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When is it not a good idea to buy LTC insurance?

When is it not a good idea to buy LTC insurance?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 20, 2026 Duration: 14:20
Preparing For Tomorrow podcast
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This week, Diane shares some situations when LTC insurance may not be the answer for a family. It's clear that if Diane and her husband had listened to this advice 25 years ago, they would not own LTC insurance today, and they would not be approved by almost every company that offers these plans if they were looking for answers today. To be clear, this is not all or nothing. There are always circumstances that could alter these points. The important thing to know is that, when it IS appropriate to transfer some of your risk to insurance, do it as soon as you can to obtain the lowest total premiums paid and to potentially receive good health discounts. View current and projected costs of care at https://www.carescout.com/cost-of-care and please use the 4% or 5% inflation growth when viewing future costs. If we think LTC inflation will be lower than that, we're lying to ourselves. Then schedule a free, no obligation consult with Diane to learn how you can transfer some of your risk 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: 50

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Podcast Episodes
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