HBI Insurance Services
231 Cypress Drive
Santa Rosa Beach, FL 32459
ph: 404-272-9249
fax: 678-669-9969
hbruns
Nobody relishes the idea of spending his or her sunset years in a nursing home. Nevertheless, it's something we all need to think about. Fact is, long-term care — whether it's in a nursing home, assisted-living facility or even in our own home, is breathtakingly expensive, and without careful planning, you may exhaust your assets trying to pay the bills. These days, the average cost for one year's stay in a nursing home is $75,190 ($206 per day), according to the Metlife Mature Market Institute. And in some areas it can be much more than that. In Stamford, Conn., for example, the average cost is $125,560 ($344 per day). These figures are expected to almost triple over the next 20 years (assuming a 5% rate of inflation in long-term-care costs).
For some of us, the financial solution lies in long-term-care (LTC) insurance. Long-term-care policies charge a fixed monthly premium based (in part) on your age when you sign up. As long as you keep paying the bills, you're covered — regardless of changes in your health and advancing age. The premiums are much lower if you buy the policy at a relatively young age (i.e., your mid to late 50s to early 60s), since younger people are unlikely to incur long-term-care expenses anytime soon. But if you wait until an advanced age to buy a policy, you'll pay through the nose. And if you have a serious medical condition or bad medical history, you may be unable to find coverage at any price.
We would be happy to help you decide if a LTC plan is right for you and help you build a solution that will match your needs for coverage and budget. Our philosophy is that some LTC coverage is always better than none at all. By shopping all the top carriers in the country, we can guarantee the best plans and rates.
Alternatives to LTC insurance include "Linked Benefit" plans (also know as Hybrid LTC products), which are life insurance products with LTC benefits built in. We can help you with all the options.There are also "short term" and "recovery care" plans that tend to have more lenient underwriting, and they can be worth a look for those unable to qualify for traditional LTC plans.
The best valued and most feature rich carriers in the country for LTCi are National Guardian Life, Mutual of Omaha, Lincoln Financial, One America, Securion, Nationwide, and others.
Determine the cost of care on your own (This is an interactive file that lets you graphically show how much money you need to set aside today to fund a long term care need in the future...VERY COOL)
What are LTC Costs in your state? (interactive map showing costs by state)
LTCR Affinity Options Presentation
Click here for a unbiased Guide to LTCi
Good LTC reading material:
Three Step Guide to LTC Planning
LTC reprint #1 Insurance for the Long Haul
LTC reprint #2 WSJ Smart Money Article
LTC reprint #3 Negative Inheritance Article
How much do you really know about Long Term Care?
Are you prepared to pay for LTC?
10 key considerations for purchasing LTCi
Are you entitled to Veterans' or Veteran's survivor benefits?
Preliminary LTC Health questionnaire
If you are a member of one of our sponsored groups, click LTCRPlus to join. It's free, but you'll need a group code. The program benefits are outlined HERE. If you are not a member, but wish to join anyway, click here
Click here to see all the carrier brochures (scroll down to bottom of page)
Uninsurable, or afraid you may outlive your assets?
Consider someone like Phoenix or Guggenheim(TriVysta) for an income annuity.
Good Videos (may be uTube):
LTCi - Best age to buy LTC insurance
Join a meeting link - wait for me to start the meeting
Top traditional carriers:
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HBI Insurance Services
231 Cypress Drive
Santa Rosa Beach, FL 32459
ph: 404-272-9249
fax: 678-669-9969
hbruns