Tuesday, June 19, 2012

Long Term Care Is all About the Family

Long term care is not only about the person needing care it is also about the family. LTC can take a huge toll on family - their way of living and financially because families are typically the ones who are responsible for providing the care physically and financially. Long term care insurance doesn't necessarily have to replace a family member from providing care but it can help, it can allow for the loved one to be cared for longer, better and with more dignity. Long term care insurance can be one of the biggest demands on a loved ones standard of living, it can help protect you by:

-Help relieve the financial burden on your family
-Help by paying the family caregiver
-Helps maintain financial independence
-Helps keep your savings and retirement

Plan today for your long term care future, it is a precious gift you can give to your family! Visit www.ltcinsurancethatmatters.com for more information.

Tuesday, June 5, 2012

Genworth Hybrid/Single Premium Long-Term Care Insurance Product

Genworth offers a hybrid/single premium long-term care insurance policy called Total Living Coverage (TLC), this product offers a different approach on retirement planning with combining a universal life insurance policy with long-term care insurance benefits. It offers "1 Smart Move, 3 Distinct Options" -

-Care if Covered - on average 6 times the premiums. If you have a LTC event, Total Living Coverage leverages the initial premium to pay for the expenses.
-Life is Covered - on average 2 times the premiums. If you don't need LTC benefits, Total Living Coverage pays an income tax-free death benefit to the beneficiary.
-Decisions are Covered - no regrets! If you change your mind and do not want the policy before the 15the 15th year is up, you will back at least your initial premium (less any benefits paid).

You might be wondering if a Hybrid long-term care insurance policy is for you. The typical buyer is retired or close to retirement, having assets more than $300,000 and they are self insuring the risk of needing long-term care. TLC will help cover long-term care benefits, help protect beneficiaries with an income tax-free benefit and it will free up assets. Coverage is customizable and provides certain guarantees! To learn more about Genworth single premium TLC visit www.ltcinsurancethatmatters.com.