Jul 25, 2019
In episode 176 of Financially Simple, Justin continues his analysis of Risk Management by looking at Long Term Care and how it can affect you as a business owner.
Long-Term Care is an increasing problem - as people live longer, the risk of becoming susceptible to an illness that affects their day-to-day concerns increases. In this first episode of two about Long-Term Care, Justin explains the basics and gives the facts and figures of this growing concern.
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01:18 - Long-Term Care - the Overview
01:28 - A Personal Experience
03:18 - Long-Term Care for Business Owners
05:00 - What is Long-Term Care?
07:45 - How Big of a Problem is it?
11:48 - Stats on the Cost of Long-Term Care
15:10 - What if Your Employees are Affected?
16:02 - Stats on Claims Paid for Long-Term Care
18:28 - Wrap Up
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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.