I’m joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we discuss the basics of long-term care insurance and the Long-Term Care Partnership Program.

More specifically, Eileen and I discuss:

• Why should you consider long-term care insurance?
• What does long-term care insurance pay for?
• Common types of long-term care insurance policies
• Cost and benefit considerations of long-term care insurance
• Long-Term Care Partnership Programs
• Taxation of long-term care benefits

Resources:

• Retired-ish Newsletter Sign-Up
• Free 4-Step Retirement Analysis for Ages 50+
• Ask Cameron A Question!

LPL Financial and Planable Wealth are not affiliated with or endorsed by Eileen Dunn or Mutual of Omaha.

Key moments in this episode are:


00:01:31 - Need for Long-term Care Services


00:05:43 - What is Long-term Care Insurance?


00:08:07 - Importance of Work-Life Balance


00:10:38 - The Cost of Long-term Care


00:15:15 - Long Term Care Insurance Policies with Life Insurance Riders


00:17:23 - Benefits of Long Term Care Policies


00:19:20 - Reimbursement vs. Indemnity


00:22:32 - Planning for the Unexpected


00:25:41 - Tax Implications of Long Term Care Insurance


00:29:35 - The Importance of Long Term Care Insurance


00:30:06 - Best Age to Buy Long Term Care Insurance


00:35:26 - The Long Term Care Partnership Program


00:39:42 - Resources for Learning More About the Partnership Program


00:41:04 - Conclusion and Future Episode Preview


00:44:28 - The Role of Diversification in Investments


00:43:15 - The Importance of Risk Management