Scientific innovations extend life but come with astronomical care costs that can drain your assets. We'll put a plan in place that helps to protect your savings and eliminate care-giving burdens.
When Traditional Health or Medicare Coverage is NOT Enough
Seventy percent (70%) of elderly Americans will need long-term care. Expenditures for this care could potentially wipe out the savings and retirement income of a large portion of retirees.
Do you want to be one of those retirees?
Traditional health coverage or Medicare is not enough. There is a critical need to have a plan that protects you against a long-term care situation—not only to safeguard your assets but also to avoid becoming a burden to your family.
Historically, the first LTC product was a “stand-alone” policy commonly known as Long Term Care Insurance (LTCi) protection. As the economy shifted, carriers vacated the “stand-alone” LTCi product and have been innovating alternative financial products to solve the longevity quagmire.
At its peak, 140+ companies were offering traditional LTCi. Today, less than a dozen offer this LTC chassis. Conversely, more Life Insurance carriers have been entering the long-term care planning universe through “Hybrid” or “Combo” plans that incorporate long-term care benefits and features into traditional life insurance, annuity, and investment products.
We know it’s important for you to have a plan in place, so we’ve created a subdivision called Solutions 3 LTC to address the evolving landscape of long-term care planning options:
- Solution 1: Long-term Care Insurance
- Solution 2: Life Insurance with Long-term Care (referred to as “hybrid plans”)
- Solution 3: Annuities with long-term care/nursing home rider
Call us to schedule an appointment and become educated about the financial realities of long-term care risk and the protections against it.
- Safeguard your assets through a coordinated plan to mitigate risk
- Access innovative new products that meet multiple needs