In a bad economy, LTC adds security

“If you lost half your net worth and needed long term care, you would be in a financially imperiled position of having to liquidate a proportionately larger chunk of your savings in an undervalued market with little opportunity to recover. In these times of tumultuous markets, it is more improbable than ever to self-fund and invest your way through a long term care event.”
Mike Skiens, Master Care Solutions, Portland, Ore.

“LTCI is a risk-based business. From the consumer’s point of view, it should be the insurance carrier who is assuming that risk. Taking premium dollars and turning them into a secure retirement is a predictable, safe option in today’s world of economic uncertainty. There is no better time than the present to protect the money that has not been lost in the investment world.”
Julie Gelbwaks Gerwitz, Gelbwaks Insurance Services / LTC Global, Plantation, Fla.

“In California, we have been particularly hard hit in all key economic areas. It came quickly and caught most of us by surprise. The investment strategy of some of the savviest consumers was quickly turned upside down. An accident or sudden illness that results in a long term care need can come as quickly and be just as devastating to a portfolio if not adequately planned for.”
Carol Gardner, Lifestyle Insurance Services, Inc., San Juan Capistrano, Calif.