Not Your Average Financial Podcast™

Episode 363: Drowning in Long Term Care Costs? Life Insurance as a Lifesaver

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In this episode, we ask:

  • How about dealing with the complexities of the long term care industry?
  • According to the Department of Health and Human Services, how many will need Long Term Care insurance?
  • How many people own Long Term Care insurance?
  • What about self-insuring?
  • What’s the percentage of people that confused Long Term Care insurance with Long Term Disability or Health insurance?
  • Will the gallows humor pay for the bills?
  • What are the major changes that affected this industry recently?
  • What about home-based care?
  • Why is Long Term Care insurance so unappealing?
  • Is Long Term Care insurance use-it or lose-it?
  • What about the trend toward dual-purpose policies?
  • What percent of Americans are living paycheck to paycheck?
  • Who can afford even a small emergency?
  • How much does Long Term Care cost per month?
  • What about unpaid family caregivers?
  • How is the family doubly harmed?
  • What happens to a woman in her 50s who finds herself caregiving?
  • What happens as the boomers start to retire?
  • Would you like to visit caregiver.com?
  • Who wants to talk about aging?
  • What about nursing homes?
  • Is Bank on Yourself® just a death benefit?
  • What about living benefits?
  • What about the Accelerated Death Benefit Rider (ADBR)?
  • What can you use the money for?
  • What are the activities for daily living (ADLs)?
  • Would you like a lump sum or a periodic payment?
  • What about giving to charity?
  • What about surgery and medical bills?
  • What about paying someone for ongoing care?
  • What about home repairs?
  • What about a cruise?
  • Are there any restrictions on the use of the money?
  • How about some more case studies?
  • What about options?
  • What about taking care of the expenses in the final years?
  • How about an example?
  • Would you like to hear Episode 91?
  • What will you build for yourself and your loved ones?
  • Would you like to meet us at the FREE Not Your Average Financial Community?
  • Would you like to meet with Mark?

    • ...more
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