long term care insurance options Archives - Spencer Insurance Agency Inc.

Understanding Long-Term Care Insurance: A Vital Investment for the Future

In today’s world, where life expectancy is increasing and healthcare costs are rising, planning for long-term care is a critical aspect of financial well-being. Long-term care insurance is a specialized policy designed to provide coverage for extended care services, offering individuals peace of mind and protection against the potentially overwhelming costs associated with chronic illnesses, […]

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Tips for Long-Term Care Insurance Planning

General / Charlie Spencer

Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility. Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with

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Is Long Term Care Insurance right for you?

Featured / Charlie Spencer

In less than 10 years, all of the nearly 70 million baby boomers will have reached the age of 65. As this massive generation starts to reach an age where extended care is needed, how will families shoulder the cost. Long-term care insurance (LTCI) can be an integral part of any family’s plan no

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Is Long Term Care Insurance right for me?

Featured / Charlie Spencer

October is Long Term Care Insurance Awareness Month. Traditional long term care (LTC) insurance policies have become less popular as the renewal cost rose each year making them unaffordable in many cases. When LTC insurance policies were first introduced there was not much data on claims so a lot of assumptions were used. As

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Is Long Term Care Insurance right for you?

Featured / Charlie Spencer

Is Long Term Care Insurance right for you? You need to ask that question. Well tax day, April 15, 2019, is behind us now. Taxes are paid or you received an extension. Taxes are bittersweet. They take money out of our pockets but yet provide much needed services. I don’t have a problem paying my

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What is the #1 threat to your retirement savings?

Featured / Charlie Spencer

Even if you are in your thirties or forties you need to pay attention to this article. Your future retirement assets are at risk too. You insure your homes yet there is only a 1 in 300 chance of a house fire. You insure your cars and yet there is only a 1 in

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Want to protect your retirement assets from the #1 threat?

Featured / Charlie Spencer

You have worked all your life to accumulate a nice nest egg. Don’t let long term care expenses wipe out your nest egg in a few years! Did you know. . . · Chance of a house fire is 1 in 300 · Chance of an auto accident is 1 in

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Unsure about Long Term Care Insurance?

Featured / Charlie Spencer

According to Medicare, at least 70% of people over 65 will need long-term care services at some point. Long-term care includes medical and non-medical care for people who have a chronic illness or disability. Non-medical care includes non-skilled personal care assistance, like help with everyday activities, including dressing, bathing, and using the bathroom. Check out

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November is Long Term Care Insurance Awareness Month

Featured / Charlie Spencer

We all insure or homes. Did you know the chance of a house fire is 1 in 300? We all insure our cars. Did you know the chance of an auto accident is 1 in 30? Do you insure your retirement assets? Probably not but you spend a lifetime building these assets. Did you know

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Can you be forced to pay Mom or Dad’s Nursing Home Bill?

Value Added Services / Charlie Spencer

This may not be as unlikely as you think! A recent article in Forbes highlighted this issue. To view the entire article goes to: http://www.forbes.com/sites/northwesternmutual/2014/02/03/who-will-pay-for-moms-or-dads-nursing-home-bill-filial-support-laws-and-long-term-care/. One of the byproducts of new medical technology is longer life expectancies. In the past a stroke, heart attack or cancer may have killed us. Now with new medical

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long term care insurance options

Understanding Long-Term Care Insurance: A Vital Investment for the Future

Tips for Long-Term Care Insurance Planning

Is Long Term Care Insurance right for you?

Is Long Term Care Insurance right for me?

Is Long Term Care Insurance right for you?

What is the #1 threat to your retirement savings?

Want to protect your retirement assets from the #1 threat?

Unsure about Long Term Care Insurance?

November is Long Term Care Insurance Awareness Month

Can you be forced to pay Mom or Dad’s Nursing Home Bill?

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