June 15, 2012 – BUSINESS – By Associated Press   ‘Shared Care’ Growing in Popularity forCouples Purchasing Long-Term Care ...
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Shared Care Growing in Popularity for Couples Purchasing Long Term Care Insurance - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

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Shared Care Growing in Popularity for Couples Purchasing Long Term Care Insurance

Skloff Financial Group
http://www.skloff.com/services-ltci.htm

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Shared Care Growing in Popularity for Couples Purchasing Long Term Care Insurance - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group

  1. 1. June 15, 2012 – BUSINESS – By Associated Press ‘Shared Care’ Growing in Popularity forCouples Purchasing Long-Term Care InsuranceFor married couples, an increasingly popular option called “shared care” may make it morefeasible by providing expanded coverage for less money than would otherwise be the case.Under these joint policies, couples purchase a combined pool of benefits that can be used byeither or both spouses.A look at the shared-care option within the broader context of changing long-term careinsurance:Q: What does long-term care insurance cover?Q: Who needs it?Q: What happens if you don’t have it?Q: How does shared care work?Q: Does it cost extra?Q: So what’s the typical overall cost?Q: Who is it best-suited for?Q: Why are we hearing about shared care now?Comments June 16, 2012Another Important Question: What Happens to My Policy if My Spouse or Partner Goes onClaim?Some long term care insurance policies have a feature called waiver of premium – when you goon claim you stop paying for your policy. Some shared care policies have a feature called jointwaiver of premium – when either you or your spouse or partner go on claim both of you stoppaying for your policies.Contact us to learn more about long term care insurance.Aaron Skloff, AIF, CFA, MBACEO – Skloff Financial Grouphttp://www.skloff.com/services-ltci.htmAaron Skloff, Accredited Investment Fiduciary (AIF), Chartered Financial Analyst (CFA),Master of Business Administration (MBA), is the Chief Executive Officer of Skloff FinancialGroup, a NJ based Registered Investment Advisory firm. The firm specializes in financialplanning and investment management services for high net worth individuals and benefits forsmall to middle sized companies. He can be contacted at www.skloff.com or 908-464-3060.

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