CLEVELAND, Ohio /eNewsChannels/ — NEWS: Looking for a special present for a special woman? “A long-term care protection package may be just the ticket,” says Denise Gott, Executive Vice-President of LTC Financial Partners, LLC (LTCFP). “What else can improve her life more?” Gott asks. “Clothing, a trip, perfume, the latest gadget?”
“Such things may be hard to beat for immediate pleasure, but a long-term care package says you’re behind her for the long haul. What other present can do that?”
“Whatever the instrument,” says Gott, “the idea is the same. Let a woman in your life breathe easier knowing she’s got a way to help pay for care in case of incapacity. She doesn’t have to worry so much about an uncertain future.”
An LTC package can be an especially good present for a woman, for two reasons:
First, women tend to live longer than men. According to the U.S. Department of Health and Human Services, women need care a full year and a half longer than men: 3.7 years versus 2.2 for men, on average. “So when they need care, they need a lot more of it, and they need it when there may be no man around,” says Gott. “Having an LTC package in place counters one of their biggest worries.”
Second, LTC insurance (the first package option) may never be as affordable for a woman as it is now. “Since women live longer than men and tend to need care longer,” says Gott, “carriers have been subsidizing them, so to speak, in effect giving them up to an extra year and a half of care for free.” This is changing. Genworth, John Hancock, and Transamerica have already introduced gender-based pricing in several states; and other carriers are expected to follow suit. “This time next year, rates could be double digits higher for many policies.”
An LTC protection package can also benefit a woman when it’s a gift to someone else. Why? “When there is no plan in place, females tend to be the default caregivers,” says Gott. “So when a woman’s spouse, dad, or mom gets protected, it’s an indirect gift to her too; she can stop worrying so much about having to disrupt her life to tend them. What a relief, knowing you don’t have to spend your days helping them eat, move around, or bathe.”
The “package” can take many forms:
* Long-term care insurance,
* An annuity,
* Life insurance with an LTC rider,
* A reverse mortgage, and/or
* Critical illness insurance.
Information on package options is available from the following LTCFP solution experts:
CA: Phyllis Solgere
CA: Sarah Fisher
CA: Petra Petry
CA: Art Neibrief
CT: Larry Golfin
CT: Steve Foss
CT: Leonard Wik
FL: George Braddock
FL: Janet Washburn
GA: Belen Hickman
GA: Amy Pollock
ID: Linda Hicks
IL: Robin Frank
IN: Kirk Bennett
MI: Tom Varner
MN: Jennifer Ragborg
MO: Wendy Rinehart
MO: Keith Eisberg
NE: Larry Heinert
NE: Larry Neuwirth
NJ: Michael B. FitzPatrick
NJ: Richard Landau
NJ: James Cundari
NY: Steve Brefere
NY: Virginia Lee Kintz
NY: Sheila White
NY: Jennifer Lenihan
NY: Susan Lenihan
NY: Jay Charno
NY: Gene Cutler
NY: Michael Robinson
NY: Ronald Brie
NY: Dana Dee
NY: Ray Donnelly
NY: Peter Molnar
OH: Thomas Hodges
OH: John Cullen
OH: Pattianne Baran
OH: Brenda Gray
OR: Diane Steeves
PA: Kevin Bressler
PA: Cathy Allen
SC: Madeline Wade
TN: Mark Wardell
TX: Bill Holland
TX: Kay Nettles
TX: Kat Roebuck
TX: Kim Beckham
VA: Linda Sotirion
VA: George Polizos
VA: Patricia O’Neill
VA: Michael Zuchowski
VT: Tod Warner
WA: Christine Khemis
WA: Lucille Smith.
About LTC Financial Partners, LLC:
LTCFP – http://www.ltcfp.com/ – is one of America’s largest and most experienced long-term care insurance agencies providing a variety of LTC solutions. The company serves employee groups and associations as well as individuals. The solution experts are led by Mark Goldberg, National Sales Manager.
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