Understanding Long-Term Care: Costs, Insurance Options, and Planning for Dignity in Aging скачать в хорошем качестве

Understanding Long-Term Care: Costs, Insurance Options, and Planning for Dignity in Aging

Join Betty as she sits down with long-term care (LTC) insurance specialist Theresa Klewsaat to explore the critical realities of long-term care planning. From understanding rising costs to navigating insurance options, this conversation provides essential insights for anyone thinking about maintaining independence and dignity while aging. Theresa breaks down the complexities of LTC insurance, explaining policy features, underwriting processes, and timing considerations that can make all the difference in your family's financial future. TIME STAMPS: [3:41] Evolution of LTC Insurance Traditional vs. hybrid policies Why hybrids are popular [14:11] LTC Coverage How claims are triggered Implications of policies [21:51] Planning for LTC Insurance Best age to purchase insurance Cost differences for policies [36:00] Family Dynamics Impact of family dispersion Planning for independence in aging [38:12] Insurance Application Process The LTC insurance application The underwriting process KEY TAKEAWAYS: ✅ Overview of long-term care (LTC) - Understand why long term care insurance is important as you age ✅ LTC Costs - Understand current LTC service costs and their trajectory, plus how these expenses can impact family wealth and dynamics ✅ Different insurance policies - Discover the details of traditional and hybrid insurance policies along with their features ✅ Wealth preservation for families - Learn how LTC policies protect family assets while reducing caregiver burden on loved ones. ✅ The underwriting process - Gain clarity on the application and approval process to improve your chances of securing coverage GUEST INFO: Theresa Klewsaat, Long Term Care Insurance Website https://www.ryan-insurance.net/ RESOURCES: Join Betty in a free consultation call for your financial goals https://calendly.com/bwfinancial/30min Subscribe to the Betty's Smart Friends YouTube Channel UC2Qr3J5la6MnzPPDx7YcZ5A Follow us on Instagram   / bettyfinancial   Visit my website for more info https://bwfinancialplanning.com/servi... Follow us on LinkedIn   / betty-wang-cfp%c2%ae-ricp%c2%ae-986a30108   Please see website for important disclosures: https://bwfinancialplanning.com/discl...