Senior Citizen Interests

‘Ask Your Financial Advisor About … Long-Term Care Insurance.’ Huh?

Author: LTC Financial Partners LLC
Dateline: Thu, 30 Jun 2005

freeNewsArticles Story Summary: “KIRKLAND, Wash. - June 30 (SEND2PRESS NEWSWIRE) -- When Americans worry about being incapacitated for long periods, they should head straight to their bank or brokerage office. This odd-seeming advice comes from LTC Financial Partners LLC, the nation's leading long-term care insurance brokerage representing multiple carriers. 'Today, health care is about the money, not just health,' says Dan Cahn, Senior Vice President of Business Development. 'And the biggest financial risk is long-term care, which can drain off all your assets -- everything you've accumulated over a lifetime.'”



A R T I C L E:

KIRKLAND, Wash. - June 30 (SEND2PRESS NEWSWIRE) -- When Americans worry about being incapacitated for long periods, they should head straight to their bank or brokerage office. This odd-seeming advice comes from LTC Financial Partners LLC, the nation's leading long-term care insurance brokerage representing multiple carriers. "Today, health care is about the money, not just health," says Dan Cahn, Senior Vice President of Business Development. "And the biggest financial risk is long-term care, which can drain off all your assets -- everything you've accumulated over a lifetime."



Photo Caption: Dan Cahn, of LTC Financial Partners.

Since long-term care needs can quickly wreck the best portfolio, "we're telling people, don't just ask your doctor, ask your money guy," says Cahn. "But make sure your financial advisor can deliver the latest long-term care expertise."

LTC Financial Partners is fielding a support service, spearheaded by Cahn, that gives financial advisors the necessary training and resources. At key banks, for example, advisors are bringing in specialists from LTC Financial Partners, much as a family doctor brings in a cardiologist. The specialists deliver arcane facts on the latest laws and tax breaks affecting long-term care; and navigate to myriad options through an ever-evolving computer database of policies and selection criteria. The support service is called the Financial Advisor LTC Outreach and Education Program, and Cahn is its Director.

"It's really complex to pick the right coverage from the right carrier, based on a person's financial situation, lifestyle, state of residence, and medical condition," Cahn points out. "The best advisors are seeking support from top-notch experts, but they're in a minority at present. Most are not yet using long-term care insurance as a financial planning tool; so we developed a unique turn-key solution that generates four times the results of the traditional approach."

LTC Financial Partners is providing its service to a growing number of financial organizations including major banks, NRL Federal Credit Union, and the National Network of Estate Planning Attorneys. In time, nearly all major financial institutions will serve as front-end conduits to long-term care protection, Cahn believes.

His organization also supports associations that have a special interest in protecting their members' nest eggs, including the National Association of Women in Insurance, and the United Methodist Association (through Anderson and Wayne Insurance Services).

A key part of the service is ready access to long-term care options from carriers that have proved sound and stable, including MetLife, John Hancock, Allianz, MedAmerica, Prudential, Physicians Mutual, Unum Provident, and Penn Treaty. "Some well-meaning associations offer long-term care policies from a single carrier, but one size does not fit all," says Cahn.

An informational guidebook, offering asset-protection facts and strategies, may be requested by financial advisors or the public, at www.eranova.com/LTCFP/contact.htm.


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Copyright © 2005 by LTC Financial Partners LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: 'Ask Your Financial Advisor About ... Long-Term Care Insurance.' Huh?
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Insurance

Long-Term Care Insurance Could Soon Be 100% Tax-Deductible; Early-Bird Steps Can Assure Benefit

Author: LTC Financial Partners LLC
Dateline: Wed, 15 Jun 2005

freeNewsArticles Story Summary: “KIRKLAND, Wash. - June 15 (SEND2PRESS NEWSWIRE) -- LTC Financial Partners LLC, the nation's leading long-term care insurance brokerage representing multiple carriers, announced an early-bird cost minimization program. The aim is to help millions of Americans secure the best long-term care coverage while preserving assets, and eventually deduct the entire premium expense on their Federal tax returns.”



A R T I C L E:

KIRKLAND, Wash. - June 15 (SEND2PRESS NEWSWIRE) -- LTC Financial Partners LLC, the nation's leading long-term care insurance brokerage representing multiple carriers, announced an early-bird cost minimization program. The aim is to help millions of Americans secure the best long-term care coverage while preserving assets, and eventually deduct the entire premium expense on their Federal tax returns.

LTC Financial Partners
The early-bird program -- accessible at www.eranova.com/LTCFP/contact.htm -- consists of two simple steps:

- First, lock in a low monthly rate while younger and healthier;

- Second, join a lobbying effort for H.R. 2682, the "Long-Term Care and Retirement Security Act of 2005," to get Uncle Sam to pick up the tab.

Introduced by Nancy Johnson (R-CT) and Earl Pomeroy (D-ND), the bi-partisan legislation is now before the House Ways and Means committee. H.R. 2682 amends the Internal Revenue Code to allow individuals a deduction for qualified long-term care insurance premiums; and use of such insurance under company "cafeteria" plans and flexible spending arrangements. The measure also provides credits for current long-term care needs.

Step one of the early-bird program minimizes insurance costs immediately, before H.R. 2682 passes. "That's because rates go up as we age, and if we develop serious health problems, we may no longer qualify for insurance at any price," says Cameron Truesdell, CEO of LTC Financial. "Getting covered early can save many thousands of dollars, and let you breathe a sigh of relief right along, knowing you're protected." In step two of the process (lobbying for passage of the House bill) the idea is to reduce an already low cost even more.

As a public service, LTC Financial's private-sector ombudsmen will help people pursue the two-step process easily. By phone or Internet, those who contact a local LTC expert may request:

- An estimate of savings when they secure insurance "younger and healthier" versus waiting.

- Help in sending a quick message to their representative, urging passage of H.R. 2682.

A list of the LTC experts is available at www.eranova.com/LTCFP/contact.htm. A long-term care guidebook may also be requested, free of charge.

LTC Financial Partners LLC - 3550 Carillon Point - Kirkland, WA 98033.

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Copyright © 2005 by LTC Financial Partners LLC and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: Long-Term Care Insurance Could Soon Be 100% Tax-Deductible; Early-Bird Steps Can Assure Benefit
• REFERENCE KEYWORDS/TERMS: , , , , Insurance, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 15 Jun 2005 13:25:00 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.