Market Drop Can Impact Ability to Self-Insure LTC Costs

Stock Market Drop pic Depositphotos_94866190_m-2015If you have a 401(k), 403(b) an IRA or just a personal investment account you noticed the impact of Britain’s vote to leave the EU. The Brexit has caused world markets to drop, at least for now.

As you know, your hard earned savings tend to not only increase in value but, from time to time, they drop in value and sometimes that drop makes your stomach hurt.

While over time your investments do recover these sudden drops in market value can impact those who plan on self-insuring the costs of Long Term Health Care. If your need for care happens at a time of a market crash you will be forced to sell your investments at a loss but your loss could still be a taxable gain. Not only are you locking in your loss but you still are using your own money and forcing your loved ones to deal the financial costs and burdens of aging. 

Affordable Long Term Care Insurance gives you the peace-of-mind knowing that money for quality caregivers will always be there so you are not forced to ‘sell at a loss’ and use your own money … impacting lifestyle and creating a burden on your family.

Some people don’t like to pay for insurance premiums. They think they can self-insure and use their own money. Many times this is because they think a Long Term Care event will not happen. People require Long Term Health Care due to illnesses, accidents and the impact of aging. As the advances in medical science continue to allow us to live longer and survive these events the amount of people who require help with ‘activities of daily living’ or require supervision due to memory issues increase.

The US Department of Health and Human Services says if you reach the age of 65 you will have a 70% chance of needing some LTC service before you pass. The financial costs and burdens of aging is real and the physical, emotional and financial burdens that LTC places on family is something you need to plan for ahead of time.

Affordable Long Term Care Insurance can provide not only money (which grows every year at a set rate) but case management, provider discounts and other services to make aging issues much easier on loved ones.

If you get a plan in place when you are younger the premiums are even more affordable. The policies can never be canceled as long as you pay premiums. Premiums are intended to remain level and a number of companies have never raised premiums although it could happen but only for a class of people as approved by your state department of insurance.

Plus, most states have partnership plans which provide additional dollar-for-dollar asset protection if you have a partnership LTC policy in place.

Find out now how easy it is to make LTC insurance part of your future retirement plan.

Get your free quotes and learn your options. For FREE QUOTES: www.quoteonltc.com

Visit the Matt McCann website for information on LTC Planning: http://mccannltc.net/

LTC Planning News is an outstanding resource I use for articles, links, videos and more on LTC Planning: http://longtermcareplanningnews.com/

The US Department of Health & Human Services LTC site: http://longtermcare.gov/

The American Association for Long Term Care Insurance (AALTCI): www.aaltci.org

Don’t just let things happen and place the burden of caregiving on your spouse or adult children. That doesn’t work. Nor should you risk your hard earned assets. LTC insurance is affordable and easy … let me help you discover how easy it can be!

http://mccannltc.net/

 

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About Matt McCann

Matt McCann is recognized as a leading Long Term Health Care (LTC) specialist. Since 1998, Matt has been a national leader in finding solutions for the physical, emotional and financial burdens LTC places on American Families. He has been recognized by the American Association for Long Term Care Insurance as one of the top specialists in the country. In 2015 he was listed among the top ten specialists in LTC planning in the nation. He has also worked in sales management for two of the leading organizations marketing LTC products. He served as Director of Business Development for ACSIA LTC and Senior Vice President/Sales for LTC Financial Partners. Many of his agents have been among the top LTC specialists in the industry. Matt's divisions have also led in an innovative webinar approach which allows agents to use screen sharing software so prospects can see the agent's desktop. Matt's proven areas of success include sales coaching, training and motivation in additional to being an experienced LTC specialist. He has produced results in total production, placement rates and lead efficiency. Matt is known for years of experience leading creative efforts for agent meetings and sales promotions which drove results for both agents and consumers. He is now focused on helping consumers find affordable solutions so they can protect their assets and never be a burden on family and loved ones. He specializes in LTCi, Critical Care and Asset Protection products. Matt also coaches individual agents throughout the country helping them improve their processes to help more consumers. Matt is also known as an effective public speaker on LTCi and LTC issues as well as sales motivation. He appears on radio and TV programs and is available for bookings. Because of his schedule an advance notice is always requested. Prior to dedicating his life to LTC, Matt was a well known radio station manager and personality, He worked at radio stations throughout the country He may be best known for as legendary Chicago radio personality Larry Lujack's co-host when Lujack came back out of retirement years ago. Matt can be contacted by email at http://mccannltc.net/ or by phone at 866-751-7957. You can follow Matt on Twitter: @mccannltc - https://twitter.com/mccannltc
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