Tom said he doesn't think he'll ever need LTC, so why should he buy a policy?

Tom said he doesn't think he'll ever need LTC, so why should he buy a policy?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 22, 2024 Duration: 11:46
Tom shared that there is dementia in his wife's family but not in his. He wants a policy for her but doesn't think he'll need one. My mom's husband said the same thing several years ago, and now he has dementia, at age 68. She's going to be upset that I am sharing this, but it's so important to consider how your decisions affect your family. You may never need long term care services, but what if you do? Who is going to have to step up and change their lives to help you and for how long? Who is going to decide where you're going to have to live? Who is going to have to sell all your stuff to qualify you for Medicaid? Who is going to sacrifice their future to keep you out of a Medicaid nursing home? All because you never thought you woudl need help someday... There are plans that pay your family back if care is never needed, so why not use some of your money to protect the rest while you're protecting your family from being forced to choose between multiple bad options to meet your needs? Schedule with me to start designing your plan at 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
Question 5 - Are there tax deductions when I own LTC insurance? [not-audio_url] [/not-audio_url]

Duration: 12:01
Estimate LTC premiums here Schedule a meeting with me here Ask a quick question here Listen to more episodes here Learn what your state lets you keep to qualify for Medicaid here Cost of care estimator is here
Question 4 - Can I get money back if I don't need care? [not-audio_url] [/not-audio_url]

Duration: 11:37
There are multiple ways to design LTC plans to get mney back of care isn't needed. Listen to many options today. Part two comes next week. Estimate LTC insurance premiums here: Premium estimator Schedule a meeting with m…
Question 3 - What is an Elimination Period? [not-audio_url] [/not-audio_url]

Duration: 11:21
Estimate LTC insurance premiums here: https://23149698.hs-sites.com/individual-calculator Ask a question here: https://calendly.com/diane-p4t/15min Listen to more podcast episodes here: https://preparingfortomorrow.libsy…
Question 2 - How much insurance do I need? [not-audio_url] [/not-audio_url]

Duration: 11:24
LTC Resources Estimate LTC insurance premiums here https://23149698.hs-sites.com/individual-calculator Ask a question here https://calendly.com/diane-p4t/15min Listen to podcast episodes here https://preparingfortomorrow…
Question 1 - What does LTC insurance pay for? [not-audio_url] [/not-audio_url]

Duration: 10:15
Schedule with me at https://calendly.com/diane-p4t/60min Ask a question at https://calendly.com/diane-p4t/30min Website: https://preparing4tomorrow.com/ Podcast episodes: https://preparingfortomorrow.libsyn.com/ What you…
Reason For The Season - Song for you to enjoy from us [not-audio_url] [/not-audio_url]

Duration: 3:23
We wish everyone a joyful Christmas and holiday season. Celebrate with those near and far, and enjoy all the bountiful gifts of love and family. Open your hearts and love those you love even more this season. Welcome tho…
Notice who is helping who this holiday season [not-audio_url] [/not-audio_url]

Duration: 10:23
As you gather with family and friends this holiday season, I ask you to notice sons and daughters helping their moms and dads perform simple tasks like cutting their food or getting in and out of chairs. Ask yourself and…
2 years ago... [not-audio_url] [/not-audio_url]

Duration: 12:39
Diane shares two client stories and some of her own family's story that have all developed over the last two years. So many people want to wait as long as they can to own LTC insurance, but they fail to understand that h…
Case Study: Joe 71 & Jenny 72 single premium life/LTC hybrid plan [not-audio_url] [/not-audio_url]

Duration: 10:37
This week, we're sharing how Joe & Jenny used a single payment to create a paid up LTC and/or death benefit that pay tax-free when care is needed or when death occurs. This couple is in their 70s and are thankfully healt…