In this episode, The Annuity Man and Jack Lenenberg discuss: 

• Annuities and long-term care 

• The three primary types of long-term care coverage 

• Tailored long-term care 

• Planning for the future 

 

Key Takeaways: 

• Annuities provide principal protection, lifetime income, legacy planning, and long-term care coverage for uninsurable individuals. Long-term care insurance providers offer cash indemnity benefits without requiring receipts for paid caregivers.

• The three primary types of long-term care coverage are traditional standalone long-term care insurance policies, asset-based life insurance policies, and asset-based long-term care annuities.

• Asset-based long-term care provides customizable inflation-adjusted lifetime benefits, allowing clients to design plans tailored to their needs and budgets, with the option to recoup unused funds.

• People need income, legacy, and long-term care planning regardless of interest rates or politics, and these products help eliminate stress by transferring risk. Therefore, initiation conversations with your family, update your documents, and work with a professional team.

 

"Regardless of insurance and products, when it comes to long term care planning, the most important thing for our clients is to have conversations with your family, with your loved ones, with your children." —  Jack Lenenberg

 

Connect with Jack Lenenberg:

Website: https://longtermcareinsurancepartner.com/ 

LinkedIn: https://www.linkedin.com/in/jacklenenberg/ 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!