...Long Term Care Insurance...

Financial planning covers three phases:

Wealth Accumulation - Income, Savings & Investment.

Wealth Preservation - Hanging on to what you have.

Wealth Distribution - Giving it to heirs & charity.

Long Term Care insurance should be part of the middle phase of your financial planning - preserving your wealth/assets.

Planning involves four areas:

1. Needs assessment

2. Consideration of options

3. Analysis and selection of appropriate vehicles to accomplish goals

4. Implementation of the plan.

You must first decide if you can afford to purchase and continue to pay for Long Term Care insurance. You can do this by yourself or with the help of your financial planner. We personally think that anyone who can afford to pay for LTCi should get it and keep it, even the very wealthy (it only makes financial sense). However, in the end, the decision will be yours alone.

Once you decide that Long Term Care insurance is what you want, then you will want to speak with an licensed LTCi broker so that you can consider your options, make a selection c.

Professional Planning & Development Needed

LTC plans should be developed under the professional scrutiny of an experienced, independent, consulting broker for best results. (Note: Use a "broker" who represents MANY companies, not a "captive agent" representing only one company.)

LTC insurance is complex. Products vary widely. Policy options multiply and laws change relatively often. It takes a dedicated professional specialist to stay abreast of developments in order to assist clients to select the best plan from the many companies in the LTCi marketplace.

Few people understand the intricacies and variety of LTC insurance. This includes your accountant, banker, your securities rep or even your financial planner. Although there are some financial planners who sell Long Term Care insurance (another way for them to make money), they do not specialize in LTCi and, therefore, do not have the knowledge or expertise of an experienced LTCi broker.

On Generic "Professional" Advice:

Accountants, bankers, life insurance agents, attorneys, trust officers and financial advisors simply cannot stay abreast of the latest, detailed developments in the field of long term care insurance. Even if they are licensed to sell Long Term Care insurance, they often know just enough to be dangerous to your interests, however well-intentioned they may be.

Needless to say, taking LTCi advice from your friends, neighbors, family or financial based TV or radio shows could be disastrous ... Many people have opinions or anecdotal experience, but you would be unwise to develop lifelong financial plans based on the hearsay and rumor of lay persons.

We also take this opportunity to caution you against taking advice from magazine articles or any media advisor. Responsible journalists recommend you work with a reliable broker, either in person or by phone, mail and the Internet.

Getting the right advice, you can SAVE THOUSANDS of dollars each and every year! So, you'll want to research and buy your LTCi through an objective advisor who specializes in Long Term Care insurance. Together, you determine the most appropriate strategy BEFORE you take ANY action. This way, you will be doing your best to protect your assets.

Warning: One strategy does not fit everyone, and your optimal strategy must be custom fit to your individual financial and health situation. To get LTCi decision assitance, contact your Buyer's Advocate now.

BOTTOM LINE: Connect with a reputable LTCi broker to work toward a mature solution that fits your unique circumstances. Then rest easy. Contact your Buyer's Advocate now.