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March 23, 2010 by Abe Glickman

Long Term Care Insurance Helps Leave a Legacy

To create an effective estate plan, there must be an estate to plan.

Experienced financial advisors have traditionally emphasized tax consequences, financial factors and

their client’s testamentary intent in designing an estate plan. Few give similar

consideration to the cost of Long-Term Health Care and its potential for decimating acquired wealth.

Thus, by the time the individual has died, it may we be that little or no estate remains because the funds have been consumed by the cost of nursing home care or extensive paid care at home.

 A year of care at a high quality nursing home or three shifts of qualified home

care health workers per day can amount to well over $100,000 annually – per spouse.

Assume that both husband and wife need care, and that care is required for 3 years by one

spouse and for 7 years by the other. In such a case, it is clear that even an estate well over

$1 million will be much smaller (if any exists at all) by the time the disappointed heirs inherit it.

Today, there are several ways to prevent depletion of an estate. Chief among them is Long-Term Care Insurance.

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Abe Glickman, LTCA, LTCP

Member: AALTCI, NAHU, NAIFA, SOA

Abe Glickman Insurance Group

Toll-Free Phone: 877-298-5824

Email: AG@AbeGlickman.com

“It is better to create a plan 10 years too

soon than one day too late.”

“Protect your assets instead of leaving a

bankrupted legacy”

Questions or Comments? Give me a call!

Articles to come:

 “The Role of Insurance”

“What is Long-Term Care”

‘The Impact of Medicare and Medicaid”

“Partnership Long-Term Care Insurance”

Filed Under: Long Term Care Examples Tagged With: LTCi

Long Term Care Policies Will Soon Cost More For Women

April 8, 2013 By Abe Glickman

Long Term Care Policies Will Soon Cost More For Women The gender gap is about to get a little wider as the formerly egalitarian Long Term Care insurance market starts charging higher prices for women. While life insurance has long been priced by sex, companies that provide Long Term care insurance (LTCI), mainly used to […]

Breaking Down The Long Term Care Claim In Numbers

October 1, 2012 By Abe Glickman

Breaking Down the Long Term Care Claim In Numbers Now that Long Term Care Insurance has been around for a while, sufficient data has been accumulated so that we have a good grasp on claims. The industry is paying a very large amount of dollars in claims – some $6.6 billion in benefits was paid […]

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May 7, 2010 By Abe Glickman

Don’t Have Long Term Care…Uh-Oh

March 28, 2011 By Abe Glickman

Don’t Have Long-Term Care Insurance…Uh-Oh None of us need another bill to pay, but not having this protection could and will destroy your finances long before you’re old and will eliminate your legacy to your children and grandchildren. Many people are counting on the government, our children or our own savings to take care of […]

LTC Misconceptions

May 23, 2010 By Abe Glickman

Misconception #1: It won’t happen to me. LTC By The Numbers One in Two – Americans will need Long-Term Care at some point in their life. Long-Term Care Your Financial Planning Guide 2003  65 year olds – can expect to need an average of 3 years of formal and informal long-term care, and 20% can expect […]

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Company Profile

Abe Glickman, LTCA, LTCP
Member: AALTCI, NAHU, NAIFA, SOA
Abe Glickman Insurance Group
Toll-Free Phone: 877-298-5824
Email: AG@AbeGlickman.com
“It is better to create a plan 10 years too soon than one day too late.”
Questions or Comments? Give me a call!

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