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Long Term Care Insurance, What Am I Protecting?

By Team iBizExpert On April 14, 2022 06:31 PM No Comments
What does insurance for long-term care cover? In some cases, this is a very clear answer. Let's not put the responsibility of taking care of others on our kids, who have their own lives to live. The other answer that makes sense is to protect...

Is Your Financial Planner Going To Pay Your Long Term Care Bills?

By Team iBizExpert On April 12, 2022 02:01 PM No Comments
I always ask my clients, "Will your financial planner be willing to pay for your long-term care, and will they have access to good home health care providers?" Many lawyers and advisors are now afraid to tell people not to get long-term care...

Insurance Policies: Are You Covered? Really Covered?

By Team iBizExpert On April 11, 2022 06:29 PM No Comments
Getting insurance is a no-brainer for a lot of people. What I mean is that most people only think about a few types of insurance when they think about what they really need. 98 percent of people who buy insurance buy the policy that their agent...

How To Supplement An Existing Long Term Care Policy Without Paying Premiums

By Team iBizExpert On April 10, 2022 03:47 PM No Comments
There could be a lot of people in this situation... They were smart enough to buy a policy for long-term care 5–10 years ago. First, I want to say, "Good for them." When you look at the cost of long-term care insurance at different...

How Are SEP IRAs Established To Save For Retirement

By Team iBizExpert On April 03, 2022 01:09 AM No Comments
A Simplified Employee Pension (SEP) plan is set up when an employer signs a SEP agreement and has a certain number of employees who are eligible to have a SEP-IRA account. For an employee to be eligible for the employer's SEP-IRA plan, they must...

Baby Boomer Couples Cutting Health Care Costs

By Team iBizExpert On March 16, 2022 04:30 PM No Comments
Baby boomer couples can save money on health care by pooling their money to lower the cost of long-term care premiums. Instead of getting long-term care insurance for just one person, advisers and analysts say you can sometimes save money on...

What Senior Citizens Need To Know About Private Long Term Care Insurance

By Team iBizExpert On February 08, 2022 04:48 PM No Comments
Seniors and their families in the United States worry a lot about long-term care. Studies have shown that Americans put long-term care second on their list of financial needs, after saving for retirement. Many Americans don't want to think about...

Long Term Care Insurance Should I Get This?

By Team iBizExpert On February 05, 2022 09:34 PM No Comments
Yes, you might want to think about getting long-term care insurance if you don't want to use up your retirement savings and other investments. At the moment, it is thought that the cost of a nursing home is more than $10,000 per month. Imagine...

Long Term Care - The Who, The What and The How

By Team iBizExpert On February 05, 2022 09:18 PM No Comments
Even though life is full of choices, most adults know that the only way to control what they can do in the future is to plan ahead. Financial planners recommend spreading out your investments to make sure you make money. Planners for real estate...

Long-Term Care - The Ignored Need

By Team iBizExpert On February 05, 2022 08:56 PM No Comments
A survey done for the John Hancock Life Insurance Co.* found that most Americans worry they will need long-term care at some point after they retire, but only a small number of them are doing anything about it. It says that 85 percent of the...

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