Paying for Long Term Care

May 10, 2017

A recent study from Fidelity found that the average couple will have to pay around $130,000 for long term care expenses in their retirement. On top of that, an average of 70% of people age 65 and up will require long term care during their lifetime.  We’ll take a small pause here so you can go breath slowly into a paper bag…

Now, some of your clients might say, “I don’t need to worry about that with Medicaid.” That’s a common misconception. Although Medicaid will cover the first 100 days of nursing-home care, it will not cover the majority of other expenses because they are not medical treatments. It also won’t go in effect for your client unless they are below an income threshold determined by their state. Long story short, don’t let your clients rely on Medicaid for long term care expenses.

A more viable option to cover these types of expenses is life insurance that allows clients to access funding from their death benefit. Another method is to purchase a policy that builds cash value over time in order to pay for their care in the future. To discuss the options we can offer your clients, feel free to reach out at 800.290.7226.


long term care header.jpg




Category List


Tag List

life 101 (2)
PIA (2)
Life Insurance Evaluation (8)
networking (1)
MAC (4)
Insurance (21)
Premium Finance (5)
Legacy Planning (1)
Additional Earning (1)
Life Insurance Brokers (6)
Annuity Update Show (11)
earning opportunities (1)
2019 (1)
Content Building (2)
permanent life insurance (4)
leads (6)
consumer marketing (8)
resources (2)
virtual sales (3)
Roth (1)
MAC App Feature (1)
key person (1)
Compliance (1)
Video On-Demand (2)
Gift (1)
Inflation (1)
Annuity (3)
PBR (1)
Tax Benefits (2)
Donation (1)
business owners (4)
sales presentations (2)
Clients (2)
Charity (2)
Brand Values (1)
Featured MAC App (2)
E-App (1)
Executive Bonus Arrangement (1)
Income (1)
Index Universal Life (1)
Brokers (2)
Market (1)
life insurance quotes (1)
case studies (3)
LifeBrain (1)
FIA (1)
Life Insurance (96)
Pitch (1)
Investments (2)
BlackRock (1)
RMD (1)
business (1)
Legacy (1)
Long-Term Care Awareness Month (1)
Retirement ACE (1)
Beneficiary (2)
Brokers Alliance (8)
Social Media (8)
quoting (1)
Baby Boomers (1)
savings (1)
Health Care (2)
analysis (1)
estate planning (2)
Breast Cancer Research (1)
term (6)
Life Quotes (4)
Variable Annuities (1)
Media (2)
business owner solutions (1)
premium deposit account (1)
gul (4)
guaranteed universal life (1)
hiring (6)
business planning (6)
Fixed Annuities (9)
buy sell agreement (1)
Income Planning Academy (1)
Indexed Annuity (3)
Benefits (1)
Training Event (1)
Millennials (6)
Retirement Planning (24)
selling (1)
Financial (4)
life insurance awareness (1)
Required Minimum Distribution (1)
Life Insurance Trends (21)
Facebook (2)
life happens (1)
social security (2)
advanced markets (1)
Life Insurance Update Show (9)
Gender Gap (1)
Quotes (1)
Hybrid Products (1)
presentations (3)
Webinar (4)
Retirement Strategy (4)
Asset-Based LTC (1)
training (9)
Interest Rates (1)
Financial Legacy (6)
Death Benefit (2)
Healthy Living (1)
Advice (1)
final expense (1)
Mobile App (1)
business solutions (4)
life concepts (1)
Star Wars (1)
Illustrations (1)
advanced planning (2)
Annuities (36)
Sales Concepts (18)
Social Optimization (3)
living benefits (8)
Financial Planning (20)
Best Rates (1)
online resources (1)
Generation Y (1)
funeral (1)
injury (1)
Life Insurance Broker (15)
tools (2)
DOL (2)
Leaderboard (1)
Waste Management Open (1)
myAdvisorCloud (4)
guarantee (1)
illness (1)
Universal Life Insurance (4)
PPC (2)
review (2)
Alternatives (5)
indexed universal life (2)
Charitable Giving (3)
Cash Value (1)
industry trends (1)
Protection (2)
Deferred Fixed Annuities (2)
Marketing (14)
Product Updates (1)
products (5)
Brokers Alliance Open (1)
Sales (25)
Prospecting (6)
IUL (15)
Breast Cancer Awareness Month (5)
IRA (1)
Fixed Indexed Annuities (2)
CSO (1)
Life Insurance Check Up (7)
Production (1)
non-med (3)
Life Insurance Awareness Month (6)
sales kit (2)
Long Term Care (5)
underwriting (1)
agent resources (1)
Economy (1)
Alternative Investments (2)
MYGA (10)
Quoting Tools (1)
Retirement (13)
Annuity Concepts (13)
march madness (1)
private pension funding (1)
rates (1)
digital tools (1)
Looking Forward, Giving Back (1)
Retirement Investment (3)
Tips (4)
Immediate Fixed Annuities (1)
term life (10)
trends (1)
Market Exposure (1)
end of year (1)

Tag Cloud

life insurance quotesUniversal Life InsuranceproductsLife InsuranceProduct UpdatesTax BenefitsunderwritingLife Insurance Brokersbusiness solutionsend of yearMAC App FeatureLife Insurance BrokerBrokers Alliance OpenRetirementTipsMarketingPremium FinanceImmediate Fixed AnnuitiesRetirement StrategyBlackRockRMDStar WarsBeneficiaryQuoting ToolsVideo On-DemandFacebookRequired Minimum Distributionsales presentationssellingterm lifeinjuryillnessearning opportunitiesBreast Cancer ResearchDonationprivate pension fundingFixed Annuitiessocial securityBrokersProspectingAnnuitiesExecutive Bonus ArrangementBrand ValuesRetirement ACEadvanced marketsCharitable GivingContent BuildingProtectionCharitytrendslife happensMarketFinancial Planningvirtual salesIndexed AnnuityMillennialsresourcesPitchguaranteed universal lifeInsurancebusiness owner solutionsCSORothQuotesbusiness planningInvestmentsbusinessDeferred Fixed Annuitiesdigital toolscase studiesE-AppBrokers AllianceLong Term CareRetirement Planningmarch madnessAdviceHealthy Livingbusiness ownersguaranteeonline resourcesPPCtoolskey personGender GapSalesRetirement InvestmentLife Insurance Check UpSocial Mediaquotinglife 101PBRGeneration YLooking Forward, Giving BackFIAlife conceptsMediaLife Insurance TrendsPIAFinancial LegacyLong-Term Care Awareness MonthProductionWebinarIllustrationsconsumer marketingagent resourcesSocial OptimizationmyAdvisorCloudAsset-Based LTCbuy sell agreementMYGAAdditional EarningLife Insurance Evaluationadvanced planningFixed Indexed AnnuitiesTraining Eventindexed universal lifeSales ConceptspresentationsClientspermanent life insuranceBest RatesComplianceEconomyBreast Cancer Awareness MonthIndex Universal Lifenon-medLife QuotesIncomeAlternativesBenefitstrainingLife Insurance Update ShowFinancialFeatured MAC AppLifeBrainInterest RatesnetworkinghiringVariable AnnuitiesDOLAnnuityDeath BenefitInflationIncome Planning AcademyLegacy PlanningMobile Appleads2019Alternative InvestmentsHybrid ProductsLife Insurance Awareness MonthfuneralAnnuity Update Showindustry trendsWaste Management Openlife insurance awarenesstermanalysisLegacyliving benefitsestate planningBaby BoomersgulHealth CareLeaderboardratesIULAnnuity ConceptsCash ValueMACMarket Exposuresales kitfinal expensepremium deposit accountGiftsavingsreviewIRA


Archive