Bob Brinker and Long Term Care Insurance

     I was listening to Bob Brinker's Money Talk radio program and was curious to hear such an investment guru's view on long term care insurance.  Bob Brinker's take on it, like most premier financial planners, see long term care as a realistic potential hazard to your savings during your retirement years.  Mr. Brinker however says that long term care insurance is not right for everyone, but if you have a nest-egg to protect the insurance might be worth taking a look at. 

     The key to proper long term care insurance planning is to find the balance between too much insurance and not enough.  I always inform my clients that 92% of all long term care claims are for 3 years or less...with that said, the vast majority of your risk is within the first three years and only about 3% of long term care claims last for longer that 5 years.  Statistics like that will help you pick a number of years you want in your policy...most choose 3,4,or 5 year plans.  Once you have decided on an amount of coverage, you need to pick a long term care insurance company.  Bob Brinker mentioned that you want to go with a company that has solid financial rating from rating firms like AM Best.

     At LTCtree we work with most all the top carriers and will help you shop around to find the best company at the best price.  Please take a few seconds below to fill out out long term care quote engine and we will get you rates from the top 5-6 long term care companies