There was a pretty good article in the Wall Street Journal recently about long-term care insurance — both traditional insurance (which I personally own) and the new life insurance and annuity based hybrid policies.
CLICK here (or below) to see the article: http://goo.gl/eILjh5
As many of you know, I started my professional career in financial services as a long-term care specialist. It was fun to see quotes from folks I’ve known and worked with over the years.
My new personal traditional LTC insurance sales have slowed down to a relative trickle over the last 5 years due to premium increases and a number of insurers no longer offering the coverage. The hybrid policies have picked up some of the slack since there is ALWAYS a financial benefit — whether you ever need LTC care or not.
Protecting your family’s lifestyle and your life savings is important. Owning some type of LTC protection can give everyone involved valuable peace of mind and brings financial flexibility to one’s retirement.
Each person’s or couple’s situation is different and one size does not fit all. And that’s what makes my business so much fun – solving financial problems in the best and most efficient way that attains my client’s goals, given their own circumstances, resources and personal preferences.
You can read the article here: http://goo.gl/eILjh5 and of course contact me with any questions.
all the very best… Mark
Mark J. Orr, CFP
Certified Financial Planner