http://www.billboersmaonlifeinsurance.info/archives/138#utm_source=feed&utm_medium=feed&utm_campaign=feed Fee Based Life Insurance Consulting Thu, 04 Aug 2011 19:31:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.billboersmaonlifeinsurance.info/archives/138/comment-page-1#comment-39 Barbara Griffin Tue, 02 Feb 2010 21:40:49 +0000 http://www.billboersmaonlifeinsurance.info/?p=138#comment-39 I agree that these policies really are attractive to clients who don't like the idea of paying for the insurance and potentially never using it. It isn't easy to compare the two because traditional LTC ins. usually has an inflation rider and so can be worth a lot more by the time it is used but on the other hand, having something go to heirs is important to many people. We've had many clients over the years watch their parents go through all of their money to cover assisted living and nursing home costs, so some type of protection sure gives the family peace of mind! I agree that these policies really are attractive to clients who don’t like the idea of paying for the insurance and potentially never using it. It isn’t easy to compare the two because traditional LTC ins. usually has an inflation rider and so can be worth a lot more by the time it is used but on the other hand, having something go to heirs is important to many people. We’ve had many clients over the years watch their parents go through all of their money to cover assisted living and nursing home costs, so some type of protection sure gives the family peace of mind!

]]> http://www.billboersmaonlifeinsurance.info/archives/138/comment-page-1#comment-38 Carl W. Dufendach Fri, 29 Jan 2010 15:13:09 +0000 http://www.billboersmaonlifeinsurance.info/?p=138#comment-38 I can see the reasons this would resonate with clients. My recollection is that the likelihood of needing long term care for actually a long term is quite low, but if it happens, the expenses can be quite high. Very few of my clients actually purchase long term care insurance, but this might be something that appeals. One wonders about the comparison of this with pulling out cash value of a more traditional policy. Even if you exceed basis, the medical expense deductions will generally take care of the income tax. I can see the reasons this would resonate with clients. My recollection is that the likelihood of needing long term care for actually a long term is quite low, but if it happens, the expenses can be quite high. Very few of my clients actually purchase long term care insurance, but this might be something that appeals. One wonders about the comparison of this with pulling out cash value of a more traditional policy. Even if you exceed basis, the medical expense deductions will generally take care of the income tax.

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