When people think about their golden years, they often ignore the fact that the “gold” tends to disappear as we age.
With age comes a more limited income as well as high health expenses which can adversely impact your savings and that golden nest egg that you’ve worked hard to grow.
“Affordable Long-Term Care Insurance provides outstanding value no matter how much you have in assets. You don’t have to spend thousands of dollars every month for care. You don’t have to place the responsibility of caregiving on your family,” said Matt McCann, a nationally known speaker and expert on long-term care planning.
McCann suggests several planning options to consider, which all provide tax-free benefits:
- Traditional Long-Term Care Insurance – These affordable policies include partnership policies which in 45 states provide you with additional dollar-for-dollar asset protection. Shared spousal benefits are available.
- Hybrid Long-Term Care Insurance – These have become popular as they combine a death benefit with long-term care coverage. This way you are guaranteed to get money from the policy. You can also pay the premium in one lump sum.
- Limited-duration policies – These policies are usually just one or two years of care. They often have very flexible underwriting standards so both older people and those with some health issues may be eligible for coverage.
These policies are guaranteed benefits and most policies provide inflation coverage so your benefits - not your premium - increase every year.
McCann is licensed nationwide and represents the major insurance companies. McCann can match your age, health, family history, and other considerations to shop all the top companies to find you the best options and the best value.
Using a unique process, clients can view McCann’s computer screen on their own computer while speaking on the phone. It is an easy and pressure-free way to learn and compare all the options from all the companies.
LTC News is a resource McCann recommends that offers news and information. Start by finding the current and future cost of care in your area: https://www.ltcnews.com/resources/states
Another resource is the US Department of Health and Human Services official long-term care site: https://longtermcare.acl.gov/
Free Long-Term Care Insurance Quotes: www.quoteonltc.com
McCann’s website also features extensive resource information.
McCann Insurance Services: 866.751.7957: www.mccannltc.net