There are many professionals from whom you can purchase LTC insurance, but an LTC Planning Specialist is going to have the most knowledge and training about all the options that can be available based on unique needs of each person or family.

This week I'm sharing what to watch out for when you work with different kinds of professionals. I'm not saying that every representative who does not specialize in LTC will not do a good job.

I'm sharing things to watch out for because this is one of the most important decisions you'll make regarding your family's future.

You need to be sure you are protecting those you love and your life savings using the most appropriate method to meet your needs.

LTC Planning Specialists are not afraid to ask the hard questions that need to be asked to do the job right.

LTC Planning Specialists will wait for the best opportunities for you to be approved.

Schedule with me to learn how you can protect your family, savings and choices at a time when you may be the most vulnerable. https://calendly/com/diane-p4t/30min

email me at diane@preparing4tomorrow.com to ask a question

Several people are asking if they can use their life insurance policies for long term care needs.

Some newer life insurance plans include a chronic illness rider that let's you use the dealth benefit while still alive and needing help living through your day. Those plans don't consider that needing care wil cost much more in the future, however.

Older life insurance policies generally don't allow early use for LTC needs.

You can exchange those plans for a plan that wil pay for LTC. Some of the LTC plans will also pay a death benefit if care is not needed.

Listen and learn what Rob & Judy are considering with their old life insurance policies by using the IRS 1035 exchange rule to reposition their plan feom a death benefit only to a death and LTC benefit.

If you own life insurance with cash value built up, you can use that cash value to create an LTC plan wil little or no premiums.

Schedule with me to learn how https://calendly.com/diane-p4t/30min

Teresa wants to know what happens to any LTC benefit money she doesn't use.

There are plans that pay your family back if no care or little care is needed, but that's not why we buy insurance.

Insurance by definition is a guarantee against the risk of loss or harm. We buy insurance in caswe we need it.

Any help our family gets will more than likely be accepted with gratitude. Without outside help, caring for someone is a full-time job in itself. Then we need to take into account all the other stuff that needs to be managed.

The most common thing I see is that people don't open their claim early enough. As people age, they try so hard to prove they don't need help. They don't see that if they use their benefits, they are giving so much back to their family.

Whether you own LTC insurance or not, you need to have a plan. And you need to share your plan with your family so they know what you would like to have happen when extended care is needed.

Email me for a planning guide you can use to start the conversation - diane@preparing4tomorrow.com

Schedule an introductory meeting with me at https://calendly.com/diane-p4t/30min