Asset-Based Long-Term Care Planning Solutions 

Planning for future Long-Term Care (LTC) needs once meant buying traditional LTC insurance; with “use or lose it” benefits and little cost certainty.  Today, however, “Asset-Based” solutions combine the best of annuities or life insurance and Long-Term Care insurance.  With the evolution of financial planning, a comprehensive plan should include an LTC planning component and these solutions are quickly becoming an excellent option. 

To ensure maximum planning flexibility and multi-generational financial security, it’s time to consider all of the advantages Asset-Based LTC solutions offer; including:

Cost Certainty:   Asset-Based solutions allow an LTC plan to be funded with a guaranteed premium; which mean you will never have any future increases to the cost of your plan.

Ultimate Flexibility:   Asset-Based planning solutions may be designed to provide for LTC benefits and Income Options while alive, and may include residual death benefits as well.

Maintain Control:   Asset-Based solutions provide the ability to maintain control over the assets in the plan and guarantee those funds are returned if LTC is never needed or the plan is terminated.

Asset Efficiency:  These solutions ensure that plan dollars are working efficiently; creating an environment where it’s possible to achieve multiple goals with one financial instrument.

Inflation Protection:   Healthcare costs continue to increase every year, and plan options can provide the ability to mitigate the risk of those rising costs.

Maintain Independence:   The vast majority of those in need of LTC are receiving care in the home, and Asset-Based solutions offer liberal access to benefits without a lengthy waiting period. 

Flexible Plan Design:   With numerous options for the length of a plan, today’s Asset-Based solutions can provide the ability to pre-plan for the number of years plan benefits will last.

Cost Savings:   Plan costs can be reduced with a healthy lifestyle or inclusion of a spouse/partner.

Ease Family Burdens:   Care Coordination Services are often included in plan designs to help families cope with the emotional, physical and financial strain associated with loved ones experiencing LTC needs.

An “Asset-Based” solution may be an excellent option for your LTC Planning needs.