Dec 22, 2021
This week, I want to thank all our listeners for your support and especially for the great questions you asked all year long. It's because of you that this podcast is helping families to learn how to prepare for the enormous risk of needing extended care from an accident or illness, or when we simply live long enough...
Dec 14, 2021
This week, Diane shares that assets don't pay for LTC needs; income pays this as LTC services create a bill, or invoice that must be paid weekly or monthly. If we don't have enough income, we need to sell assets to create income. Diane shares some of the financial consequences when we rapidly start selling assets to...
Dec 8, 2021
This week, Diane discusses why covering the "average" 2.5 year LTC need may not be enough to protect your family. 500,000 families will be hit by Alzheimer's disease in the next 12 months, turning their whole family upside downin an instant. People with Alzheimer's live anywhere between 3-11 years, and sometimes for...
Nov 17, 2021
Kim in California wants to know how long premiums will need to be paid on a LTC policy. You decide that, based on what your income and asset levels are today and will be throughout retirement. Some plans use lifetime premiums, while others offer shortened pay and single deposit options. Which is right for you? When...
Nov 10, 2021
This week, Susan in Minnesota wants to know how the Alternate Plan of Care clause works in a long term care policy. Diane first shares what a Plan of Care is and then shares some examples of when the alternate plan of care clause helps both the carriers and the policy holders. Some contracts include this clause and...