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
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Needham Mitnick & Pollack, PLC
Susan Pollack served as Chairperson of the Falls Church Senior Citizens Commission from 1997 to 2011 and was on the Executive Board of the Falls Church Education Foundation. She has also served on the Board of Directors of the Alzheimer’s Association of the National Capital Area and is a member of the Arlington B...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
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