The way we think about long-term care needs a radical reimagining. Moving beyond the antiquated image of hospital-green hallways and institutional settings, our expert guests Sherlyn Swindell of Plus Financial Network and Lisa Harder of Securian Financial help reframe this inevitable life phase as an event rather than a place."We all are going to need care," Sherlyn explains, helping listeners understand that long-term care encompasses everything from occasional help with household tasks to full nursing care. What matters most isn't where you receive care but maintaining the freedom to choose how and where you want to live when you need assistance.The financial landscape for funding this care has evolved dramatically. Traditional long-term care policies operated on a frustrating "use it or lose it" model with ever-increasing premiums. Today's hybrid policies offer revolutionary improvements: guaranteed benefits, one-time premium options, cash indemnity payments rather than complicated reimbursements, and even return of premium features.Andy and his guests also breakdown just how these policies work, with Lisa explaining the qualification process (inability to perform two daily living activities or having severe cognitive impairment) and the flexibility of receiving cash benefits you can use however you choose. The 90-day calendar elimination period aligns perfectly with Medicare's typical 100-day coverage, creating a seamless transition to long-term care benefits when needed.Perhaps most compelling is how these policies protect your legacy. Rather than potentially selling cherished family properties or depleting inheritance funds, these policies create dedicated resources that keep your estate intact. And unlike traditional policies, if you never need care, your premiums aren't lost—they return to your beneficiaries, often with interest.    This is a needed discussion with perhaps multiple members of your family and as always, Keeler and Nadler is proud to provide these valuable insights not just to our clients but to everyone.  The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations. It is only intended to provide education about finance, tax, retirement and related planning topics. To determine which investments or strategies may be appropriate for you, consult your financial, tax or legal advisor prior to implementing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Keeler & Nadler Family Wealth is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Keeler & Nadler Family Wealth and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Keeler & Nadler Family Wealth unless a client service agreement is in place.

Ver todos los episodios