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Archive Earlier eNews-letters & articles AALTCI American Association for Long Term Care Insurance
CLTC Corp. for Long Term Care Certification
Disclaimer: This eNewsletter and all links to other sources should not be construed as tax or legal advice because it is not either. Raymond Smith, The Long Term Care Specialist, does not give legal or tax advice. Consult your tax advisor or attorney for these matters.
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My children are getting older, but I am not (at least that is what I would like to think). This month's featured article talks about how being concerned about our parents' safety is often seen as an attempt at taking away their independence.
The second article highlights the requirement to qualify medically before being permitted to purchase long term care insurance.
Thank you for reading. As always, your comments are encouraged and welcomed.
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Taking the Car Keys & Other Indignities
We start out as infants totally dependent upon adults for our very survival. As time goes by, we gradually become more independent. We learn how to walk, tie our own shoe laces, interact socially, and then, in what seems like the blink of an eye, we learn to drive a car. I remember the first time my son picked me up at the Denver Airport after I returned home from a business trip. "Where is Mom? How did you get here?" I asked.
As we move into adulthood we make our own decisions (mostly) about careers, who to marry, where to live, how to raise our children, how to spend our money, and everything else. Then we watch as our parents become older. Soon we start worrying about...Read More
Money Doesn't Buy Long Term Care Insurance...Your Good Health Does
Regardless of how much you may be willing to pay for long term care insurance, no company will sell it to you unless you qualify medically. The following is a sampling of uninsurable health conditions taken from one carrier's actual underwriting  guide:
Using Adult Day Care within the past 6 months, AIDS, a history of alcoholism with any current alcohol use, ALS (Lou Gehrig's Disease), Alzheimer's, in an Assisted Living Facility within the past 6 months, Chron's Disease with complications or multiple flares, COPD (Chronic Obstructive Pulmonary Disease) combined with tobacco...Read More
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A plan to pay for Long Term Care services is not a financial plan. But a financial plan that does not address long term care can not be a complete financial plan. |
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Sincerely,
Ray Smith
Raymond Smith, CLU, CLTC, MBA
The Long Term Care Specialist
303-699-4172
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© Raymond Smith, The Long Term Care Specialist, 2014
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