Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

long term care insurance

Do You Have a Long Term Care Plan?

Do you have a plan for your long-term care when you become a senior? When the time comes and it finally becomes harder for you to perform daily activities on your own, it is important to know what you want to do. Will you move in with children or other relatives? Hire a caregiver to come to your home? Move to an assisted living facility? Go it alone for as long as possible? Whatever your decision it is important to understand the full physical, financial, and emotional impact on yourself and your loved ones.

Centered and Resolute

My inbox recently displayed the subject line, “The Center of Your Celebrations”. No, it wasn’t about the matriarch or patriarch at your holiday dinners. Or even the newest member of the family.

The Gift of Choice – and Long Term Care

As we open up holiday cards and presents, as fun and festive as they are, it is also good to reflect on how the value of these items pale in comparison to the more meaningful gifts that life offers. Gifts such as spending time with friends and loved ones.

Halloween and the Genworth Financial Cost of Care Survey

 

For 16 years, Genworth Financial has been producing what is considered the gold standard report on the cost of long term care. Other surveys have come and gone, but this one has remained the same. 

The Definitive Annual Survey on Long Term Care Insurance

It is my pleasure to report highlights from the 2019 Milliman Long Term Care Insurance Survey, which was published in the July 2019 issue of Broker World magazine. This gold standard report for agents has been published for 21 consecutive years and focuses on stand-alone long term care insurance.

Retirement Mistakes and Long Term Care

The Motley Fool recently published an article entitled “4 Retirement Mistakes You Can't Afford to Make,” with a subtitle warning: “Take steps to avoid these.“

And—as if you weren’t already motivated to read

Not Just Asset Protection: How Private Long Term Care Can Protect Against Abuse

It’s horrible in the abstract. Yet it’s even worse when it’s reported at a facility you know. The topic: elder abuse at the hands of professional caregivers.

Wage Inflation and Long Term Care Planning

Today’s long term care insurance buyers have enjoyed a sustained multi-year period of low inflation. I say "enjoyed" because today’s buyers are normally pre-retirement, and therefore value low mortgage and interest rates more than their retired counterparts.

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