The Boomer Magazine

“The first step in the process is most often a discussion about long-term care insurance among family members or friends,” the analysts write in a discussion of the results. “From there, people educate themselves by reading, brochures, newspapers and magazines.” Most U.S. residents who own private long-term care insurance (LTCI) say they learned about the [...]

  Surviving to an old age is the dominant good-news story about aging. Improved medical care and better diet and exercise habits, particularly among higher-income seniors, are adding years to lives. This welcome trend, however, is running head-on into the harsh reality that even normally aging older Americans are likely to need expensive long-term care [...]

 Many consumers may feel that long term care is just an issue that affects older Americans. However, that is untrue. Changes in health can occur at any time, and so can accidents. Long Term Care insurance helps your clients plan for the unexpected and helps protect their family. Consider the real-life long term care example [...]

  Some may believe they can afford to self-insure. But even those with significant assets could erode their savings very quickly should they need long-term care. Just consider the following example: If you save $1,500 per year and obtain a 7% rate of return annually over 30 years, that money grows to just $142,000. But [...]

Save your assets, and your children’s, by getting this important insurance now – BY BETTY BOOKER –    Because they once made New Year’s resolutions to decide about long-term care insurance, two people I know gained choices about their old-age care: The first, a retired nurse, bought insurance at age 63 to protect assets for [...]

Question: Having diligently saved for the last 30 years, we have built a healthy retirement nest egg. In the event one or both of us need long term care, how can we protect ourselves? The Problem: Cost of Long Term Health Care.  According to the U.S. Department of Health and Human Services, 7 in 10 people over the [...]

Originally, the primary reason Long Term Care insurance (LTCi) was created was because it would help cover the high costs of a nursing home. But, over the years, the policies have changed dramatically. Now LTCi is a comprehensive product that helps cover the cost of a variety long term care services. Consider the real-life, long-term [...]

John Hancock Long Term Care has provided us first with some pertinent information regarding 2013 premium deductions. We would like to thank them for proving us with this information. Please contact our office at 804-339-3532 if there are any questions about the information below. The Internal Revenue Service (“IRS”) has announced its annual cost-of-living and inflation [...]

This is a provocative headline designed to draw the attention of women who are single, women who are divorced or widowed and even for women who are presently married because chances are, at some point in the future, you will be living alone. The topic is long term care insurance and there is a single, incredibly important [...]

Being a Long Term Care Insurance policyholder, I want to save as much as possible on my premiums. I’m sure you do too. Each year, many people use Health Savings Account (HSA) to reimburse themselves with pre-tax dollars for Long Term Care Insurance premiums, up to the IRS limits for deductible LTC premiums. And you may be able to [...]