Baygroup Blog
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I find that the greater a person’s understanding is about exactly what long term care insurance can and cannot do, the more likely they are to clearly see its benefits.
Long term care (LTC) insurance pays a monetary amount for covered care when the insured either needs assistance with defined activities of daily living and/or has met the policy’s definition of cognitive impairment.
If there’s a silver lining to the pandemic we’re all living through, it’s the spotlight on long term care. Families with loved ones in senior care homes, whether assisted living units, nursing homes, or other facilities, were confronted right from the start with difficulties previously not considered.
Once a year I report highlights from the annual “Milliman Long Term Care Insurance Survey”—and right on schedule, the latest survey has just been published in the July 2021
Perhaps because this year our summer holidays have coincided with a marked reduction in the number of pandemic cases and deaths, those special days now seem more celebratory than ever:
Mother’s Day
Memorial Day
There’s a reason why most purchasers of long term care insurance are individuals who’ve gone through a caregiving experience.
In addition to keeping on top of developments in long term care insurance, an insurance agent must keep abreast of care options. After all, most people who engage in long term care planning have at least some kind of care in mind when they consider long term care insurance.
The birds are chirping and spring is in the air. Time for a deep clean, and let the sun shine in!
Whether we’re discussing retirement planning, long term care providers, or life in general, management matters—and so does risk. Let’s consider a caregiving organization.
