))
Long Term Care Series, Part #2: Understanding Long-Term Care Insurance & Partnership Programs, with Eileen Dunn
Manage episode 407219215 series 3558878
Content provided by Cameron Valadez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cameron Valadez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
I’m joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we discuss the basics of long-term care insurance and the Long-Term Care Partnership Program.
More specifically, Eileen and I discuss:
- Why should you consider long-term care insurance?
- What does long-term care insurance pay for?
- Common types of long-term care insurance policies
- Cost and benefit considerations of long-term care insurance
- Long-Term Care Partnership Programs
- Taxation of long-term care benefits
Resources:
LPL Financial and Planable Wealth are not affiliated with or endorsed by Eileen Dunn or Mutual of Omaha.
Key moments in this episode are:00:01:31 - Need for Long-term Care Services
00:05:43 - What is Long-term Care Insurance?
00:08:07 - Importance of Work-Life Balance
00:10:38 - The Cost of Long-term Care
00:15:15 - Long Term Care Insurance Policies with Life Insurance Riders
00:17:23 - Benefits of Long Term Care Policies
00:19:20 - Reimbursement vs. Indemnity
00:22:32 - Planning for the Unexpected
00:25:41 - Tax Implications of Long Term Care Insurance
00:29:35 - The Importance of Long Term Care Insurance
00:30:06 - Best Age to Buy Long Term Care Insurance
00:35:26 - The Long Term Care Partnership Program
00:39:42 - Resources for Learning More About the Partnership Program
00:41:04 - Conclusion and Future Episode Preview
00:44:28 - The Role of Diversification in Investments
00:43:15 - The Importance of Risk Management
51 episodes
Share
