Long Term Care Insurance won’t make you rich: It is meant to prevent you from becoming poor

Here’s What You’ll Learn

Long term care:

Is a wide range of services to support and meet a person’s needs due to the inability to perform activities of daily living or due to a cognitive impairment.
Can be caused by accident, illness or old age
Can be received in one’s own home, Assisted Living Facility or Skilled Nursing Facility.
How are these services paid?
What are the average costs for care?

Listen to the Podcast

1:09 – Facing a tsunami of taking care of seniors and Gen Xers
1:37 – What is long term care insurance
4:05 – Long term care stats
6:25 – How to pay for long term care
10:10 – Medicare and long term care
11:14 – #1 unplanned expense for seniors
12:15 – Medi Cal explained
15:23 – Facts about long term care insurance
16:20 – Alternatives to long term care insurance
17:07 – To buy or not to buy
18:15 – Questions time

Stan, a Vietnam Era vet, opened his own insurance brokerage over 20 years ago, adding Long Term Care coverages to his portfolio of life and disability products. He is a premier specialist in Long Term Care.