The point of buying long-term care insurance is so you don't have to worry how to pay for a nursing home (or other types of l...Read more
Long-term Care Insurance
- August 30th, 2004
Penelope S. Tzougros, Ph.D., ChFC, CLU Long-term Care Insurance: How to make decisions that are right for you. (Wealthy Choices, Waltham, MA: 2002).
Price: $10 (click on book to order).
The author, a financial planner and former professor, points to studies showing that two out of five Americans over age 65 will need long-term care at some point in their lives, and three in five over age 75 will have a nursing home stay.
Unlike many writers on the subject, however, Dr. Tzougros does not convey the impression that she is promoting the purchase of insurance to cover such eventualities. Instead, she dispassionately explains the financial consequences of buying or failing to buy coverage, allowing consumers to come to their own informed decision about whether or not they need it. As just one example, a checklist lets readers evaluate how likely they are to want or receive care from loved ones as an alternative to long-term care.
Once the decision to purchase long-term care coverage has been made, designing the right policy from the mix of available options is a surprisingly complex undertaking. In the booklet's second half, Dr. Tzougros patiently guides consumers through this process, defining terms and explaining how the various benefits and riders work. If she thinks a particular benefit is worth having, Dr. Tzougros doesn't hesitate to say so.
Long-term Care Insurance is a concise, clearly written guide that will be a valuable resource for those trying to decide whether to purchase long-term care coverage or how to design a policy
To read reviews of Long-term Care Insurance on Amazon.com, click here.
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...
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...
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...