long term care insurance quotes questions

Q and A on Long Term Care Insurance quotes we sent:

Wow what a big package!  Yes I saw the long term care insurance quotes, and I looked through the materials.

I am interested in long term care.  Since it is a major investment I would like to know what it buys when I pick one of the long term care insurance quotes you presented.

About a year ago I looked into John Hancock long term care insurance quotes in some detail.  What I liked was that they got involved in making a plan for care.  That plan was devised from the beginning, before any 90 or whatever day waiting period went by.  It seems like if I am incapacitated, that help would be very valuable.

It also seemed that you could buy a policy for a fixed number of years, say three years, and if you didn’t use all of the coverage in that time, they would continue to pay until the amount of your coverage was spent or until death.  That seemed to be a positive part of their offering.  Also, if I needed coverage for a year or two ten years from now due to an accident or illness from which I recover, they would cover me if I satisfied the conditions, and coverage would stop if I improved, and then later, coverage would continue if I again satisfied the requirements.  That was a positive part of their long term care insurance quotes offering.

Another thing I liked about their long term care insurance quotes is they had an option for automatic 5% per year coverage increase.  In twenty to thirty years, care will cost double or triple what it costs now.  Overall, it seemed like it would make sense to buy a policy with something like a 90 day waiting period to keep costs down, and buy an affordable amount of coverage with the automatic inflation protection.

A negative of their plans was that you have to send in a bill to get reimbursed for every episode of covered care.  This seems like a big hassle for somebody who is so incapacitated that they need care.  I have heard there are plans that pay out a lump sum when the insured satisfies the criteria for needing long term care.

Among the long term care insurance quotes you sent, I think I saw a couple with the fixed inflation protection as an option.  Do you know what plan or plans is most aligned with the aspects that I like as noted above?



LTC Tree:

Hi Chris, I’m glad you found the package in good order.  All of the companies we sent work the same way in that they will pay benefits once the elimination period is satisfied and you just have to meet it once in a lifetime.  The benefits are also pooled meaning at the end of the third year on claims of your three year benefit period  plan if there is money still left ion your policy you can use it until it runs out.


We ran these long term care insurance quotes with the 3% compound growth inflation protection rider because we’ve been in such a low interest rate environment for so long.  Plus, the insurance companies are now charging double in the long term care insurance quotes for the 5% comp rider compared to when you looked at it a few years ago.


You do have to submit receipts to be reimbursed but there is also an option to have the insurance company pay the assisted living facility or home health care agency directly so you don’t have to mess with the bills.

As far as the lump sum plans there are hybrid life/ltc insurance plans where you put in say $10,000 for ten years and the thing is paid off.  Then if you need care by age ninety you’d have about four times what you put in to pay for care, if you died and never used it about four times would go back to the family and a cash out value where you could simply take it all out and do what you want with the money.  Maybe 25% of our clients will choose this option but the rest still go with the traditional plans we sent.  We can email you info on this if you like so just let me know.


I think Transamerica or Mutual of Omaha’s long term care insurance quotes be spot on match what you are looking for.

If you are reading this and want to get your own long term care insurance quotes mailed out to you, maybe try us out by visiting our site:




Dying Slowly in America

I was reading through a press release from the Center for American Progress and I they had some really interesting thoughts on health care in the age of the senior boom. The baby- boom generation has had a dramatic impact on every age bracket that they have reached and they will continue to change the way we see the world as they reach old age. The Center for American Progress has a plan for taking care of this population, but there are so many variables as we look at a rapidly increasing aging population and a rapidly changing medical system. So how will we care for this most populous generation as they age?

Will the government take care of me?

Don’t bank on it. The Center for American Progress is looking for a melding of public plans and private insurance to provide for the Long Term Care needs of the boomers. However, the boomers make up a large percentage of the tax base. Right now in their working years, the income tax they generate is paying a large portion of the costs associated with government health plans. To increase the scope of these plans seems highly improbable at a time when the 1 in 5 Americans will be of retirement age. The government will of course be providing some type of care, but it is hard to imagine lumping more costs onto an already over taxed group of programs.

A great deal of the care that the boomers will need is going to be assisted living services and nursing home care. The best possible solution for this generational change will be for people to turn to private insurance. The center is right that the future will involve a melding of public and private insurances to care for the aging population, but people will need to buy into Long Term Care insurance as a necessity of the modern medical system. Many baby-boomers are already paying into Long Term Care policies, but there are many people who need to look seriously at the medical reality of the senior boom.

If you are a couple, flip a coin

The Department of US Health and Human services found that once a person makes it to 65 years old they then will have about a 50% chance in needing care. If you are married than the stats say that either you or your spouse will need care. There are long term care insurance shared care plans available so that if one spouse dies and never needs care, all their benefits transfer to the surviving spouses’ plan. This ensure that if you are the person of the two that needs care you’ll be taken care of no matter what life throws at you.

It is going to be very interesting to see what happens as 8000 Americans a year enter nursing homes or assisted living situations. The generation that brought us the sexual revolution and redefined what it meant to be a teenager is now facing retirement and old age, and we are all waiting to see how they revolutionize it. It is impossible to know how things are going to change over the course of your life time, you just have to make sure that you are prepared for life’s challenges.

Why listening to AM radio should be a daily habit

Even before the Internet became popular and smartphones became ubiquitous, one tool has been dependable for getting information, receiving news, and being entertained.

The humble radio has been a pivotal part of mankind’s history, and even in the modern age it still remains important. Nowadays, many people can get by with listening to the radio without actually having the physical component. They can simply use their phones to tap into the AM and FM signals and get connected.

However, for many other people the radio is still quite indispensable. It can provide crucial information in times of need, such as in disasters or in extraordinary circumstances when it is not possible to receive news through the television or through the Internet. With enough batteries, a radio can be a vital lifesaving piece of equipment.

While most people would probably prefer tuning in to FM radio for their daily dose of music, do not be so quick to overlook its AM counterpart. There are many benefits of tuning into AM radio as well.

1. Wherever you are in the world — even in the remotest of places — AM radio signals are fairly easy to detect. Initially developed for telephone communication, AM radio has a narrower bandwidth than FM radio and it also has wider coverage. This means that AM radio signals can be transmitted over long distances.

Because it has a lower bandwidth, you can usually find more stations available, such as every 10 kilohertz. In general, AM radio has a range of 535 to 1705 kHZ.

The obvious downside here is that AM radio usually has poorer sound quality when compared with FM, which is why you will usually find more music stations on the FM frequency. However, the ability of AM radio to be transmitted over longer distances is a definite upside, and for radio operators, it’s cheaper too.

2. Most news programs and commentary shows can be found on AM radio. Before heading to work, make sure to check in on your local AM station for the latest news. You might find out about a traffic jam that you could easily avoid. It’s very easy and accessible to have the information you need — just turn on the car radio!

It will also even make your mornings productive, because you get to catch up with the current issues of the day while you are driving to work or on your commute.

3. In times of disaster, the AM radio is absolutely beneficial. What do you do when power’s gone out, there’s no Internet connection, and all you’ve got is a working radio? The AM radio can be a godsend — it can provide you news and information on rescue and relief efforts, and tell you all the crucial information you need to know. This is particularly useful to those living in countries where radio is still widely used to disseminate information, thanks to its wider reach that easily trumps both television and the Internet.

4. You’ll be entertained too. Who says only news shows are left on AM radio? You’ll find music here too; so the AM radio can provide you with both news and entertainment, without having to flick the switch.

5. You’ll be in a good mood. According to a Jacobs Media survey, in which 78,000 radio listeners from the United States and Canada were surveyed, 40% reported that they get into a better mood when they listen to the radio. For them, it’s the most important reason for tuning in. It helps them escape the everyday pressure of life and at the same time, provides them company.

So whenever you are feeling down, in need of some news and entertainment, or just a bit of company, turn on your AM radio, and you’ll be glad you did.