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Long term care insurance advice

Is there a way to get your long term care insurance policy without stretching your insurance budget? You’re not arguing about whether or not it’s wise to get long term care insurance here.

You’re arguing about how much long term care insurance it is more recommended to rent (or, in many cases, buy) than to pay for your own. You’re discussing insurance rates and rates of return of long term care assets and yourself. Before entering into this discussion, you have to consider that you need your own long term care care insurance to help you pay for “equity” bonds that are your supplemental long-term care insurance policy. So, in addition to the life insurance you should always have, you also should open an investment account with a major long term care insurance company and invest that money in equity bonds through the IRA plans of the major long term care insurance companies. Even better, you can put an equal portion of your investments in short term personal saving accounts like Vanguard Total Stock Market Fund (VTSMX) . Once you have long-term care insurance and a long term care equity bond account split up in those accounts and invested in equity bonds with both of them, you have become “Rented-to-Own” with long term care insurance. This means that you get the opportunity to buy your own short term savings accounts (like 529 college savings plans or up to $300,000 in state-eligible 529 savings plans) online for as little as $10 per month. If you can save $20 per month or more, you can still get out from under your long-term care insurance as your asset turnover rate decreases. The payment out of your equity equity bond accounts becomes “paid-in-full” from the insurance payout. In other words, if you overachieve both short term savings and long term supporting assets with your short term accounts, you will still be able to buy your own long term care insurance assuming your asset value increases the next year. In fact, as we did with housing, many long term care insurance policies have multiple “area” or “coverage areas” that apply to the insurance policy. If you have a long term care equity bond account that you have three of, leaving two of those covered will help you to get out from under your long-term care insurance. Many investors like to use a “quick/cheap” provider like QuickFactors for narrower portfolios or smaller portfolios inclusive of equity bonds. “Hefty” short term savings accounts with no significance in excess asset value and/or with unrealistically large equity high returns are a bad investment. The cost of your long term care insurance is covered by the equity bonds or “heightened value” of your life insurance policies. You can be “rent-to-own” with your equity bonds like an owner of any retirement account or the ability to buy out your inflation, rising interest, and “rolling 20” funded life insurance policies. All investment advice contained herein is provided “as is” in good faith and is provided “as is” in substitution for professional advice of counsel. Steven Cumming is the director of Life & Retirement for Allianz Life Insurance Company. His firm has worked with thousands of involved business owners both small and large. He lives in Monroe, Michigan, with his wife Elizabeth. In addition to lives of hawking everything from transition softball games to Nascar racing coverage to pressuring more (or different) states to just get out of Florida, Steven has printed thousands of cards on the subject of real estate investing, rate of return with the stock market, tax strategies and life for investors,, the variable costs of investing, old money age strategies, retirement planning, and more.

Thank you for your interest. If we did not answer your question or you have general questions please call 972-800-6670

List of Medicare Insurance Companies

Accendo Insurance Company

Aetna Health Insurance Company

American Retirement Life Insurance Company

Americo Financial Life and Annuity Insurance Company

Amerigroup Insurance Company

Atlantic Coast Life Insurance Company

Bankers Fidelity Assurance Company

Bankers Fidelity Life Insurance Company

Blue Cross and Blue Shield of Texas, A Division of Health Care Service

Capitol Life Insurance Company, The

Catholic Life Insurance

Central States Health & Life Co. of Omaha

Christian Fidelity Life Insurance Company

Cigna Health and Life Insurance Company

Colonial Penn Life Insurance Company

CompBenefits Insurance Company

Companion Life Insurance Company

CSA Fraternal Life

EPIC Life Insurance Company, The

Everest Reinsurance Company

First Health Life and Health Insurance Company

Garden State Life Insurance Company

Globe Life And Accident Insurance Company

GPM Health and Life Insurance Company

Great Southern Life Insurance Company

Guarantee Trust Life Insurance Company

Heartland National Life Insurance Company

Humana Benefit Plan of Illinois, Inc.

Individual Assurance Company, Life, Health & Accident

Loyal American Life Insurance Company

Lumico Life Insurance Company

Medico Corp Life Insurance Company

Nassau Life Insurance Company of Kansas

National Guardian Life Insurance Company

National Health Insurance Company

Old Surety Life Insurance Company

Omaha Supplemental Insurance Company

Oxford Life Insurance Company

Pan-American Life Insurance Company

Pekin Life Insurance Company

Philadelphia American Life Insurance Company

Physicians Life Insurance Company

Puritan Life Insurance Company of America

Renaissance Life & Health Insurance Company of America

Reserve National Insurance Company

Resource Life Insurance Company

S.USA Life Insurance Company, Inc.

Sentinel Security Life Insurance Company

Shenandoah Life Insurance Company

Southern Guaranty Insurance Company

Standard Life and Casualty Insurance Company

State Farm Mutual Automobile Insurance Company

State Mutual Insurance Company

Thrivent Financial for Lutherans

Transamerica Life Insurance Company

Transamerica Premier Life Insurance Company

Unified Life Insurance Company

Union Security Insurance Company

United American Insurance Company

United Commercial Travelers of America, The Order of

United Insurance Company of America

United National Life Insurance Company of America

United States Fire Insurance Company

UnitedHealthcare Insurance Company (AARP)

Universal Fidelity Life Insurance Company

USAA Life Insurance Company

Western United Life Assurance Company

Best Medicare Supplement Plans in Texas

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