Do You Need Long Term Care Insurance?

By
Real Estate Services with Think Glink Media

When most of us think about our final years, we consider our life insurance policy and whether it would be enough to protect our families. But what about costs related to hospice care, in-home nursing, or assisted living? 

My colleague Linda Rey has written a very informative blog post on long term care insurance, including what it covers, and who can most benefit from the policy.

It may not be for everyone, but some of the benefits of having long term care insurance include:

  • Receiving tax-free money when you get sick
  • Avoiding spending your whole life savings on medical care
  • Claiming tax deductions on premiums paid
  • Preserving your dignity
  • Saving family members the burden of caring for you
For more information, check out Linda's full blog at http://insurance.equifax.com/2011/01/do-i-need-long-term-care-insurance.html.

 

 

Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tshirt to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Groups:
Addicted to Active Rain
Almost Anything Goes
Be The Best In Your Field
Dedicated Bloggers
Tags:
insurance
long term care insurance
elderly
elder care
aging
assisted living
hospice
retirement
nursing homes

Comments 1 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
164,559
Diane Osowiecki
Greater Nashville Real Estate
Diane O and Friends - Benchmark Realty

There are some very good plans out there even available for those with pre-exisitng conditions.

January 27, 2011 09:56 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
362,582

Ilyce Glink

Best-selling author, award-winning TV/radio host.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: