Long Term Care Planning
Many avenues now exist for obtaining assistance with the basic, daily activities of living, but most of them are fairly expensive. Planning ahead for these expenses is the best way to put your mind at ease that you will be able to pay for the care should you need it. An Apropos long term care planning (LTC) engagement offers the following benefits to people ages 40-70:
- Objective determination of your need for long term care insurance
- Objective determination of the affordability of LTC insurance
- Objective exploration of when is the right time to buy LTC insurance
- Objective determination of the suitability of a New York State LTC partnership policy
- Objective recommendations for policy configuration
- Confidence that the decision to purchase, not to purchase or postpone purchasing, a policy is well suited to your needs and circumstances.
The long-term care plan we prepare for you will be 100% tailored to your unique circumstances and sensitivities.
The Deliverables for a LTC planning engagement include:
- A Net Worth Statement showing your worth after your liabilities have been subtracted from your assets
- A detailed risk and needs analysis documented in a written report
- A written affordability assessment that includes numerous reports to justify all conclusions
- Detailed, written recommendations for how to manage the risks posed by the possible need for LTC in the future – if insurance is recommended, this written report will include detailed policy recommendations
- Answers to all your questions about our recommendations
- An ordered Action Plan to guide you through the process of obtaining policy quotes and making a purchase.
These deliverables will be thoroughly explained to you in a presentation meeting.
The amount of time we require to formulate your LTC plan, and therefore the cost of this service to you, will vary depending on the number of individuals included in the planning. You will be provided with a guaranteed fee estimate at the end of our complimentary Get Acquainted meeting.