When you reach the age of 50, you probably feel like you get bombarded with retirement planning advise. Some of the advice is sound, while other things you hear sound too good to be true.
Generally, if it seems too good to be true, it probably is.
"There are no 'get rich quick’ schemes,” said Matt McCann, a leading expert on long-term care planning and an LTC Insurance specialist. “The same goes for when you are being told there is a way to avoid planning for the financial costs and burdens of aging. Longevity needs to be planned, and long-term care is a cash flow issue, but it’s more than just a cash flow issue. Long-term care is a family issue. You need a solid plan before your health changes as you get older.”
McCann says some schemes tell consumers they can hide assets and qualify for Medicaid's Long-Term Care benefit. Federal law prohibits hiding assets to be eligible for Medicaid. It is unlawful to give away your assets to qualify for Medicaid.
"Affordable LTC Insurance gives you access to guaranteed tax-free benefits that can be used for quality care at home or in a facility. With a policy in place, your family will never have to be burdened with being your future caregiver. You can also safeguard savings and income, protecting your lifestyle and legacy," McCann explained.
Some life insurance policies are marketed as long-term care solutions.
"Many policies that insurance agents recommend are not true Hybrid Long-Term Care Insurance. You want to make sure you discuss those products with an experienced specialist to make sure you select the right one and not make a mistake. For most people, a traditional LTC policy is the most affordable and have the biggest benefit for extended care," McCann said.
Partnership LTC policies are offered in 45 states to provide dollar-for-dollar asset protection.
"Partnership LTC Insurance is one of the best kept secrets in retirement planning. Even a small plan provides substantial asset protection," McCann said.
Learn more about Partnership LTC Insurance and the current and future cost of care services by visiting McCann’s informational website at www.mccannltc.net.
McCann is licensed in all 50 states and the District of Columbia. He represents all the major brands in long-term care planning. His unique process allows you to speak with him on the phone, view his computer screen, allowing you to get educated about options, research, and shop safely and easily. He recommends starting your research in your 40s or 50s when you still enjoy good health.
Get free and accurate quotes from all the top companies by visiting www.takechargeltc.com
"LTC Insurance is easy, affordable, and rate stable income and asset protection," McCann said.
McCann Insurance Services: 866.751.7957: www.mccannltc.net