| Answer Upon |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Insurance > Long Term Care > Is Long Term Care Insurance A Wise Investment? |
|
Answer Upon - Is Long Term Care Insurance A Wise Investment?
Appealing Fundraising Letters Request More than Donations When Asking for Gifts a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives.The last thing you should ask for in a fundraising letter is a donation. You have no business asking for money until you have first persuaded your donor that you deserve her attention, value her time, appreciate her as a person, and want to partner with her in turning the world upside-down. Your donor comes first. Your request comes last. That’s why your fundraising letters need to be appealing in more ways than one.They should appeal to the interests of your donors. Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home How To Subscribe To An iPod iTunes-RSS PODCast Feed One of the most common objections to investing in LTCi is that some folks feel that they will probably never use the policy since they are in pretty good health now, and they don't want to waste money on something that will never actually be put to use.Maybe you have seen a little orange logo for RSS, Atom, or XML feeds for newsreaders. Don't know what a newsreader is? That's another story! There are different versions of the logo out there, so just do a search on PODCast feeds or check out Apple's iTunes website. You can probably use these PODCast feeds with iTunes and your iPod? There's another one especially for PODCasts that is labeled "RSS PODCast". It is "fer sure fer sure" an RSS PODCast feed, but the others may also be feeds for audio or vi So a good question to ask is: What evidence is there that LTCi is a wise and sound investment? To answer that question, consider this: · Would you consider auto liability insurance a wise investment for a person that has assets that need protection? If so, why? Isn't it because a good auto liability policy can help protect against financial ruin in the case of a major accident? Now we aren't talking about minor fender benders here. Even though they can cost a few thousand dollars to repair, the real threat to a person's financial assets would be a major accident where individuals are seriously hurt and may require extremely expensive medical treatment, perhaps even for a long period of time. Such treatment can cost hundreds of thousands of dollars, and so it is clear that a comprehensive auto liability policy can help protect against such a major financial threat. Do you have such an auto insurance policy for each vehicle you own? · Would you consider having a home owners insurance policy a wise investment? If so, why? Isn't it because a good home owners policy can help protect against major damage to your home from fire, flood, and other disasters? Since a person's home is often their most valuable physical asset, it only makes sense to protect yourself against financial ruin that could arise if you had to pay to completely replace your home after a major catastrophe. Such an expense could easily cost hundreds of thousands of dollars. Do you currently have home owners insurance? If you see the wisdom in investing in both an auto and home insurance policy, what are the odds that you will have to use either of them to protect against a major financial threat in your lifetime? One in a hundred? One in fifty? Well, according to the U.S Department of Health and Human Services, the facts are that the odds that a person that is now 65 years of age will need some form of long term care is very significant. Here is a quote from their website: "About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. Over 40 percent will need care in a nursing home for some period of time.....It is difficult to predict how much or what type of care any one person might need. On average, someone age 65 today will need some long-term care services for three years. Service and support needs vary from one person to the next and often change over time. Women need care for longer (on average 3.7 years) than do men (on average 2.2 years). While about one-third of today's 65-year-olds may never need long-term care services, 20 percent of them will need care for more than five years." Since a three year stay in a nursing home fifteen years from now will most likely cost just under a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives. Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home i How the New SEC Regs Affect Compensation Committees r, the real threat to a person's financial assets would be a major accident where individuals are seriously hurt and may require extremely expensive medical treatment, perhaps even for a long period of time. Such treatment can cost hundreds of thousands of dollars, and so it is clear that a comprehensive auto liability policy can help protect against such a major financial threat.An interesting aspect of the proposed new Security & Exchange Commission (SEC) regulations on Executive Compensation relate to the need to supply justification for their decisions (see February 2006 issue for details of the proposed regulation). Currently, most Boards provide a written section, which discusses their general philosophy, such as “providing a total compensation package for executives that is competitive with a group of comparable companies”. In recent public filings, the narrative has Do you have such an auto insurance policy for each vehicle you own? · Would you consider having a home owners insurance policy a wise investment? If so, why? Isn't it because a good home owners policy can help protect against major damage to your home from fire, flood, and other disasters? Since a person's home is often their most valuable physical asset, it only makes sense to protect yourself against financial ruin that could arise if you had to pay to completely replace your home after a major catastrophe. Such an expense could easily cost hundreds of thousands of dollars. Do you currently have home owners insurance? If you see the wisdom in investing in both an auto and home insurance policy, what are the odds that you will have to use either of them to protect against a major financial threat in your lifetime? One in a hundred? One in fifty? Well, according to the U.S Department of Health and Human Services, the facts are that the odds that a person that is now 65 years of age will need some form of long term care is very significant. Here is a quote from their website: "About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. Over 40 percent will need care in a nursing home for some period of time.....It is difficult to predict how much or what type of care any one person might need. On average, someone age 65 today will need some long-term care services for three years. Service and support needs vary from one person to the next and often change over time. Women need care for longer (on average 3.7 years) than do men (on average 2.2 years). While about one-third of today's 65-year-olds may never need long-term care services, 20 percent of them will need care for more than five years." Since a three year stay in a nursing home fifteen years from now will most likely cost just under a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives. Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home Protect Your Identity For Free es sense to protect yourself against financial ruin that could arise if you had to pay to completely replace your home after a major catastrophe. Such an expense could easily cost hundreds of thousands of dollars.There are so many businesses out there that will protect your identity. For a fee.However, you can actually do a better job of it yourself. For free.While some of the steps may seem a little extreme, you need to remember that around 33.4 million Americans have been victims of identity fraud since 1990. You need to take those drastic steps to protect yourself and your family from identity theft.Most people have to start by changing many simple things. The first, and most basic, th Do you currently have home owners insurance? If you see the wisdom in investing in both an auto and home insurance policy, what are the odds that you will have to use either of them to protect against a major financial threat in your lifetime? One in a hundred? One in fifty? Well, according to the U.S Department of Health and Human Services, the facts are that the odds that a person that is now 65 years of age will need some form of long term care is very significant. Here is a quote from their website: "About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. Over 40 percent will need care in a nursing home for some period of time.....It is difficult to predict how much or what type of care any one person might need. On average, someone age 65 today will need some long-term care services for three years. Service and support needs vary from one person to the next and often change over time. Women need care for longer (on average 3.7 years) than do men (on average 2.2 years). While about one-third of today's 65-year-olds may never need long-term care services, 20 percent of them will need care for more than five years." Since a three year stay in a nursing home fifteen years from now will most likely cost just under a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives. Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home Internet Marketing is NOT About Making Money! ls over age 65 will require at least some type of long-term care services during their lifetime. Over 40 percent will need care in a nursing home for some period of time.....It is difficult to predict how much or what type of care any one person might need. On average, someone age 65 today will need some long-term care services for three years. Service and support needs vary from one person to the next and often change over time. Women need care for longer (on average 3.7 years) than do men (on average 2.2 years). While about one-third of today's 65-year-olds may never need long-term care services, 20 percent of them will need care for more than five years."What? Is that heading correct? I thought that is exactly what my efforts in Internet Marketing are for Making Money?There are many types of Internet Marketer online today but I guarantee the most successful do not start out with the thought…“Ok, what can I do to make lots of money?”Some may advise you and I to take this approach -- think of some way to make ‘$1,000.00 in 30 days’ or whatever, but they themselves think longer-term.So whatever you do, whatever online busine Since a three year stay in a nursing home fifteen years from now will most likely cost just under a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives. Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home Can a Personal Bankruptcy Prevent You From Getting a Job? a million dollars for a couple age 65, it can spell financial ruin for many folks who have worked hard to save carefully all their lives.Personal bankruptcy? Kiss your dream job good bye...For quite some time, it's been standard for financial, gaming and government employees to have their credit reports checked by their employers. After all, we don't want criminals working in the government (insert your favorite joke here). But now, the "Credit Police" are infiltrating other industries as well.And what really irks me is, they don't have the guts to just come out and say "We don't want people with bad credit wor Now consider that if you can see the wisdom in investing in auto and home insurance in order to protect your financial plans and goals, doesn't it make sense to complete the circle of financial asset protection by adding long term care insurance, since the odds of your having to use it at some point in your life is so much greater than almost any other kind of insurance you may own? If so, keep in mind that you can't get auto insurance to cover a major accident AFTER the accident has already happened, if you didn't have the insurance beforehand. Likewise, you can't wait to invest in home insurance until your home is actually on fire and burning down, and expect to be covered. In a similar vein, the time to invest in LTCi is when you are healthy enough to be able to qualify and keep the rates low.
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Finding it Difficult to Get That First Job? Try Volunteering Growing the Seeds of Your Business
|