Season 1

Do I Need Long Term Care Insurance?

Episode Notes

Someone turning age 65 today has almost a 70% chance of needing some type of long-term care services, whether it’s in-home care or in an assisted living facility or nursing home. Guest Phyllis Shelton, President of Got LTCi, reveals that home health care can cost as much as $5,000 a month, and average nursing home care costs are $7,500 a month.

Richard warns that if you’re thinking about buying long-term care insurance you should do it while you’re still healthy. Many insurers won’t underwrite policies for people with diabetes and other pre-existing conditions such as diabetes, Multiple Sclerosis, Parkinson’s Disease, and dementia.

Pam warns that when shopping for policies it’s important to research the financial stability of the insurance companies, since many companies that used to provide long-term care insurance either left the business or refused to pay benefits because they underestimated the health care costs and longevity of policyholders. People should work with unbiased, fiduciary experts who do not sell insurance in order to evaluate the need.

Resources

 

  • Got LTCi : Link
  • LongTermCare.gov: Information from the U.S. Department of Health and Human Services Link
  • The American Association for Long-Term Care Insurance Link

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Season 8
Are alternative investments right for you?

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With the stock and bond markets delivering lousy returns this year, some investors are wondering whether to add so-called alternative investments to their portfolios. In this episode, Pam, Terry and Richard discuss the risks of investing directly in unregulated asset classes like gold, real estate, commodities and even cryptocurrency and suggest ways that investors may be able to use publicly traded securities to gain indirect exposure to these alternative asset classes with lower risk.

 

Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage

Richard-Eisenberg

Richard Eisenberg

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