The Weirdest Word in Long Term Care Insurance

Every industry has its jargon. Whether it’s an IPO, a URL, SEO, if you don’t know the acronym you can be left scratching your head. It doesn’t just apply to acronyms. Often there are words or terms that are used that seem to make no sense.   In the LTC (that’s Long...

2016 Tax Deductions for LTC Insurance

            If you have long term care insurance, you may be able to deduct some or all of your premiums. The Feds recently announced the amount of a long term care insurance premium that can be deducted as a medical expense for 2016. The amounts are as follows:...

How Tracking Hurricane Joaquin is like Long Term Care Planning

I went to Virginia Beach for a wedding this weekend. When we left Asheville on Thursday afternoon, it was still very unclear what direction Hurricane Joaquin was headed. It was a Category 4 storm and some of the models had it headed directly for Virginia Beach. It’s...

Queen Latifah and Long Term Care

I swear that I do NOT watch Entertainment Tonight on a regular basis. In fact, I would guess that I see that show about five times a year. But it is a guilty little pleasure when I do see it…kind of like reading People Magazine. But I did see the show recently and...

What Are the Options if a Long Term Care Insurance Policy Lapses?

I recently gave a presentation to a group of approximately 30 professional advisors at a “lunch and learn” offered by our local Community Foundation. One of the attorneys present asked about options for her client who developed dementia and had not been paying bills...

What if I Have Long Term Care Insurance and Never Need Care?

I am frequently asked “what if I have long term care insurance and never need care?” Think about that. Think about the purpose of any type of insurance. Yes, with life insurance you know that at some point that policy is going to pay out a death benefit. But I don’t...