They said I was too big to qualify for LTC insurance.  What can I do to protect my family?

They said I was too big to qualify for LTC insurance. What can I do to protect my family?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC June 26, 2024 Duration: 10:36
Alicia's insurance agent told her she was too short for her weight and no LTC insurance can be offered to her. Turns out that agent only represented one company. Other companies will consider her build (height/weight). Many people are either very small or very big. There are alternative solutions to planning for future care needs that can help those outside of the weight limits of most companies. Some companies don't ask about build or health at all, while some have more lenient health requirements than others. If you've been told you can't qualify for LTC insurance, it is wise to ask for a second opinion. Reach out to me to ask what else can be offered to help you protect your family, assets and choices https://calendly.com/diane-p4t/30min

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
Start Young & Get it Done Part 2 [not-audio_url] [/not-audio_url]

Duration: 11:30
This week, we look at premiums of traditional, stand-alone LTC plans. Diane shares a plan that her clients designed 10 years ago when they were 49 and compares that to the same plan for a 49 year old couple today, a 59 y…
Start Young & Get it Done! [not-audio_url] [/not-audio_url]

Duration: 11:59
This week, Diane compares 10 year hybrid Life/LTC plans with 10 year paid up funding for a couple age 50, age 60, and age 70 to share why it's so much better for everyone when we plan early. Even though we don't want to…
Who's your quarterback?  What's your defense? [not-audio_url] [/not-audio_url]

Duration: 9:23
It's football season! This week, Diane compares football to LTC planning. Every team needs a quarterback, position players and a strong defense. We also need depth - a back up plan in case something or someone isn't the…
Less healthy?  Less Wealthy?  Less Young?  There are plans for you [not-audio_url] [/not-audio_url]

Duration: 8:59
So many people want a long term care plan with all the bells and whistles. They want a plan that will pay for everything that could ever happen. These plans are often priced higher than a budget allows. Why do people sta…
Just keep throwing seeds [not-audio_url] [/not-audio_url]

Duration: 11:16
This week, Diane uses the Parable of the Sower to share different reactions to LTC planning that occur in the United States. Are you the hard soil? The rocky soil? The thorny soil? The fertile soil? After listening, you…
Questions that must be asked if you're told to self fund LTC needs [not-audio_url] [/not-audio_url]

Duration: 11:20
Many have been advised by a financial planner, estate planning attorney or other professional that they have enough assets to "self-insure" future LTC needs. The question is not "can I afford it?" but "Is this the best u…
LTC in Europe [not-audio_url] [/not-audio_url]

Duration: 12:31
This week, I'm sharing what I learned about public LTC funding in Germany and how it's managed. Their national/local public funding initiative is alreaday underfunded by taxes, and the aging population there is expected…
When Health Interrupts Our Plans [not-audio_url] [/not-audio_url]

Duration: 32:14
This is an episode from 2020 when I interviewed my travel advisor about COVID or other family health issues interrupting travel plans. He created the best 25th anniversary trip to Europe we could have imagined! Contact h…
Which kind of plan is right for me? [not-audio_url] [/not-audio_url]

Duration: 16:25
This week, we're describing who may consider different types of LTC planning strategies and why. Stand-alone/traditional LTC vs. Hybrid Life/LTC vs. Hybrid Annuity/LTC. All provide tax-free benefits for extended care nee…