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Long-Term Care has the Potential to be Your Most Important Asset

No one ever likes to think about it, but long-term care can be a necessity for some -- whether it's due to a disability, old age, etc.  And according to recent stats about long-term care, it ain't cheap at all -- over $100,000/year as of 2018.

 

While you may have an existing health insurance policy, long-term care coverage usually isn't included under most policies.  And Medicaid's coverage can sometimes limit your future care options (like only cover certain nursing homes).  Plus, sometimes you're even required to liquidate certain assets.

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Worried about the rising costs of Long-Term Care?

Step 1:
Understand Your Options
Step 2:
Get a Custom Plan
Step 3:
We'll Get You Approved
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Types of Long-Term Care Insurance

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Traditional LTC

The oldest form of LTC, and often referred to as "if you don't use it, you lose it" policy.  Typically funded through continuous systematic premiums to fund a much higher balance that can be utililized for qualified LTC expenses, if 2 of 6 'assisted daily living' criteria is met.

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Asset Based LTC

The most popular type of LTC, typically funded through an asset such as an annuity, life insurance or cash.  The "asset based" aspect combats the concern that "if you don't use it, you lose it" concern.  With these policies, you control the asset.

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Life with LTC Rider

A life insurance policy with an attached rider which covers LTC expenses.  This type of policy is more life insurance directed but can provide substantial benefits towards a potential LTC need.  Most commonly funded through continuous premiums.

What is Long-Term Care?

The options for long-term care plans are confusing, and the stakes for your physical, emotional, and financial future are too high to feel uncertain about your decisions.

What's covered?

Where is care covered?

Custodial Care

Your Home

Skilled and Unskilled Care

Adult Day Care

Nursing Care

Nursing Home

Therapy Care (occupational, speech, physical)

Assisted Living Facilities

Nursing Care

Help with Personal Care (dressing, bathing, meal preparation, light housework)

Hospice Care

Special Care Facilities

Adult Family Homes

In Good Hands

We Employ Guru's, Literally...

 

Too many options exist which is both good and bad, and the stakes for you and your loved ones are too high to feel uncertain about your decisions.

 

Since 2005, we've advised thousands of clients and advisors alike on their options.  

Contact Us to schedule an appointment to discuss  your options.

You and your loved ones deserve to feel confident about the future, and you can have the security of knowing you have the right financial protection in place.

Disclaimer: Rates are based on current interest rates.  Not all annuities are available in all states. Surrender charges may apply to withdrawals during the surrender period. A 10% IRS penalty may apply to withdrawals prior to age 59 ½. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.  The Annuity Guru® agents' are licensed to sell Annuities; The Annuity Guru agents are not required to be FINRA registered representatives or affiliated with a Broker Dealer.

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Annuity Guru®,  Life Insurance Guru®,  LTC Guru®,  Med-Supp Guru®,  Don't Be Sold, Be Informed® are registered trademarks or pending service marks with the United States Patent and Trademark Office. All rights & use reserved, protected, and enforced.  DBA The Michigan Retirement Agency, in the retail capacity

“We do not offer every plan available in your area. Currently we represent over 30 organizations nationally, which vary the number of products we offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.”

*This disclaimer is required by CMS (Center for Medicare & Medicaid Services) and we need to advise you that contacting Medicare. gov and SHIP may not be in your best interest. The representatives from Medicare are not versed on different doctor networks, and all the differences in plan designs. SHIP representatives are volunteers that receive 8 hours of training and cannot make recommendations. The average trained Medicare agent completes 40 plus hours of training and are held to a high standard of compliance and we will look at all your options and recommend what we feel would be best for you based on your needs.

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