We at Carolina Family Estate Planning believe it is our duty to educate our fellow North Carolinians on how they can prepare and protect their families for life, even after they are gone.
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Annuities with Income Accelerators An annuity with income accelerator can be used as part of a long-term care plan especially if health issues prevent qualifying for other long-term care options. -
Annuity-Based Long-Term Care Solutions Annuities with long-term care riders have become a popular solution for long-term care planning that can also potential yield income-tax savings -
Annuity Basics Annuities are a popular financial tool for retirement planning with many using annuities as a “pension substitute.” There are many different types of annuities -
“Legacy Assets” as a Long-Term Care Solution Legacy assets are rainy day money that will pass to beneficiaries if never needed. The biggest risk to these assets is often long-term care costs. -
Life Insurance with a Long-Term Care Rider Life insurance can be used to gain protection from future long-term care costs. The death benefit is merely a back-up if long-term care isn't needed. -
Is Traditional Long-Term Care Insurance Still a Viable Option? Traditional LTC Insurance is like homeowner’s insurance. You pay yearly premiums and if you have a claim, you file a claim. But the policy doesn't accumulate cash value and the premiums can increase -
Will Medicaid Pay for My Long-Term Care? Many people still are under the mistaken impression that Medicaid will cover their long-term care, however, this often will not end up being the case. -
I’m a Veteran, Will the VA Take Care of My Long-Term Care Needs? Many veterans assume that the Department of Veterans’ Affairs (the VA) will pay for the veteran’s long-term care needs, but this may not be the case. -
Don’t Fall for the Medicare Trap Medicare and Medicaid are government health programs with similar names that create confusion. A critical difference is Medicare does NOT pay for longterm care. -
How Much Does Long-Term Care Cost? Long-term care costs vary significantly based on the type of care needed, the care environment, the amount of care needed, and the geographic location.