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What factors affect the premium of Long-Term Care Insurance?

Long term care insurance is not as expensive as you may think. There are various options that can be used to customize a plan to fit your specific needs and budget. The cost of your coverage will depend on a number of factors including: 1. Your age when you apply 2. Your health 3. The amount of coverage you choose 4. Preferred health discounts, married, or even partner discounts with some companies such as John Hancock. Many people have found innovative ways to pay the long term care insurance premium, such ways are: • Take a portion of the interest on a given asset such as a 100k mutual fund and you that portion to protect your whole portfolio. • Some people may choose to use the dividend income to pay the premiums • There are some solid fixed and variable annuity products on the market where you put say 100k in the annuity vehicle and again use the interest to pay the premium. The ageless saying, “you get what you pay for”, applies in the Long Term Care market as well. Long-term care insurance is one insurance products that you do not necessarily want to get the best price […]

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Index, Fixed, and Variable Annuities

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Iron Clad Retirement Planning An annuity can help you reach your retirement goals, whether you are saving to build your Nest-Egg or want to turn your Nest-Egg into retirement income.  Learn More Below… Achieve stock market like growth without any risk to your principle due to market losses. Too good to be true??  How is that possible??  Here’s how… Your gains are locked in every year on the policy anniversary date and will never be lower due to market declines. Guaranteed!! Only participate in stock market gains, but never participate in its losses. This means if the markets are down in a given year your money stays the same and just slides over. Index and Fixed Annuities have no fees, sales charges, management fees, etc. 100% of your initial principle is credited to your account on day 1. Your annuity grows tax-deferred. No 1099’s to deal with each year. Provides income you can’t outlive if you choose. Some companies provide a 5%-10% bonus credited to your account on the initial deposit and future deposits for the first 5 years. You can get to 10% annually with no penalty. No longer have to sacrifice growth for safety. Can provide total Long-Term […]

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The Top Six Reasons People Plan for Long-Term Care

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What’s important to you about your long term care insurance risk? Burden: People don’t want to be a burden to their children, spouses, and friends for chronic personal care and/ or the finances required for that level of care. Access to Quality Care: People want the freedom of choosing the best home health agency or nursing home in the market.  They don’t want the government telling them where they can go if they are on Medicaid. Aversion to Welfare: People have an aversion to welfare which is MEDICAID. Asset or Nest-Egg Protection: People want to protect their assets that they have worked hard to save and simply don’t want to give $60,000 a year to a stranger who owns a Nursing Home. Control and Independence: People want control and independence in choosing how they will live and the kind of care they will receive. Peace of Mind: The peace of mind that is offered by Long Term Care insurance is immeasurable.  Being able to sleep at night knowing one is protected, instead of worrying about what to do when health changes is the feeling most people desire. Get Your Free Long Term Care Insurance Quotes Below! Request your Information Now […]

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What factors determine your Long Term Care Insurance rates?

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Long Term Care Insurance companies determine your premium rates based on several factors which are: 1. Your Age: The younger you are when you apply for long term care insurance the lower your rates will be. 2. Your Health: Your health at the time the long term care insurance policy is issued will play a factor in the rates.  Long term care insurance premiums are higher if you have health issues such as Diabetes, Hypertension (high blood pressure), etc.   The Long term care insurance companies will ask for permission to get your current health records from your Doctor and then the underwriters will review them to put you into a rates class.  Most companies will offer preferred, standard, rate 1, or substandard rate-class.  In some cases the long term care insurance companies will ask you to do a physical exam or a memory exam to check for Alzheimer’s or other cognitive disorders.  When you fill out the long term care insurance application be sure to answer all health questions truthfully and to the best of your knowledge. This will help you avoid complications when a claim arises.  If the long term care insurance company learns you did not fully disclose […]

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Retirement Planning

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You might be retired already or retirement is in your very near future.  What ever the case may be, as we age our investment time horizon shrinks every year.  When you were in you 30’s or 40’s you might of been willing to take a chance and invest in volatile stocks like the’s of the world.  Now, you may want to take some chips off the table and reduce your exposure to risk. How can you do that with out sacrificing growth?  The key is diversification and choosing a proven investment such as a mutual fund that has consistently beaten the returns of the S&P 500.  Why is that important?  If your investments have not be beating the S&P 500 there is no reason to be in it because you are taking on more risk and paying more fees for a lower return.  Simply put, you could of bought a S&P 500 index fund that mirrors the performance of the S&P 500 and diversified with 500 different companies rather than putting all you eggs in one basket.  Our Simple Process First, we listen and take careful notes on your retirement goals and over all situation.  Second, we will analyze […]

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Save Money When Buying LTC Insurance


1. SHOP AROUND: Premiums vary greatly from company to company so be sure to get quotes from at least 3 different carriers. At, we represent most all the major Long Term Care Insurance companies and we find differences of 15% to 65% in the premium for basically the same policy from company to company.  It is imperative that you work with a broker who works for all the companies so you will get objective advice. 2. WEIGH BENEFITS AGAINST PRICE: Before you commit to a long term care insurance company make sure you take the time to find out what long term care insurance policy features and benefits are most important to you. 3. LONGER ELIMINATION PERIODS: This is your policy’s deductible and the longer the elimination period on your long term care insurance policy the lower the premium will be.  Consider taking a longer period to keep your premiums down. 4. SPOUSAL and DOMESTIC PARTNER DISCOUNTS: Most insurance companies offer a discount for a husband and wife applying for coverage at the same time. A few long term care insurance companies will offer discounts for gay and lesbian couples as well. 5. COMPOUND INTEREST VS SIMPLE INTEREST:  Anyone […]

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