This is everything the average investor needs to know about long term care insurance.
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LTC Tree (http://www.ltctree.com) is redefining how Long Term Care Insurance is research and bought through our cutting edge efficient virtual process. This video grabs the viewer’s attention and shows the problem of needing Long Term Care and an affordable solution to solve it. The viewer then can click on the link above to learn more on Long Term Care Insurance where they can find reviews, ratings, quotes and rankings of all the major insurance companies.
I was interested in getting something like this for myself because my father is just going through this and I was blindsided by finding out that their insurance has no coverage. However, the nursing homes in our area are between 10 thousand and 12 thousand per month. I'm not sure what 5k a month is going to do for you?
Great presentation, but I am watching after speaking with my local agent and your yearly price is 3x's higher with less benefit…. why? Is this for 2 people or just 1 person?
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After looking at the premiums, I think if people have enough dough to pay 10k+/month, they may as well put that money into a trust, CD, or high-end savings, so they can just have a loved one pay all the latter day care by checks. Cut the middleman, with all the interest and lesser payouts, off completely and just use your own saved bucks
Thank you, very helpful video
Very helpful video! Ty!
You can also start drawing if you have cognitive impairment.
I have a small question I thought my policy around 25 and I am 32 now can I have be able to withdraw money now or do I have to wait till I’m 60
Ty
the Washington Cares Fundthis is wrong in so many ways it is the state governments take on social security retirementin hopes that more people die before they need it or move out of state this is so WA can create a nest egg. not at all to help us !! just like the federal government i am sure the state will appropriate funds from this for bull shit reasons ( they will rob us blind!)
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are you normal sir. 5K ? That's on day's worth of care you need to find a new line of work
"typically drop?" I like his frankness.
I was told yesterday by an insurance agent that a "use it or pass it" couples plan is hard to find these days especially with lifetime coverage. Is the plan you showed for age 70 still available at the same rate?
Genworth policy I bought at 50 years old. $40.00 a month. Went up to $65.00 a month and now $98.00 a month and I’m 72 and good health. $200,000 now worth $400,000. Pays to start early when your healthy. Only bought the policy in case of stroke or some disability. I’m still working part time. Take care of your health because it’s all that you’ve got.🙏🙏👍
Life/LTCi combo partnership policy
So by paying $171,512, the use it or lose it plan will pay $167,000. I don’t see the benefit. Why not just pay that $171,512 for care?
A nursing home can cost more than $100,00 per year. A plan that pays $5000 per month won’t even cover the cost of a nursing home.
Thanks for this informative video!
is the Benefit amount of $5,000 the max the policy pays?
who can afford this?
Fundamental information is missing in this video is 5k per month per person or 5k for life time or per occurence of risk? Presenter took lot of measure NOT to speakout what is 5K means.
Buy early before you might get ill. Mine at 45, premiums were $40.00 a month. 2020 $97.00 a month. Six years over $400,000 coverage. Genworth sold out to China, and aren’t selling contracts any more. I understand the government steps in, in the USA. Do your homework, but I really think it’s worth it. Car accident, stroke, etc. you never know.
Supper mam
If you are considering purchasing long term care insurance, you want to make sure that you don’t make the typical mistakes. You can avoid these mistakes and potentially save thousands of dollars by downloading the free e-book, “The 3 Biggest Mistakes People Make When Buying Long Term Care Insurance (and how to avoid them)” by going to ebook.LTCbreakthrough.com.
If anybody would like to learn more about Long-term Care and the current options available, I work for a top, fortune 100 insurance company and would love to share some insight. Message me back and we can set up a conversation.
GETTING APPROVED FOR A GENWORTH LONG TERM CARE CLAIM
Once you understand what the visiting Genworth/CareScout nurse is looking for, you'll be more easily approved for a claim.
SCHEDULING
-Schedule the required Genworth/CareScout nurse visit for late in the afternoon, when the senior is at their most confused and tired. You must demonstrate how the patient's memory and physical balance, etc are affected late in the day when he needs care most.
PREPARATION FOR THE GENWORTH/CARESCOUT VISIT
– In advance of the Genworth/CareScout nurse visit, type up a complete list of recent doctor's calls, visits and medications, ready to present the nurse. Thorough paper documentation subtly puts the visiting nurse on notice that you are treating this case professionally and that this is legal evidence. In advance of the visit, each time the patient falls, for example, you should prepare and present evidence of the corresponding doctor visit with recent x-ray or medication. Each time there is a memory issue, you must prepare and show a corresponding doctor visit with an early onset Alzheimer's diagnosis. You are proving a case in advance, and proving a sudden increase in recent support needs. Plan this list weeks in advance so that when the nurse arrives, there are plenty of recent doctor visits for falls and memory which support the need for in-home care. Yes, it takes preparation and investment of time in doctors' visits, in advance.
-Carefully type up and present to the Genworth/CareScout a time-stamped and date-stamped list of incidents in the most recent months – slips and falls, dangerous behavior in the kitchen with sharp implements and stove use, incontinence issues, balance issues, memory issues, inability to prepare and eat meals, inability to bathe. It sounds cruel, but if the patient has fallen and can't get up, take a quick cell phone photo of them on the ground, help the patient of course, and then prepare and present the photo during the nurse's visit.
-Prepare and deliver to the Genworth/CareScout nurse photographs documenting any recent injuries, bruises from slips and falls.
-Planning for the nurse's visit, make sure that the senior is in their usual state – reveal the true lack of personal care and lack of mentation for that time of day. Do not "rest up" or "fortify" the patient in preparation for the nurse's visit. Do not change the patient's schedule in advance of the visit to "prime" the patient or to insure the patient is well rested, fed, clothed and sharp. In preparation for the visit, do not put the patient's shoes on for them, and do not help the patient find their shoes and socks clothes or jewelry or hearing aids. Do not help the patient by preparing their meals that day. Do not even tell the senior about the upcoming visit. Prove the need for services, according to the usual state of the patient on any given day.
ATTENDING THE GENWORTH/CARESCOUT VISIT
Attend the Genworth/Carescout nurse visit with the senior, and oppose any falsehoods that the senior presents, "I'm fine." "I don't need help" and "I am fine on my own." Immediately counter with opposing information. As difficult as it is for you to do this, you must present a fully prepared case with facts while the senior is present, and verbally present to the nurse all the data about how sick this person is. This will surprise and embarrass the patient, but this is what you must do– tell the complete truth. Don't be afraid to lay it all out in this meeting, even telling the senior bold things like "you don't remember but…" Embarrassing continence issues, embarrassing inability to stand up after a fall, incidents where the patient couldn't remember what day it is, embarrassing urination incidents, embarrassing cleanliness issues including details about fecal matter and urine toileting incidents, excruciating detail about the inability to wipe ones self on the toilet. This is no time for etiquette, you must reveal the embarrassing truth and prove your case to the nurse beyond a reasonable doubt. Don't be afraid to say "poop" and "pee". Say it now for practice.
– Remember the five activities of daily living– proving the need for these is key. In your meeting, use the expression "Activities of Daily Living" or even drop the abbreviation bomb "ADL's". This is an insurance industry insider expression that proves that you are fully aware of the contract parameters, you studied the contract, and you are playing hard ball. You must at least prove, during the visit, the need for help with at least for at least two of the five ADL's: Eating, bathing, dressing, transferring from bed/chair and toileting. Documented falls and lack of shoes and ability to put shoes and socks on are the bare minimum evidence to present on the day the nurse arrives– this proves the need for help with two ADL's, dressing and transferring.
-Do not inform the senior about the visit in advance. Let it be a surprise. That way the visitng Genworth/Carescout nurse can see the senior in their present state, barefoot, unbathed and dissheveled as they normally are. If the patient is in a robe without underwear, if that's what they're usually wearing at that time, that's even better. Let it all hang out. You are proving the need for help with the ADL "dressing."
– Do not prepare the senior for the visit by setting them up in the living room, ready for a conference. Don't wash or bathe the patient, don't brush the hair, do not dress the patient or put on shoes and socks and accessories. Do not fortify the patient beforehand with snacks, vitamins or water. Let the nurse see how the patient normally is, how the patient walks to the meeting area, how the patient processes what the meeting is about, and how the senior manages the chair and sits.
– Document with cell phone photos the scant meals that the senior has been eating, if it proves the case for the need for help with meal preparation and eating. This helps prove the need for help with the ADL "eating."
– Inform the nurse that you are unable to help the patient during working hours.
– Ask the nurse for advice on things like how to pick the patient up off the ground if he falls, what meal recommendations the nurse can give for easy meal preparation, tips and tricks for maintaining balance in the shower, and ask the nurse for any advice on safety devices for the home to help the patient. This makes the nurse aware that you are aware of the medical device benefit in the Genworth policy, and strengthens your case for the need for care.
– Make sure that each document that you present has the date, the name of the patient, your name as the preparer of the document, and the Genworth policy number. This warns Genworth that you are serious about presenting the legal case for care, and you are playing legal hard ball.
– Keep a copy of all the documents you give the visiting Genworth/Carescout nurse.
APPEAL
–If Genworth declines your claim, increase the number of doctor visits for recent incidents in the home, document them, and try again. Schedule a new visit, and inform Genworth that there have been recent doctor visits and incidents which newly support your claim.
LATHER, RINSE REPEAT
–Don't forget, once the claim is started, Genworth calls quarterly to schedule another nurse's visit. Be sure to include all the paperwork from the previous visit, and add to it any recent doctor visits, new medications, trips and falls, incontinence incidents, etc.
I used to be opposed to LTCi, but I'm sold now. In fact, that's why I sell it. Too many stories like this and too many people who don't know what their options are.
eye opening and facts about of reality
Interesting.
A very creative, entertaining, and original way to make people understand the importance of long-term care insurance. Not only was it a joy to watch this, but the information is also quite good.
Concept nicely explained. Apt!
HI PRINSSES
This really helped me understand my mother-in-laws Long Term Care situation. I'm glad she has a policy, all be it a small one, but it helps tremendously.