One other thing most care facilities want 6 months fees up front before they will admit you. Lots of seniors use up theirs saving before they claim their long term insurance and then its too late. With the policy my friend has when he applies at care facilities they want him to apply for medicaid and sell his home. Also most insurance companies can raise their rates anytime they feel like it
Hello, sorry about your illness. I have a friend and he thought he was prepared. he bought long term care insurance and paid for in for years with one of the big companies. Well when he needed it, it would only pay $165.00 per day which is about half of what he needs which means his policy is worthless to get him care. Also he has no money saved . With no money you cant even get started to use the policy because you have to pay for the first two months before they reimburse you
Clay's involvement in spreading the word about Long Term Care Insurance, even though unable to get it for himself, is truly inpirational. Heed his words. Don't put yourself in the position of waiting too long to address this very real problem. Deal with this issue before it's too late.
Marty Eigen (Clay's friend, business associate and admirer.)
Great video Clay! I'm still waiting for the funny story about MS. Not holding my breath though. Long term care...it ain't sexy, but neither is sleeping in a box outside in the winter!
How true it is that Baby Boomer assets are fully exposed to
government--forced long term care spend-down and that the odds of such extended care are 50/50. So many folks are unprepared for financial catastrophy that could have been prevented with a little advance insurance planning. Sad...
Beautiful video, Clay, thanks so much.
HoneyLeveen 2 months ago
I just read where on company raised their rates 11 percent. Its a sham as far as Im concerned and who knows they can run out of money and then what.
watch4david 2 years ago
One other thing most care facilities want 6 months fees up front before they will admit you. Lots of seniors use up theirs saving before they claim their long term insurance and then its too late. With the policy my friend has when he applies at care facilities they want him to apply for medicaid and sell his home. Also most insurance companies can raise their rates anytime they feel like it
watch4david 2 years ago
Hello, sorry about your illness. I have a friend and he thought he was prepared. he bought long term care insurance and paid for in for years with one of the big companies. Well when he needed it, it would only pay $165.00 per day which is about half of what he needs which means his policy is worthless to get him care. Also he has no money saved . With no money you cant even get started to use the policy because you have to pay for the first two months before they reimburse you
watch4david 2 years ago
50/50 are unexpected odds and eye opening about the need for long term care insurance. And you're right, never count on bankrupt uncle Sam.
alexanderalaric 2 years ago
This has been flagged as spam show
Clay, Your the best!
Clay's involvement in spreading the word about Long Term Care Insurance, even though unable to get it for himself, is truly inpirational. Heed his words. Don't put yourself in the position of waiting too long to address this very real problem. Deal with this issue before it's too late.
Marty Eigen (Clay's friend, business associate and admirer.)
MartyEigen 2 years ago
Comment removed
MartyEigen 2 years ago
thanks clay. its good to be aware of the need for long term care. hope this reaches lots of people.
diobolickid 2 years ago
It is so important for all of us to be prepared.
I am so glad my Mother has Long Term Care Insurance. Especially since she has Parkinson's. I don't know what we would of done if she hadn't..
Thank you for sharing Clay..
Sending Smiles:)
Margie D
MargieDee11 2 years ago
Great video Clay! I'm still waiting for the funny story about MS. Not holding my breath though. Long term care...it ain't sexy, but neither is sleeping in a box outside in the winter!
jdh358 2 years ago 2
WOW Clay, that really drives home how fast life can change for anyone. You take it for granted until someone you know is going thru what you are.
Enjoy the best, prepare for the worst and savor the little things in life, that all I can say...
IamChrisLang 2 years ago
How true it is that Baby Boomer assets are fully exposed to
government--forced long term care spend-down and that the odds of such extended care are 50/50. So many folks are unprepared for financial catastrophy that could have been prevented with a little advance insurance planning. Sad...
claycotton 2 years ago