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
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
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