Wow! Did we read that correctly? $107,146... that is the median annual cost in 2024 to receive services in a semi-private room. So as long as everyone has a couple hundred thousand dollars hanging around, they should be okay. But what if there is a spouse at home? Will they have enough cash to stay in the world that they have become accustomed to? Or even if they decide to stick to a tighter budget, what can they truly afford? Read on... I once attended a meeting where an elder law attorney talked about long-term care costs and Medicaid. He pointed out that many people don't have enough money to cover these costs. That's when Medicaid steps in, but only after you are impoverished. He also mentioned that fewer insurance companies are offering long-term care insurance. He spoke highly of asset based products and life and annuity products with accelerated benefits. As I sat there listening, I was perplexed as to why more advisors are not offering these products. Ladies and gentlemen, I am very convinced that these products are the "hot sellers" of the industry. Look, you pledge to give the best service to your clients. Are you doing them a disservice when you don't research, discuss, and present certain solutions? If you want to talk to someone who knows all about the potential products you could pitch your clients, give us a call at 1-877-844-0900, or click the button below to book an appointment with one of our knowledgeable marketing consultants. |
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