Question 8 - How long will I need to pay my LTC premiums?

Question 8 - How long will I need to pay my LTC premiums?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC March 6, 2025 Duration: 11:56
Would you rather pay $145,000 or $245,000 in total premiums to have $1,300,000 in long term care benefits at age 85? When we pay our premiums over a shorter number of years, we almost always pay less than if we pay a smaller rate for the rest of our lives. It's important to understand the big picture of both physical and financial health when designing a plan. If I don't ask questions, I won't know if there is a way to pay $100,000 less for the same benefits. Estimate recurring LTC premiums here Schedule 15 minutes to ask a question here Learn how much income and assets your state Medicaid system lets you keep here Listen to more episodes here Learn current and projected LTC costs of home care, assisted living and nursing homes where you live here Schedule to design your plan here

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

Preparing For Tomorrow podcast
Podcast Episodes
Please share this with someone you love [not-audio_url] [/not-audio_url]

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Duration: 15:28
Hello to all our new and returning listeners! Because we've had a large increase in listeners, I thought I'd share what we discuss during our initial consultation (which costs you only time). It's good for long time list…
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Duration: 11:57
Because we have so many new listeners, we decided to get back to the basics of long term care and LTC insurance. The best starting point is to learn current and future costs of home care, assisted living, and nursing hom…
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Duration: 10:41
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Duration: 1:21
We recorded "It Came Upon a Midnight Clear" along with a few other classics about 15 years ago. My husband, Paul, is the guitar master, and I am playing flute. Please enjoy, and share with those you care about most as yo…
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Duration: 17:43
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Duration: 15:10
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Duration: 17:33
Diane received an email this week from a long time listener who received a notice of a 301% rate increase request from his LTC insurance company. This episode discusses the process of requesting and seeking approval for…