Are you prepared for the real costs of aging? Today, I'll cover key things you should know about Long-Term Care Insurance, including using benefits to pay family members and even cover home modifications to stay safely at home.

I'll show you why planning LTC sooner is smarter than later, and the ideal age to apply to qualify for it.

If you want to safeguard your independence and financial legacy, this episode will help you think through your LTC options and plan ahead for a safe and peaceful future.

Listen now!

Show highlights include:

• Know the tax implications of family caregiver compensation, and why not all LTCI companies permit paying family. (1:45)

• Pro tip on a hidden LTC policy benefit that more families should be using to fund safety and accessibility home modifications. (2:32)

• A reality check we all need on dementia, stroke, cancer, and accidents in adults under 65 leading to ADL failure—and the powerful solutions disability policies and catastrophic riders provide! (4:12)

• What happens when your disability policy expires? The importance of dedicated LTC Insurance. (6:34)

• The ideal age window to buy LTC coverage, and why qualifying early matters according to these denial rates by age. (8:32)

• A reminder that LTC can be woven into your Infinite Banking Strategy for the right coverage for your situation! (10:00)

Reach out to me:

valerie@alphaomegawealth.com

https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)

In this episode, I'm breaking down the essentials of Long-Term Care Insurance coverage—how policies work, what triggers benefits, and your options for benefit amounts and periods.

I'll also talk about the WA Cares Act, exposing how it's an inadequate solution for your real LTC needs, and the pitfalls to watch out for as more states consider similar tax programs.

If you want clarity on how to make the right choice for a reliable LTC policy that protects your retirement and legacy, this episode is for you.

Listen now!

Show highlights include:

• How the inability to perform at least two of these six activities of daily living can trigger LTC benefits. Can cognitive impairment by itself also trigger a claim? (1:06)

• What an elimination period means in LTC Insurance and how it impacts the premium cost. (1:53)

• How to choose a benefit frequency and amount. And why an inflation protection rider is a must, anticipating care costs exceeding benefits as this client story reveals. (3:09)

• Options to select an LTC benefit period of up to possibly 7 years—and who should consider lifetime coverage that I can tailor to your needs or budget! (5:20)

• If you're a W-2 employee, here's the maximum lifetime benefit the WA Cares Act offers for the tax it deducts from you. Can it meet real care costs? (7:00)

• Are Washington state residents allowed to opt out of WA Cares if they're privately insured? (8:05)

• Why I clearly don't recommend WA Cares for LTC coverage. (11:29)

• My advice to the residents of five more states that may next roll out LTC programs similar to WA Cares. (11:58)
  

Reach out to me:

valerie@alphaomegawealth.com

https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)

Are you aware of the real cost of long-term care—what it means for your retirement security? In this episode, I explain how health events can deplete savings and trigger higher tax brackets.

That's not a gamble you need to take. I'll show you how long-term care coverage can protect your retirement savings and your survivors.

Learn also why your future self will thank you for starting on long-term care planning early while you're still healthy.

Listen now!

Show highlights include:

• Why treating long-term care as a retirement plan problem is a problem. And what it actually is. (0:57)

• Uncover the tax consequences of using retirement assets for long-term care. (2:01)

• Do you have a tax advisor? (3:44)

• How trying to cover a bump into a higher tax bracket in tax-deferred accounts can lead to a tax spiral. (4:01)

• Understand permanent compounding dollar loss and death benefit impact resulting from cashing out retirement savings for long-term care. (5:16)

• When should you start planning for long-term care? (6:27)

• Discover how Whole Life contracts for Infinite Banking include riders for chronic or long-term illness. (7:16)

• Why I see using chronic illness riders as catastrophic protection—and why I recommend starting policies dedicated exclusively to long-term care risks. (7:42)
  

Reach out to me:

valerie@alphaomegawealth.com

https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)