January 31, 2020 |
What Happens If My Long-Term Care Policy Lapses?
If you were under the impression that Medicare will continue to provide for your long-term care needs, including payments to a nursing home, this could ...
Learn MoreWhat Happens If My Long-Term Care Policy Lapses?
If you were under the impression that Medicare will continue to provide for your long-term care needs, including payments to a nursing home, this could be a catastrophic mistake that follows a missed premium due to your long-term care insurance policy.
Not paying your long-term care insurance policy premiums eventually gives that company license to cancel your policy. This means that after the grace period has expired, you will not be able to use that policy for long-term care expenses. If you have a policy and it lapses, the specifics of how that process is handled falls to your insurance company.
The insurance company, however, could potentially reinstate your policy back to the dated lapse if you request reinstatement and can show that there is no change in health since the time your policy lapsed. In addition, you will need to pay all past due premiums at that point in time. There are usually four primary opportunities to keep your long-term care policy active.
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Blog
January 30, 2020 |
I’ve Avoided Probate, But Have I Missed Anything Else?
Avoiding probate has many different factors that could lead you to search out services and opportunities to avoid this process. However, it’s not the magic ...
Learn MoreJanuary 29, 2020 |
How Does a Payable on Death Bank Account Work?
There are many different ways that you can protect your interests and money and keep it outside of probate. In order to do this, it ...
Learn MoreJanuary 28, 2020 |
Splitting Up Assets for Your Children: Considering Special Needs
There are many different circumstances that might prompt you to consider whether leaving an unequal estate plan to your children is recommended. Every family has ...
Learn MoreJanuary 27, 2020 |
Organize Your Assets Before Tackling Estate Planning
If you’re like most people, you’ve got a long list of things you want to accomplish in 2020. Some of these are ongoing tasks and ...
Learn MoreJanuary 24, 2020 |
“Funding” your Plan: Asset Alignment
You’ve signed your Estate Planning Documents, CONGRATULATIONS!!! BUT… Signed Documents ✔ Estate Plan Constructed ✔ Pat on Back ✔ Why the BUT??? Because there is one more important item ...
Learn MoreJanuary 23, 2020 |
How Is the SECURE Act Really Going to Change the Scope of Estate Planning?
The SECURE Act is designed to help address many of the current issues related to retirement in the united states. This could have significant implications ...
Learn MoreJanuary 22, 2020 |
Does A Young Family Really Need Estate Planning?
The first time that most people approach the subject of creating an estate plan is when they have some sort of a family member that ...
Learn MoreJanuary 21, 2020 |
Have You Put Elder Law Planning Off?
It’s very easy to find other things to focus on in today’s modern life. Furthermore, it’s harder to fit elder law estate planning into your ...
Learn MoreJanuary 20, 2020 |
A Tale of Two Decades: Lessons for Long‑Term Investors
The first decade of the 21st century, and the second one that’s drawing to a close, have reinforced for investors some timeless market lessons: Returns ...
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