Coverage, even if you’ve been told no.
Even if you have been told “no” before. Especially then.
20+ years in Deerfield Beach · Licensed Florida professionals · Hosts of Money Talks on the Blue Couch
Coverage, even if you’ve been told no.
Even if you have been told “no” before. Especially then.
20+ years in Deerfield Beach · Licensed Florida professionals · Hosts of Money Talks on the Blue Couch
Long-term care overview
Prepare for the one expense that can undo everything
An estimated 70% of people over 65 will need some form of extended care. It is almost never expected, and Medicare does not pay for the custodial care most people need. The right strategy can save a family hundreds of thousands of dollars—and protect the spouse at home.
Coverage for people who were told no
Richard is nationally recognized for securing coverage for virtually anyone, often using asset-based and life-insurance-based solutions with more lenient underwriting.
Other people’s money
Strategies that reposition idle assets so protection is in place at little or no net cost—and value passes to heirs if care is never needed.
Protect the healthy spouse
A care event should not consume the income and lifestyle of the spouse at home. We plan for both of you.
70%
of people turning 65 will need some long-term care
Most of that care is custodial—help with bathing, dressing and daily living—and Medicare does not pay for it. A plan made now protects your savings, your spouse and your choices later.
Source: U.S. Department of Health & Human Services, Administration for Community Living, “How Much Care Will You Need?”
Three ways to pay for care
Built for the Unexpected
There is more than one way to cover a care need—including options for people who have been declined before.
Told no before?
There are still options
Richard is nationally recognized for securing coverage for virtually anyone, often through asset-based and life-insurance-based solutions with more lenient underwriting—and value that passes to heirs if care is never needed.
Easier approval
Hybrid life / LTC
Traditional LTC policy
Self-funding
How it pays
Monthly care benefit; unused value passes to heirs income-tax-free
Monthly care benefit while you need care
From your own savings as bills arrive
If you never need care
Heirs receive a death benefit
Premiums are gone
Savings stay intact
Premiums
Single deposit or a set number of years; guaranteed not to rise
Annual; can increase
None
Underwriting
Often simplified; options after a prior decline
Full medical underwriting
None
Risk to spouse
Low—care costs come from the policy
Low while benefits last
High—care can consume the household’s income
How it pays
Hybrid life / LTC
Monthly care benefit; unused value passes to heirs income-tax-free
Traditional LTC policy
Monthly care benefit while you need care
Self-funding
From your own savings as bills arrive
If you never need care
Hybrid life / LTC
Heirs receive a death benefit
Traditional LTC policy
Premiums are gone
Self-funding
Savings stay intact
Premiums
Hybrid life / LTC
Single deposit or a set number of years; guaranteed not to rise
Traditional LTC policy
Annual; can increase
Self-funding
None
Underwriting
Hybrid life / LTC
Often simplified; options after a prior decline
Traditional LTC policy
Full medical underwriting
Self-funding
None
Risk to spouse
Hybrid life / LTC
Low—care costs come from the policy
Traditional LTC policy
Low while benefits last
Self-funding
High—care can consume the household’s income
General descriptions. Benefits, riders and underwriting vary by carrier and policy. Not legal or tax advice.
Free consultation = No obligation + No pressure + Plain English
Questions? We’ve got answers.
Frequently asked questions
Does Medicare cover long-term care?
Medicare covers short-term skilled care after a hospital stay. It does not cover custodial care—help with bathing, dressing and daily living—which is the majority of long-term care.
I was declined for long-term care insurance. Do I have options?
Usually, yes. Asset-based and life-insurance-based solutions, as well as annuities with care benefits, often have more lenient underwriting. Finding coverage for clients who have been told no is Richard’s specialty.
What does long-term care cost in Florida?
Assisted living and in-home care commonly run several thousand dollars per month and nursing-home care substantially more. A multi-year need can exceed several hundred thousand dollars.
Is a traditional policy my only choice?
No. Hybrid life/LTC policies, annuity-based care riders and asset-repositioning strategies can provide care benefits while preserving value for heirs if care is never needed.
When should I plan for this?
Premiums and underwriting are most favorable in your 50s and early 60s, but solutions exist well into the 70s and beyond.
Not sure where to start? Ask us a financial question.
Every situation is different and there is no one-size-fits-all retirement plan. Ask anything—you’ll get a straight answer from a licensed professional, not a sales pitch.