Introduction Many of our clients ask questions about Long Term Care.  Our Certified Senior Advisor, John Celentano will answer your questions and help you plan this aspect of your asset protection efforts.  Although not all asset protection plans include Long Term Care insurance it helps to understand the basics.  Call your representitive at Panzera Insurance Agency, Inc. to get more information. 1 877 INS-XPRT / 818 996 8005 / 323 873 1377 What You Need to Know about Long-Term Care Insurance 1. What exactly is long-term care insurance? Long-term care insurance is not medical insurance. Long-term care insurance provides funds to protect your retirement income, assets, and family savings in the event you need assistance because of a chronic condition. Long-term care is often provided in the home, but can also be provided in a residential or assisted-living facility or nursing home. This care is expensive and having a source of funds to provide these services takes a huge burden off your retirement savings and from your family members. It also keeps you firmly in control of your life and gives you many more options of where and from whom you will receive care. Providing for these services is a critical part of retirement planning and will allow you to use your retirement income to enjoy a quality lifestyle. It will also preserve your assets for yourself and your family. 2. I have plenty of assets saved for retirement. Why do I need this? It is excellent that you have saved and planned for your retirement. To ensure you are able to use these funds to enjoy a qualify lifestyle, you should protect your hard-earned retirement income from the risk of a long-term care event. As a planner, you will appreciate that the coverage can be purchased at a huge discount compared to the benefit dollars available when you are likely to need care. 3. How much does it cost for long-term care coverage? The cost of an insurance policy will vary depending on the specific services covered, the daily benefit and the length of time the policy will cover. There is great flexibility to design a program that will suit your personal situation. And, the premiums can be tax-deductible in certain circumstances, such as for business owners and partners and to some extent for self-employed individuals. 4. How do I obtain long-term care insurance? Our agency can provide you with this coverage through our trusted partner, John Celentano. He will contact you to determine your specific needs with a brief telephone consultation. From the facts he gathers, he will obtain quotes for several different products tailored to your situation and will make an appointment with you to review your options. These products do require that you provide medical information to qualify for the programs, and we can help you find the program that will best help you meet your personal and financial goals.