Long Term Care Insurance Alert !

Long Term Care Insurance Alert! Out of nowhere, unexpected Multiple Sclerosis took me down, and disability like this will put 50% of us in a care situation at some point. True fact!

Over a tight little piano track, this quick clip has my short, heartfelt plea for you to "Be Prepared" if you have assets to protect with financial planning tools like long term care insurance, so you don't break your family when you eventually need extended care...

Category:

Education

Tags:

• long term care insurance
• long term care
• long
• term
• care
• insurance
• long term health care
• health care
• plan
• planning
• be prepared
• clay cotton
• financial
• caregiver
• caregiving
• boomer
• boomers
• care giver
• care giving

[HoneyLeveen]

Beautiful video, Clay, thanks so much.

[watch4david]

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]

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]

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

[alexanderalaric]

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.

[diobolickid]

thanks clay. its good to be aware of the need for long term care. hope this reaches lots of people.

[MargieDee11]

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

[jdh358]

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!

[IamChrisLang]

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...

[claycotton]

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...