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Paul Lobosco

Life Events


Every stage of life has its own financial needs and concerns. The life events on this page can help you target the key financial strategies and issues that are likely to be most important to you in this stage of your life.

Starting Out    Changing Jobs    Coping with Unemployment    Starting a Family    Saving for College    Starting a Business    Planning/Saving for Retirement    Managing College Expenses    Long-Term Care Planning    Planning an Estate    Planning for Business Succession    Nearing Retirement/Retirement    Financial Windfall   
 
Should I buy long-term care insurance?

Answer:

As we get older and our health declines, the greater the chances are that we will require home care, nursing home care, or other assisted-living arrangements. This care is quite expensive, and Medicare, HMOs, and Medigap don't pay for it. You might want to look into purchasing long-term care insurance (LTCI) to protect your assets in case you need long-term care.

Whether or not you should purchase LTCI depends on your age, medical history, assets, and income. Ask a financial professional about whether LTCI is right for you. If you meet some of the following criteria, you might want to seriously consider it:

  • You are between the ages of 40 and 84 (generally, LTCI is not available to those over 84)
  • You have a family history of Alzheimer's disease
  • You own substantial assets that you'd like to protect
  • You have family members to whom you wish to leave your assets
  • You can afford the cost of LTCI premiums now and will be able to afford them in the future
  • You are in good health and are insurable


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 All securities offered through The Investment Center, Inc. Bedminster, NJ Member FINRA/SIPC • Advisory services provided through IC Advisory Services, Inc. - An SEC Registered Investment Advisor • Forward Capital Management, LLC is not affiliated with The Investment Center, Inc. or IC Advisory Services, Inc. • Paul Lobosco is a Registered Representative of The Investment Center, Inc. • Important Disclosure Information: CLICK HERE

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's persona circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
 


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