Are you 60 to 70 years old?  Wheter not you, probably a family member? Then you are about to discover something that could help prevent the total devastation of your individual estate.

Truth is, it’s likely the most vital asset you can ever own.  Below’s why.

For over 24 years, I have helped hundreds of individuals understand and implement money saving ways.  From birth to death I’ve witnessed families in every financial situation.

As my consumers age (and me, too), I could tell you with no hesitation the biggest fear of growing old is losing your ability to maintain independent.

We might be living longer, this doesn’t mean we’re living any greater.

Chronic disease is rampant… and it strikes by a vengeance while you least expect it.

How various people who have experienced a stroke knew it was going to happen to them?

How numerous anticipated that specific moment when they began to forget things?

The evidence talk for themselves. Literally millions of Americans require long term care… either in nursing homes, day care centers, assisted living facilities or in their own homes. 

And the expenses of offering long term care is escalating without end in sight.

Consider it won’t happen to you?  Well, I’m sorry.  Because this article doesn’t try to convince everybody about the likelihood of their needing care before they die.

It is intended for those who understand and appreciate  the importance of arming themselves by protection against the horrific expense of long term care.

In fact, this article is ideal for those who have already looked at traditional types of long term care policies and are trying to decide which type is great for them.

One of the biggest objections to buying a long term care insurance policy is that if the advantage is never required the insurance premiums paid for the policy will be wasted.

This’s somewhat like buying automobile insurance plan.  You’ve to pay the premium in order to achieve your car repaired.  But what when you never have an accident.  Is that considered losing your premium?

Funny isn’t it?  Persons hardly question paying for car insurance coverage, but they continually resist doing so for a long term care policy.

Hence… what if you could always reach your premium back - guaranteed - if you never want any long term care?

And, what wheter you die before obtaining long term care?  Wouldn’t it be great when your loved ones can recover 100% of your premium expense?

How about this?  You actually reason up every of your long term care advantage.  And then you die.  What wheter your family could still achieve back 10 percent of your premium.

Today if you know anything about long term care policies you are maybe wondering why you haven’t heard of this type before.

One purpose is because it’s non-traditional and not included in the mainstream marketing of long term care policies.

Another is because it takes a large sum of money to buy the insurance policy.  $50,000 is typical and it is a one-time single premium, which means you would never accomplish stuck by a premium multiply.

It is not uncommon for people amongst 60 & 70 to have large sums of money stashed away in bank CDs earning less interest.  Kind of an urgent situation fund.

Transferring a portion of this fund into the insurance policy makes sense because the money continues to earn interest.  Besides, it normally pays more than the bank… plus, the insurance policy interest is tax deferred.

It’s also common for persons this age to have old life insurance policies with important cash value.

Several times it is reasonable to transfer the cash into the long term care policy and still retain a meaningful death benefit.

And the future long term care advantage could easily be worth over 1 million dollars.

This policy has a 90 day waiting period before benefits are paid.  The length of the benefit could be whether short whether four years or whether long as your lifetime.  You could also reach a five% compound interest inflation protection rider to assistance maintain up with the rising expenses of care.

The name of this policy is MoneyGuard.  It is a universal life insurance plan policy with a long term care rider.  The issuing life insurance coverage company is Lincoln Life, a subsidiary of Lincoln Financial Group.

However, this insurance policy was initially developed with 1st Penn-Pacific Life many years ago. They have years of experience and an good reputation.  Lincoln recently bought 1st Penn-Pacific.

Consult your life insurance coverage provider to get you further statistics about this single premium insurance policy.  For the correct conditions it’s absolutely the good guarantee in a long term care insurance policy. Read more other useful articles about cheap health insurance student, cheap individual health insurance and health insurance comparisons