“Elder Care: Frequently asked questions regarding Medicaid Asset Protection Trusts,” by Jessica Greene, The Sentinel “Here are some frequently asked questions about Medicaid Asset Protection Trusts:” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This article is a good example of advice anyone with enough wealth to warrant purchasing long-term care insurance receives as an alternative to LTCI. This is the kind of universally available information that analysts ignore who promote mandatory social insurance. Elder Care: Frequently asked questions regarding Medicaid Asset Protection Trusts #medicaid #goldencareagent
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“Could Your Long-Term Care Premiums Be Hiding in Plain Sight?,” by Christine Benz, Morningstar “Last week I wrote about the role that health savings accounts can play in paying for long-term care; HSA owners can use their accounts to pay the premiums or to cover eventual costs out of pocket. (There are pros and cons to either strategy.) There’s another potential avenue, too, albeit a more complicated one. People with existing annuities or whole-life insurance policies can take advantage of what’s called a 1035 exchange to swap into long-term care insurance–either a standalone long-term care insurance policy or a hybrid
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“Mutual of Omaha Adds Medicare Drug Plans and an LTC Rider,” by Allison Bell, ThinkAdvisor “Mutual of Omaha is introducing two products of interests to financial professionals who work with retirees and near retirees. One of the products is a long-term care rider that can be sold with the company’s Income Advantage and Life Protection Advantage Indexed Universal Life policy. … The rider gives purchasers of United of Omaha IUL policies the ability to use a portion of the policy death benefit early to pay long-term care (LTC) expenses. A holder can use the rider to pay for nursing home
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“Genworth and China Oceanwide Push Back Deal Deadline,” by Allison Bell, ThinkAdvisor “The Chinese company trying to acquire Genworth Financial Inc. has agreed to extend the deal completion deadline and update the deal terms, Genworth said today. Genworth and China Oceanwide Holdings Group Co. Ltd. have agreed to extend the deadline to Dec. 1, from the previous deadline of Aug. 15. The deadline extension is the sixth the companies have negotiated since they first announced the $2.7 billion deal, in October 2016. China Oceanwide has also agreed to acquire Genworth with the understanding that a life and annuity-issuing unit will
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