Do your insurance and annuities align with your estate and long-term care planning? So many seniors buy into vehicles that are inconsistent with their estate and long-term care needs, especially as they age. Our unique perspective can help you avoid costly mistakes.
Why Trust Our Team with Your Insurance and annuity decisions?
- When considering your options, only an attorney who also has experience with insurance products can show you all the options for long-term care planning.
- We have access to a wide array of insurance products to meet every need.
- With over 20 years of elder law experience, we have special expertise in all types of annuities, including Medicaid compliant annuities, and life insurance with long-term care features.
Life Insurance or Annuities in Davis and Weber Counties
Get the help you need
Life insurance or annuities with long-term care benefits provide a unique opportunity to plan for future care. Unlike traditional long-term care insurance, this type of planning allows you to keep your assets if you never end up needing long-term care.
With this vehicle, you are buying a life insurance policy or annuity that has a long-term care rider. Such plans give you guaranteed funds for use in a long-term care crisis while also providing ready access to your money during life or a death benefit after you are gone. For example, say you use $100,000 to purchase a single premium life insurance policy with a long-term care rider. You could immediately receive guaranteed long-term care coverage of $175,000 or a death benefit of $175,000 if you never use the money for long-term care.
These plans can be funded in many ways, including: a single one-time premium, payments over a specified period of time, or payments throughout life.
If such a vehicle interests you, the benefit of discussing them with a specialist at The ElderCare Law Firm is that we can show you the full range of long-term care planning options available to you (not just insurance) to help you customize the perfect plan for your situation. To have you personalized long-term care conversation—contact us today!