Long Term Care Series, Part #2: Understanding Long-Term Care Insurance & Partnership Programs, with Eileen Dunn

I'm joined again by Long-Term Care expert, Hospital Discharge Planner, and Geriatric Care Manager Eileen Dunn where we discuss the basics of long-term care insurance and the Long-Term Care Partnership Program. More specifically, Eileen and I discuss: Why should you consider long-term care insurance? What does long-term care insurance pay for? Common types of long-term care insurance policies Cost and benefit considerations of long-term care insurance Long-Term Care Partnership Programs Taxation of long-term care benefits Resources: Retired-ish Newsletter Sign-Up Free 4-Step Retirement Analysis for Ages 50+ Ask Cameron A Question! LPL Financial and Planable Wealth are not affiliated with or endorsed by Eileen Dunn or Mutual of Omaha. Key moments in this episode are:
00:01:31 - Need for Long-term Care Services
 00:05:43 - What is Long-term Care Insurance?
 00:08:07 - Importance of Work-Life Balance
 00:10:38 - The Cost of Long-term Care
 00:15:15 - Long Term Care Insurance Policies with Life Insurance Riders
 00:17:23 - Benefits of Long Term Care Policies
 00:19:20 - Reimbursement vs. Indemnity
 00:22:32 - Planning for the Unexpected 
00:25:41 - Tax Implications of Long Term Care Insurance
 00:29:35 - The Importance of Long Term Care Insurance
 00:30:06 - Best Age to Buy Long Term Care Insurance 
00:35:26 - The Long Term Care Partnership Program
 00:39:42 - Resources for Learning More About the Partnership Program
 00:41:04 - Conclusion and Future Episode Preview
 00:44:28 - The Role of Diversification in Investments
 00:43:15 - The Importance of Risk Management