CareScout of Waltham, Mass., created the latest report by surveying about 15,300 U.S. LTC providers in 437 metropolitan statistical areas defined for the 2010 U.S. census. This survey found the following: The median price for a private nursing home room has increased about 4.2% in the past year, to $222 per [...]
Generation X and the Long Term Care Insurance Conversation
By Jorge Hiram Garcia, Your Insurance Advisor | March 1, 2012
Generation X & the long term care insurance conversation is not hard to imagine once you start taking a closer look at several interesting Gen X facts & LTC: Selling is a challenging task for anyone selling any product that involves time horizons longer than the 15-second attention span of a typical daytrader. If you’re [...]
A growing concern for many Americans, especially Boomers, but also Americans in other generational groups, as well, is long term care. Long Term Care is vital because as a society we are living a lot longer than in the past. Recent advances in medical care and the treatment of disease and illness have advanced much [...]
The National Academy for State Health Policy has recently released a report on the new changes and provisions in the Patient Protection and Affordable Care Act which will affect Long Term Care (LTC) insurance for America’s seniors. Some of the “enhancements” found in these new changes are designed to help seniors avoid nursing homes, coordinate [...]
How can I determine how much disability insurance I need?
By Jorge Hiram Garcia, Your Insurance Advisor | April 29, 2010
The goal of buying long term disability insurance is to make sure that if a disability occurs, you and your family will have enough financial resources to maintain your family’s lifestyle without having to make drastic changes. You’ll need to make some adjustments of course, but the goals is to ensure that those adjustments do [...]
Why is the impact of disability worse than death?
By Jorge Hiram Garcia, Your Insurance Advisor | April 28, 2010
Disability is the inability to earn a living (this means working for most of us) due to illness or injury. Long term disability results from this type of condition existing for a period of three months or longer. The longer the period of disability, the harder it becomes financially for the disabled, and his or her family.
Many consumers do a poor job of protecting themselves from the long term loss of income due to a long term disability. The great majority of consumers who do buy this type of coverage do so through their employers, yet these types of employer provided long term disability insurance policies may not be the best choice for consumers.
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