Ask Me How To…

I’ve always been a big fan of those many “How To” books and articles floating around. I like the idea of learning from others on how to do certain tasks, using their experiance and knowledge to save me time and mistakes. I’m also a big fan of “Paying it Forward”… passing on something in the hope it gets passed on to others. Today, I’d like to combine the “How To” and the “Paying it Forward” to give you some ideas on how to get the best value in Long Term Care Planning.

Having been in the Insurance Business for about 30 years and working specifically in Long Term Care Planning for about 25, I’ve had a good opportunity to see the many options available for providing protection against Long Term Costs whether that may be Nursing Homes, Assisted Living Facilities or Home Health Care. I’m firmly convinced that ASSET BASED LTC (ABLTC) is one of the best ways to provide this needed protection. ABLTC is simply using Life Insurance or Annuity based Long Term Care products to provide the protection needed, offer guaranteed premiums that can never increase, provide benefits even if protection is never needed, allow for Single Premium or pay as you go plans and in some cases offer lifetime coverage.

Based on that… Ask Me How To…
-Get LTC benefits out of a cash value life insurance policy…
-Get LTC benefits out of an Annuity, income tax free…
-Get LTC benefits by using your IRA or 401k funds…
-Eliminate rate increases Forever…
-Eliminate ongoing premiums entirely…
-Turn an Annuity on one person into LTC protection on two…
-Get LTC benefits and save on taxes at the same time…
-Use just about any type of Asset to fund ABLTC…

We don’t have enough room here to discuss each of these in detail but all these options are available to you. I’ve always told clients and agents that there are two decisions here to make. The first one is do you like this concept? The idea of a WIN-WIN approach where if you don’t use the benefits, they get passed on to your heirs and you never have to worry about potential rate increases down the road. If you like this concept, then the second decision is how do you want to pay for it? Single premium or pay as you go? Use your CD, Annuity, Life Insurance policy or IRA/401k money? If you like the concept, there is a way to pay for it. Just depends on your situation on what is right for you. So if any of these ideas appeal to you, please contact me at mwcaslin@msn.com or call me at 309-297-0296. I’d be happy to discuss the ideas with you. If you were referred to this post by another agent, please contact them.

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About Mike Caslin

Been in the Insurance Business approximately 30 years and specialize in finding "Alternative Solutions for Long Term Care Planning." This is primarily using Life and Annuity based Long Term Care products where if you don't use them, the benefits get passed on to your heirs. A WIN-WIN solution to Long Term Care Planning. Former Captain in the U.S. Marine Corps.
This entry was posted in Life Insurance, Long Term Care, Long Term Care Planning, Uncategorized and tagged , , , , . Bookmark the permalink.

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