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

Not Your Average Financial Podcast™

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?