How to Simplify Long Term Care Insurance Choices and Cut Through the Mind-Boggling Complexity..

Decision paralysis, pure and simple. That’s why many Americans fail to buy long term care insurance, and boy are they ever sorry. These are the conclusions of a study commissioned by the AARP Public Policy Institute.

Folks simply throw up their hands like children and do nothing when faced with complexity that confounds even most experts: Myriad policy choices from dozens of carriers that can use different terms and definitions, regulations that vary from state to state; Plus waiting periods, deductibles, duration of benefits and inflation protection. It’s no wonder we need the Buyer’s Advocate Alliance.

Says Clay Cotton of www.PrepSmart.com, “It’s like you know you have to buy a first aid kit, but the store has hundreds to choose from. So you put off the buying decision, and then there’s a horrible accident.” Cotton applauds the new AARP study, and he offers us sensible tips for “picking the right first aid kit” in time.

1. Involve financial advisors. “Finally, folks are starting to realize that long term care insurance is a fundamental element in common sense estate and financial planning, especially for women” says Cotton. “Without this insurance protection, you put your whole nest egg at risk, not just your lifestyle.” The Buyer’s Advocates are our nation’s top long term care insurance experts. Calling upon them can ease your policy selection. Supplemental advisors to contact can include bankers, estate planners, accountants, elder law attorneys. They are not experts in LTCi, but they do know how this coverage will support your financial plan.

2. Rely on an experienced, knowledgeable, independent expert. Choosing among hundreds of fire extinguishers gets a lot easier when there’s a person nearby who knows the types, makers’ reputations, and so forth,” says Cotton. However, beware of LTCi sales agents who represent a only one, single carrier rather than several, and thereby lack the broad long term care insurance experience of an independent broker like your Buyer’s Advocate. “This field is so complex that you clearly need someone who’s not only objective, unbiased and impartial, but who has focused on this specialty for a long time.”

It’s a smart move, and now it’s easy, too. CLICK HERE NOW for your FREE, rate comparison quote report.

Technorati Tags: long term care, insurance, financial, financial planning, insurance, nest egg, risk, financial plan