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Assets don't pay for long term care, INCOME does

"First we are children to our parents, then parents to our children

then parents to our parents, then children to our children".

  ---  Milton Greenblatt

Where does income come from?
  • Form Cash (Liquid)

    • Converting assets to cash is problematic.

    • You probably have other uses for it.

  • From Government Programs (Medicare, Medicaid, Veteran’s Benefits)

    • Coverage issues can be problematic

  • From Income generated through Long Term Care Insurance

    • Your premiums are merely tax-deferred prepayments made at a fraction of the actual future cost of care. 

Plan for Long Term Care

A plan has two elements:

  1. Predetermined guidelines that define how and where an individual wants to receive long-term care if necessary

  2. A funding mechanism to pay for care

Where is care received?


Adult Day Care Centers

Assisted Living Facilities

Continuing Care Retirement Community

Institutional Care (Hospitals, etc)

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