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Reasons for Long Term Care Insurance? Beaufort SC

More so perhaps than many other insurances, you'll have to know what kind of person you are (for instance, you are okay with being taken care of by strangers) and what the needs of your family are. And since this insurance gets more expensive over time, you'll need to think about it long before the need arises.

Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Martin Shapiro
2435 E. North Street
Greenville, SC
Service
Fee-Only Comprehensive Financial Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal

Data Provided by:
Justin Grau
424 Old Cherokee Road
Lexington, SC
Type
Investment Advisor Rep: Yes
Education
BS In Nuclear Science and Technology
Years Experience
Years Experience: 3
Service
Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Portfolio Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances

Data Provided by:
Discount Dental Services
(800) 515-7401
123 Street
Charleston, SC
 
HealthMarkets
(864) 294-0314
250 S. Pleasantburg Dr.
Greenville, SC
 
USA Benefits Group
(877) 219-0936
27 Pelican Circle
Beaufort, SC
 
Don May
80 LADIES ISLAND DR SUITE F
Beaufort, SC
Company
Company: LPL FINANCIAL
Service
High Yield Bank Accounts,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning,401k Rollover

Data Provided by:
Insure Carolina Group
(803) 750-7185
326 Massingale Rd.
Columbia, SC
 
USA Benefits Group
(877) 219-0936
27 Pelican Circle
Beaufort, SC
 
Lowcountry Insurance Associates
(843) 478-2662
15 A Gamecock Ave.
Charleston, SC
 
Data Provided by:

Reasons for Long Term Care Insurance?

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What are the Reasons for Long Term Care Insurance?

Long-term care insurance is not for everyone. You should be looking at your financial situation, your likelihood to need such care (which is increasing all the time as we live longer) and also whether this kind of care solution works for your family.

Some families could not imagine having anyone other than a family member caring for one of their own. In this case, long-term care insurance is not a good buy.

On the other hand, if you live far from family and you have a busy household and working spouse, this type of insurance could be exactly what you'd need in a crisis.

More so perhaps than many other insurances, you'll have to know what kind of person you are (for instance, you are okay with being taken care of by strangers) and what the needs of your family are. And since this insurance gets more expensive over time, you'll need to think about it long before the need arises.

  1. You want to retain your assets as a legacy for your loved ones, rather than exhausting your estate paying for care.
  2. You believe that the odds are high that you'll need long-term care at some point (perhaps because of the longevity of your family line).
  3. You can't count on Medicaid new rules are making it harder and harder to qualify, and you are definitely in the middle income brackets.
  4. You want to be able to take advantage of a potential tax deduction for your premiums which can be another benefit for a middle to higher inco...

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