Suze Orman: Funding Your Long-Term Care Insurance. Options are Available.

Suze Orman has been called "a force in the world of personal finance" and a "one-woman financial advice powerhouse" by USA Today. She supports having a plan to address future long-term health care and its impact on your family and finances. The ideal time to plan is before your retirement, ideally in your 40s or 50s.

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Suze Orman: Funding Your Long-Term Care Insurance. Options are Available.
2 Min Read April 3rd, 2017 Updated:April 25th, 2022

Suze Orman has been called "a force in the world of personal finance" and a "one-woman financial advice powerhouse" by USA Today. A two-time Emmy Award-winning television host, New York Times mega-bestselling author, magazine and online columnist, writer/producer, and one of the world's top motivational speakers today, Orman is one of the most recognized experts on personal finance. She is also a big believer in planning for the financial costs and burdens of aging and Long-Term Care Insurance.

For a very long time, she has promoted the need for having a Long-Term Care Insurance policy. These plans are very affordable, especially if you are in good health and younger. 

With an LTC Insurance policy, you have access to your choice of quality care options, including in-home care. You not only protect your assets, but you reduce the stress and anxiety on your family.

However, while traditional Long-Term Care Insurance is the best option for many people, there are new products that some people are very interested in reviewing. These asset-based policies allow you to transfer existing money into an insurance policy and have both benefits for long-term care and get your money back if you are lucky enough never to require extended care. The insurance industry calls these "hybrid" policies.

Suze discusses these plans here

Several Types of Long-Term Care Insurance Exist

No matter what type of plan you get, a traditional Long-Term Care insurance policy, a partnership policy with additional dollar-for-dollar asset protection, a hybrid plan like Suze wrote about, or even smaller "short-term" plans, having an affordable way to address the physical, emotional, and financial burdens placed on your family is essential to your future retirement plan.

Affordable Long-Term Care Insurance plans will protect your savings and provide peace of mind. You will have the knowledge that you will never place stress or anxiety on your family. 

Remember, caregiving is not an easy job for anyone. Adult children (or their spouses) must often balance their career and family responsibilities with being a caregiver. Caregiving is physically and emotionally demanding. When you own a Long-Term Care Insurance policy, your loved ones will have time to be family instead of caregivers.

Ideally, plan before you retire as you have the most options available. Long-Term Care Insurance is medically underwritten, so you can't wait until your health changes to obtain coverage. Most people purchase coverage in their 50s.

Always work with a specialist in Long-Term Care Insurance. Most insurance agents and financial advisors don't have the expertise or experience in this area.

Find a trusted and qualified specialist by clicking here.

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About the Author

An LTC News author focusing on long-term care and aging.

LTC News Contributor James Kelly

James Kelly

Contributor since August 21st, 2017

Editor's Note

Suze Orman has been called "a force in the world of personal finance" and a "one-woman financial advice powerhouse" by USA Today. A two-time Emmy Award-winning television host, New York Times mega-bestselling author, magazine and online columnist, writer/producer, and one of the world's top motivational speakers today, Orman is one of the most recognized experts on personal finance. She is also a big believer in planning for the financial costs and burdens of aging and Long-Term Care Insurance.

For a very long time, she has promoted the need for having a Long-Term Care Insurance policy. These plans are very affordable, especially if you are in good health and younger. 

With an LTC Insurance policy, you have access to your choice of quality care options, including in-home care. You not only protect your assets, but you reduce the stress and anxiety on your family.

However, while traditional Long-Term Care Insurance is the best option for many people, there are new products that some people are very interested in reviewing. These asset-based policies allow you to transfer existing money into an insurance policy and have both benefits for long-term care and get your money back if you are lucky enough never to require extended care. The insurance industry calls these "hybrid" policies.

Suze discusses these plans here

Several Types of Long-Term Care Insurance Exist

No matter what type of plan you get, a traditional Long-Term Care insurance policy, a partnership policy with additional dollar-for-dollar asset protection, a hybrid plan like Suze wrote about, or even smaller "short-term" plans, having an affordable way to address the physical, emotional, and financial burdens placed on your family is essential to your future retirement plan.

Affordable Long-Term Care Insurance plans will protect your savings and provide peace of mind. You will have the knowledge that you will never place stress or anxiety on your family. 

Remember, caregiving is not an easy job for anyone. Caregiving is physically and emotionally demanding. Adult children (or their spouses) must often balance their career and family responsibilities with being a caregiver. When you own a Long-Term Care Insurance policy, your loved ones will have time to be family instead of caregivers.

Ideally, plan before you retire as you have the most options available. Long-Term Care Insurance is medically underwritten, so you can't wait until your health changes to obtain coverage. Most people purchase coverage in their 50s.

Get Expert Assistance in Planning

Long-term care is a very specialized area, and few insurance agents and financial advisors have the expertise. Seek the help of a specialist who represents the top companies. 

Experts recommend seeking the help of a qualified and experienced Long-Term Care Insurance specialist to help you find the right coverage. A specialist will match your age, health, and family history with the right coverage at the right price.

Top specialists will often have over 500 clients with Long-Term Care Insurance, some in the thousands. This experience is necessary as every company has its own underwriting criteria. Plus, premiums can vary over 100% between insurance companies. 

A specialist will save you money, and you will have peace of mind knowing they are making the appropriate recommendations - Work With a Specialist | LTC News.

LTC NEWS Offers Many Planning Tools and Resources 

Planning for the future is never easy, but long-term health care planning can be very complicated and comes with many emotions. Getting the right tools and resources will make the process much easier.

One of the goals is to reduce the stress and anxiety usually placed on your family at the time of crisis. LTC NEWS can be beneficial in providing you with important information for you to consider.

LTC NEWS has put in place several resources, including:


Find all the resources on LTC NEWS - Resources for Long-Term Care Planning | LTC News.

Finding Quality Care for Mom or Dad

If your family is already in crisis and you need to find help for mom or dad, LTC NEWS can help. We have put together several comprehensive guides to help you in your process.

Start by reading our four guides -  


If your loved one is lucky enough to own a Long-Term Care Insurance policy, be sure they use it. Sometimes families wait, thinking they can save the benefits for a rainy day. Waiting on using available Long-Term Care Insurance benefits is not a wise idea. 

Get Help in Filing a Long-Term Care Insurance Claim

Many insurance companies have issued Long-Term Care Insurance policies over the years. Filing a claim can sometimes be complicated unless you know what to do or get expert help and assistance. 

Don't allow the claim process to stop you from using the benefits available in an LTC policy. Quality care obtained early will help provide a better quality of life and reduce the risk of a deep decline and facility care. 

If you need help in starting the process of a Long-Term Care Insurance claim, LTC NEWS can help. LTC NEWS provides free assistance with no obligation to help you, or a loved one complete the claims process with a Long-Term Care Insurance policy. We have teamed up with Amada Senior Care, who will do all the work - free with no obligation. 

Get help finding quality caregivers or long-term care facilities and get recommendations for a proper care plan, whether a person has a policy. - Filing a Long-Term Care Insurance Claim | LTC News

Benefits of Reverse Mortgages 

Today's reverse mortgages for those aged 62 and older could be an ideal resource to fund a Long-Term Care Insurance policy OR even provide money to pay for care if you, or a loved one, already needs help and assistance. You might be eligible at younger ages as well. 

Some people have much of their savings invested in their homes. With today's reverse mortgages, you can find ways to fund care solutions, care itself, and even help with cash flow during your retirement. 

Learn more by asking questions to an expert. LTC NEWS columnist and host of the TV Show "62 Who Knew" will answer your questions regarding caregiving, aging, health, retirement planning, long-term care, and reverse mortgages. 
- Just "Ask Mike." - Reverse Mortgages | LTC News.

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You can write a story or ongoing column for LTC NEWS. You can write about many topics, including aging, caregiving, health, lifestyle, retirement planning, and long-term care, to name a few.

Be sure to write for our core target audience of adults aged 40 and older. Our audience is worldwide; however, our primary target is the United States, Canada, the United Kingdom, Australia, and other English-speaking nations. 

Improve your website or blog's SEO and gain exposure and traffic at the same time by being a contributor to LTC NEWS. 

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Email your story idea or article: newsroom@ltcnews.com - LTC News Contributors | LTC News

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Use LTC NEWS to drive traffic to your website and help you attract people interested in your products and services. Plus, you can improve your website's SEO so more consumers can find you when they search for your products and services.

There are various marketing options available with LTC NEWS. Traditional advertising, sponsored content articles, strategic alliances, and more are available. 

Learn more about how LTC NEWS can help you market your business, drive traffic, and improve SEO - Advertise With Us | LTC News.

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LTC NEWS offers a 'helpful links' page so readers looking for additional information can find them easily. You can get a dofollow link to your website on LTC NEWS in exchange for a dofollow link on your site.

Let's work together and help consumers who search for us on the web - Site Request | LTC News.

You can also affordably purchase a dofollow link to your website or blog on LTC NEWS. Just contact the advertising department.

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Include LTC NEWS in your press release distribution. If your group, organization, business, political committee, etc., have news to share, send it to LTC NEWS. Email - newsroom@ltcnews.com

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