Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Long Term Care Insurance Forum

Reply to Has anyone Considered Other Alternatives Besides LTC Insurance??     
Old 06-27-2017, 09:17 AM   #1
New Member
 
Join Date: Jun 2017
Posts:2
State: Nursinghomeshield is an Insurance Agent from
Has anyone Considered Other Alternatives Besides LTC Insurance?? Has anyone Considered Other Alternatives Besides LTC Insurance??
To be honest with you I am actually curious if people have used other means than LTC insurance to pay for nursing homes or in home care?

I am a web developer and have been building something for one of my clients that seems like a practical solution. However not sure if this is even considered
an option for most, or do people really not know they can protect their assets in other ways?

From what I have gathered during (LTC is a new world to me) is that his method is to re position your current assets prior the need for care if it even happens rather than paying years of LTC insurance you may never use and never see the money again. Where as this method would allow you to leave assets to your heirs is you ended up not needing LTC in your life time.

Like I said I do no know much about LTC, however when building this site it really opened my eyes to something really worth thinking about early in life.

If any one would like the link to the video that explains his strategy just let me know and I would be happy to send it over.

Thanks for your input in advance!

Tanner
------------------------------------

Last edited by Nursinghomeshield; 06-27-2017 at 09:18 AM. Reason: spelling
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??

Old 06-27-2017, 01:53 PM   #2
Guru
 
Join Date: Nov 2008
Posts:1,851
State: Mr_Ed is an Insurance Agent from New Jersey
Mr_Ed is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
Originally Posted by Nursinghomeshield View Post
To be honest with you I am actually curious if people have used other means than LTC insurance to pay for nursing homes or in home care?

I am a web developer and have been building something for one of my clients that seems like a practical solution. However not sure if this is even considered
an option for most, or do people really not know they can protect their assets in other ways?

From what I have gathered during (LTC is a new world to me) is that his method is to re position your current assets prior the need for care if it even happens rather than paying years of LTC insurance you may never use and never see the money again. Where as this method would allow you to leave assets to your heirs is you ended up not needing LTC in your life time.

Like I said I do no know much about LTC, however when building this site it really opened my eyes to something really worth thinking about early in life.

If any one would like the link to the video that explains his strategy just let me know and I would be happy to send it over.

Thanks for your input in advance!

Tanner

what are the disadvantages of this strategy?
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-27-2017, 03:38 PM   #3
Guru
ltcadviser on Has anyone Considered Other Alternatives Besides LTC Insurance??
 
Join Date: Nov 2008
Posts:1,744
State: ltcadviser is an Insurance Agent from Undisclosed Location
ltcadviser is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
Originally Posted by Mr_Ed View Post
what are the disadvantages of this strategy?
Yes, inquiring minds want to know 😬
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 08:02 AM   #4
New Member
 
Join Date: Jun 2017
Posts:2
State: Nursinghomeshield is an Insurance Agent from
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance?? Nursinghomeshield is the thread starter for: Has anyone Considered Other Alternatives Besides LTC Insurance??

Thank you Mr_ED and LTCadviser for reading my post.

When I was building the page and video for my client I did not really see any disadvantages other than it seems to be a strategy for individuals with a net worth of $500k or more.

I am not sure I can post a link on here right now as it keeps giving me an error. however the site with the video is nursinghomeshield.com

Like I stated previously I am not going to pretend like I know a thing about long term care, as I truly dont! However while building this for him it sparked my interest.
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 09:08 AM   #5
Guru
ltcadviser on Has anyone Considered Other Alternatives Besides LTC Insurance??
 
Join Date: Nov 2008
Posts:1,744
State: ltcadviser is an Insurance Agent from Undisclosed Location
ltcadviser is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
Tanner, LTC insurance is also purchased with asset repositioning.
With LTC insurance, you may receive care in your home and in private pay community care and assisted living settings. Without insurance, if you want your care to be paid for by Medicaid you will have to reside in a Medicaid nursing facilty. Many people with $500000-$5,000,000 of assets prefer to not receive Medicaid. Not everyone is looking to ride the public transportation. Some people buy cars. I did.

Disclosure: I have not watched your video nor have I visited your website. So, I do not know what you are marketing.
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 01:01 PM   #7
Guru
 
Join Date: Nov 2009
Posts:583
State: yankee466 is an Insurance Agent from Georgia
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
and you really believe that Tanner is clueless?
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 05:21 PM   #8
Guru
 
Join Date: May 2007
Posts:1,891
State: bluemarlin08 is an Insurance Agent from Undisclosed Location
bluemarlin08 is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
Are you kidding with that handle? Giving away assets so one can voluntarily receive Medicaid. Most every case I have seen as been pushed by the kids so they don't have to pay for the parents care in a better setting. Medicaid is a safety net for the poor, sadly it is being manipulated IMO. Hope you get paid well for participating in this "fraud".
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 06:45 PM   #9
Guru
CALTCAgent on Has anyone Considered Other Alternatives Besides LTC Insurance??
 
Join Date: Aug 2009
Posts:2,017
State: CALTCAgent is an Insurance Agent from California
CALTCAgent is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
I watched the video, this is not medicaid planning.

1 to 3 financial leverage. That only leaves 1 product. I hope he is selling face to face, as that is the requirement for this product.
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Old 06-28-2017, 07:10 PM   #10
Guru
 
Join Date: May 2007
Posts:1,891
State: bluemarlin08 is an Insurance Agent from Undisclosed Location
bluemarlin08 is a member of 1000 posts VIP club
Has anyone Considered Other Alternatives Besides LTC Insurance?? Re: Has anyone Considered Other Alternatives Besides LTC Insurance??
My apologies, my comments were before I found the video. Obviously about hybrid policies and very well done. Wish I could use that video.
------------------------------------
  Reply With Quote to Has anyone Considered Other Alternatives Besides LTC Insurance??
Reply to Has anyone Considered Other Alternatives Besides LTC Insurance?? 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Long Term Care Insurance Forum




Similar Threads with Has anyone Considered Other Alternatives Besides LTC Insurance??
Thread Thread Starter Forum Replies Last Post
Reasons Why A Client Should Use You Instead of Purchasing Directly Trough the Company coveragepoint Getting Started Selling Insurance 61 06-09-2017 03:43 PM
Presenting Life W/LTC Rider Along-side a Traditional LTC Contract CFP83 Long Term Care Insurance Forum 15 05-27-2014 02:50 PM
The Medicaid Long-Term Care Reform Act of 2012 Arthur Rudnick Long Term Care Insurance Forum 2 10-09-2012 10:35 AM
Fewer Americans Plan For LTC Arthur Rudnick Long Term Care Insurance Forum 49 01-21-2012 10:16 AM



All times are GMT -5. The time now is 05:17 PM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed