KIRKLAND, Wash., July 17 Kiplinger's Retirement Planning2008, published in the Fall issue of Kiplinger's Personal Finance, includesthis advice for seekers of long term care insurance: "TIP // For help findinga policy, check out LTC Financial Partners (http://www.ltcfp.com);866-471-4072, which includes brokers throughout the U.S. ..." A comparable"tip" was offered in the 2007 issue of the Kiplinger's guide.
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*(Photo Caption: Jonas Roeser, LTC Financial Senior Vice President ofMarketing & Operations)
"We're honored to be singled out the second year in a row," says JonasRoeser, Senior Vice President of Marketing & Operations of LTC FinancialPartners LLC (LTCFP), one of the nation's most experienced long term careinsurance agencies. "So we're priming our agents to answer the importantissues raised by Kiplinger's." Those issues include --
-- How to get a lower-cost policy without losing important benefits."Today, depending on your age and health, you can get a policy for $2,000 orless a year," says Roeser, "but you need to make sure it covers everything youwant."
-- How to use the insurance to shelter your life savings. "As Kiplinger'spoints out, long term care expenses can eat up your assets if you're notinsured," says Roeser. "So if you have a modest or sizeable estate, LTCinsurance can be invaluable. But you need to take some extra steps. Animportant one, if you're in a state with a long-term-care partnership program,is to secure a state-approved policy. This can protect thousands to hundredsof thousands of dollars in the event you exhaust your LTC policy benefits.That means you can qualify for Medicaid and keep the protected amount." Allstates are empowered by the Deficit Reduction Act of 2005 to establishpartnership programs; about half are in the process or doing so or alreadyhave programs in place.
-- How to get a group discount on your policy. "As Kiplinger's points out,your employer may be able to get you a discount of up to 10%," says Roeser."What most people don't know is that there are ways to get the group discounteven if you're retired from your company, or even if your employer does notcurrently sponsor a long term care group plan." Roeser's organization offers aspecial program for companies and other organizations, called the Long TermCare Outreach and Education Program (LTCOEP(TM)).
-- How to avoid rate hikes and secure inflation protection. "You want yourpremium payments to remain stable, not suddenly shoot up," says Roeser. "Andyou want your benefits to increase with the cost of living. The way to do thisis to choose a policy with an inflation protection clause, from a very soundcarrier."
These issues and other questions will be answered free by LTCFP's 530-plusagents, licensed in all states. They may be contacted at http://www.ltcfp.comor 866-471-4072.
All trademarks acknowledged.
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SOURCE LTC Financial Partners