30-Minute Thursday # 3 - Long-Term Care
Have you considered how much it may cost to pay for Long-Term Care in retirement? In this video, both Mike and Seth give an in-depth look at what Long-Term Care is, why you may need it and which option could be best for you.
Sources: Michael Sears 03:28 "What Is The Lifetime Risk Of Needing And Receiving Long-Term Services And Supports?". ASPE, 2021, https://aspe.hhs.gov/basic-report/what-lifetime-risk-needing-and-receiving-long-term-services-and-supports. Accessed 3 June 2021.
"Long-Term Support And Services". Aarp.Org, 2017, https://www.aarp.org/content/dam/aarp/ppi/2017-01/Fact%20Sheet%20Long-Term%20Support%20and%20Services.pdf. Accessed 3 June 2021.
Michael Sears 06:05 "Long-Term Care Insurance Statistics Data Facts 2020". Aaltci.Org, 2021, https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2020.php. Accessed 3 June 2021.
Michael Sears 06:39 "SNF Care Past 100 Days - Medicare Interactive". Medicare Interactive, 2021, https://www.medicareinteractive.org/get-answers/medicare-covered-services/skilled-nursing-facility-snf-services/snf-care-past-100-days. Accessed 3 June 2021.
"Median Cost Of Nursing Home, Assisted Living, & Home Care | Genworth". Genworth.Com, 2020, https://www.genworth.com/aging-and-you/finances/cost-of-care/cost-of-care-trends-and-insights.html. Accessed 3 June 2021.
Michael Sears 24:00 "Long-Term Care Insurance Statistics Data Facts 2020". Aaltci.Org, 2021, https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2020.php. Accessed 3 June 2021.
Seth Morris 24:36 “Percentage of 2019 Applicants DECLINED By The Insurance Company.” American Association for Long-Term Care Insurance, American Association for Long-Term Care Insurance, 2019, www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2019.php#2019buyerages.
Sears Wealth Management is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Sears Wealth Management are not affiliated companies. All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Hypothetical example has been provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individuals situation. Life insurance policies are contracts between your client and an insurance company. Life insurance product guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Life insurance policies are not FDIC Insured. Living benefits are available in the form of accelerated death benefits. These benefits are NOT a replacement for long term care (LTC) insurance. Living benefits and LTC riders are not available on all index universal life products and may not be available in all states. Addition of an accelerated death benefit or LTC rider may require an additional fee. Accelerated death benefits and LTC riders are subject to eligibility requirements. The information and opinions in these videos are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Advisors Excel. They are given for informational purposes only and are not a solicitation to buy or sell the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice to meet the particular needs of an individual's situation. 00941688 06/21
