Saturday, November 15, 2014

How Long Term Care Can Stretch Your Retirement Dollars

Living a longer, active life in retirement is far different today than it was in the 40’s or 70’s. Life expectancies were shorter. Social Security played a much different role in retirement then than it does today. You have worked hard to secure a healthy nest egg; you deserve to protect it and to protect your lifestyle. Insurance options today, just like social security, are vastly different than they were decades ago. If you have stayed away from Nursing home insurance, congratulations! That’s old news and no one wants to go to a nursing home. What’s available today is Care Insurance and it comes in many forms. Gone are the days of one type of insurance. Many consumers today are gravitating to solutions that cover multiple risks. Long term care, legacy assets, income stream….you design it as you want it. You can pick from life insurance or annuity strategies that cover any level of care you need!

If you have already made the decision to save rainy day funds for an emergency, you should know about the leveraging power your existing assets have to create a larger rainy day fund. A 60 female who has an income distribution of $10,000 a year can use that distribution to create nearly a $450,000 benefit for long term care. By making annual premiums for 10 years not only is a $450,000 ltc benefit available but if care is never needed the clients heirs will receive $150,000 in a life insurance benefit. Premiums are guaranteed never to go up and you have a return of premium guarantee once all payments are made. At age 70 a fully funded long term care solution, to be used in multiple settings!

Syndicated financial columnist and talk show host Steve Savant interviews nationally recognized long term care author and expert Maria Sarci.

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About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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