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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Jul 29, 2019

In episode 177 of Financially Simple, Justin discusses Long-Term Care policies and coverage with expert Jim Detar.

Long-Term Care policies have changed over time as insurers adjust to the trend of increasing the amount of care. Justin and Jim Detar go over the trends, what to look for in a policy, and alternative options to Long-Term Care policies.

TRANSCRIPT/BLOG: https://financiallysimple.com/long-term-care-part-ii-insurance-options-for-small-business-owners/

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TIME INDEX:

01:14 - How to Pay For Long-Term Care

01:43 - Speaking with Expert Jim Detar

02:59 - What is Long-Term Care?

04:14 - Pooled Risk

06:06 - Recent Trends

10:12 - What to Look For in a Long-Term Care Policy

10:59 - The Benefit Dollar Amount

12:22 - The Deductible Period

13:01 - The Benefit Period

15:29 - Home-Care Insurance Policies

17:49 - Is Long-Term Care a Medically Underwritten Policy?

19:52 - Can a Life Insurance Policy Cover Long-Term Care?

22:13 - Annuities

24:36 - Wrap Up

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RESOURCES:

Jim Detar - Heritage Investors

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.