About Long Term Care
Long Term Health Care is the country’s largest catastrophic health expense and it poses a direct threat to individuals’ financial security.
The reason is that the cost of extended health care –from conditions such as MS, Parkinson’s and Alzheimer’s, or the results of a serious accident- can run into the hundreds of thousands, even millions, of dollars. As a result they can decimate investment and retirement income with severe consequences for the family.
The reason is that the ultimate insurer of these costs is the family because they will pay for them either by living on a reduced income or by liquidating assets earmarked for their future financial security.
These consequences can be avoided by using new long term care insurance strategies based on the following value proposition:
- If long term health care is needed, an insurance company will pay for it.
- If care is not needed, the insurance company will refund 100% of the premium payments to the family when the insured dies.
- In many cases tax subsidies will pay up to 35% of premium costs.
For more information on how individuals can uses these strategies to protect their investment and retirement income and preserve their assets click here.
To discover how employers can use these strategies to protect their employees' retirement income –and to help them attract and retain top talent - click here.
