As many of you know we are on vacation in the beautiful Jackson Hole, Wyoming area, but an issue has come up that I think is so important that I am taking a break to get this information out to you.
California is home to more people than any other state and is also home to the greatest number of seniors. It is also a very tough state for insurance companies that sell Long Term Care insurance – you would think because of our huge population that insurance companies would be lined up to sell their long term care products here. They are, however, in their attempt to protect consumers the state of California has made it almost impossible for the Long Term Care insurance companies to get their products approved or updated for sale. It’s no secret that companies are leaving California – this is true for insurance companies as well
At Wealth Financial Group West we have consistently been on the cutting edge of researching and finding ways to provide you with the best long term care options available as our overriding goal is to protect you are your family’s hard earned wealth.
Well, as of June 30th one of the very best (in our opinion) carriers in the already very limited field of Long Term Care insurance providers is pulling out of California. Mutual of Omaha’s insurance plan is unique in that a couple can buy a policy that allows you to draw from the same pool of money when long term care be needed by either one of you. This allows you to significantly save on cost and still have a very sizable pool of funds when the time comes that long term care is needed. This is the best way we have found to maximize dollars spent on Long Term care insurance!!!
So, if you have put off getting Long Term Care insurance, or if you know someone who has, NOW is the time to act. Additionally if any of your adult children over the age of 45 who do not have Long Term Care insurance should give us a call – the cost of LTC when you are young is significantly less and very affordable.
We must have all applications to Mutual of Omaha dated before June 30th – last chance to purchase this unique product. Our office is open and Jessica can book phone appointments for those who want to know more. We’ll see you next week.