Health protection
Long-Term Care Planning
Even if you’ve been told “no” before. Especially then.
Long-term care overview
Prepare for the one expense that can undo everything
An estimated 70% of people over 65 will need some form of extended care. It is almost never expected, it creates real emotional and financial stress, and Medicare does not pay for the custodial care most people need.
The right strategy can save a family hundreds of thousands of dollars and—just as important—protect a spouse from ongoing hardship. Richard is nationally recognized for securing coverage for virtually anyone, often using “other people’s money” strategies that put protection in place at little or no net cost.
The right strategy can save a family hundreds of thousands of dollars and—just as important—protect a spouse from ongoing hardship. Richard is nationally recognized for securing coverage for virtually anyone, often using “other people’s money” strategies that put protection in place at little or no net cost.
How we solve it
- Traditional and hybrid long-term care insurance
- Life insurance with chronic-illness and care benefits
- Annuity-based care solutions and asset repositioning
- Options for clients previously declined
- Protection for the healthy spouse’s income and lifestyle
Ready to talk it through?
A free, no-obligation conversation with a licensed Florida professional. No pressure, no jargon.
Or call (954) 790-5000
Common questions
Frequently asked questions
Doesn’t Medicare cover long-term care?
Medicare covers short-term skilled care after a hospital stay. It does not cover custodial care—help with bathing, dressing, eating and daily living—which is the majority of long-term care.
I was declined for long-term care insurance. Do I have options?
Usually, yes. Asset-based and life-insurance-based solutions, as well as annuities with care benefits, often have more lenient underwriting. Finding coverage for clients who have been told “no” is one of Richard’s specialties.
What does long-term care cost in Florida?
Costs vary by setting, but assisted living and in-home care commonly run several thousand dollars per month and nursing-home care substantially more. A multi-year need can easily exceed several hundred thousand dollars.
Is a traditional long-term care policy my only choice?
No. Hybrid life/LTC policies, annuity-based care riders and asset-repositioning strategies can provide care benefits while preserving value for heirs if care is never needed.
When should I plan for this?
The earlier the better—premiums and underwriting are most favorable in your 50s and early 60s—but solutions exist well into the 70s and beyond.
Keep exploring
Related topics
Life Insurance
Policies that double as care protection.
Personal Pension Plan
Income that keeps paying through a care event.
Not sure where to start? Ask us a financial question.
Every situation is different and there is no one-size-fits-all retirement plan. Ask anything—you’ll get a straight answer from a licensed professional, not a sales pitch.