How Much Long Term Care Insurance Should You Have?

One of the biggest questions in long term care insurance is “How much coverage should we have?” I have researched and thought about long term care coverage and amounts quite a bit in the past year. Read more

The New Public Plan for Affordable Long Term Care Insurance

Baby boomers should be paying close attention to the long term care insurance provisions of the recently passed health reform legislation. The Community Living Assistance Services and Support Act, a/k/a the Class Act, is the first national plan to help working Americans insure themselves for future long-term care. Read more

Annuities with Long Term Care Benefits

A frequent objection to the purchase of long term care insurance is that years of premiums may be wasted if long term care is never needed. Similarly, many prospective retirees are reluctant to invest in an immediate annuity because of a concern that they will die long before receiving a meaningful amount of annuity income. Insurance companies are now introducing products that are designed to address these purchaser concerns. One of the products is called a hybrid annuity with a long term care benefit or rider. Similar products are called long term care annuities. Read more

Predicting the Costs of Long Term Care

Imminent health care reform may include a long term care plan that consumers can buy into. The benefits offered are likely to be helpful but inadequate. How inadequate? You can find out by using an online long term care cost estimator. Read more

Long Term Care Insurance: Key Policy Provisions

Mrs. GoTo and I received our long term care insurance policies last week.  The policy was part of a large portfolio of documents that the agent delivered to me.  I immediately opened up the policy document to review what I consider to be the key provisions.  I thought I would share these with you to give you something to think about when considering purchasing long term care insurance for yourself: Read more

Life Expectancy and Retirement Planning

Baby boomers seem to become more reflective and aware of age, aging and the concept of  ”how much longer do I have.”   We’ve done a lot but we want to do a lot more.  We’re just worried about how much time we will have to get it all done.
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How and Why I Bought Long Term Care Insurance

Mrs. GoTo and I recently bought long-term care policies for ourselves.  I actually did it through my employer although the policies are such that we can take them with us.

This post discusses the analysis and logic we considered in making this purchase. Read more