When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around...Read more
Book Review: Protecting Your Family with Long-Term Care Insurance
- May 29th, 2013
Local Elder Law Attorneys in Ashburn, VA
Needham Mitnick & Pollack, PLC
Judith Mtinick is well known for acting as a guardian, conservator, trustee or agent on behalf of clients or by court appointment. This experience gives her a wide perspective and extensive practical knowledge that she uses when advising clients in drafting their planning documents. Her experience, as a court appointed...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Hale Ball Carlson Baumgartner Murphy PLC
Loretta Morris Williams is a certified elder law attorney by the National Elder Law Foundation. Ms. Williams was admitted to the Council of Advanced Practitioners, National Academy of Elder Law Attorneys (NAELA) in 2012. She serves as President of the Virginia Academy of Elder Law Attorneys. Ms. Willia...
Long-term care is expensive and only getting more so. That is why everyone needs to consider buying long-term care insurance, according to this newly updated book that explains exactly how this type of insurance works and why it should be part of any financial plan.
Author Phyllis Shelton has spent 25 years as a long-term care insurance consultant and she is passionate about the need for people to think about their long-term care needs.
Shelton argues that people are in denial about whether they will need long-term care and how they will pay for it. She contends that purchasing long-term care insurance isn't about you—it is about protecting your family. The book details the various long-term care insurance products available, including hybrid products that combine annuities and life insurance with long-term care insurance. It also discusses the relatively new long-term care insurance partnership policies that allow purchasers to qualify for Medicaid and retain some assets.
Shelton explains how to find the right long-term care insurance policy as well as how to make a claim. Unfortunately, not everyone can afford or qualify for long-term care insurance and Shelton reviews alternatives such as reverse mortgages, continuing care retirement communities, and veteran's benefits.
Protecting Your Family with Long-Term Care Insurance is particularly timely because it brings readers up to date on the latest changes and strategies available in long-term care insurance. These updates are identified by "Consumer Alert" symbols sprinkled throughout the book.
For more information about long-term care hybrid policies, click here.
For more information about partnership policies, click here.
Last Modified: 05/29/2013